Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890. This new price is effective from Saturday, February 1, 2025. In a statement issued on Saturday, the company attributed this price cut to the favorable trends in global energy and gas markets, as well as the recent drop in international crude oil prices. The Impact of the Price Reduction Anthony Chiejina, a spokesperson for Dangote Refinery, emphasized that the price revision reflects the refinery’s dedication to transparency and fairness. This adjustment follows the statement made on January 19, when a modest increase in prices was implemented in response to rising international crude oil prices. Chiejina noted that the price reduction from N950 to N890 is expected to significantly lower petrol costs nationwide, which would, in turn, reduce the prices of goods and services. This would have a beneficial ripple effect across various sectors of the Nigerian economy, contributing to a reduction in the overall cost of living. Furthermore, Dangote Petroleum Refinery has urged marketers to join in this initiative to ensure that the reduced prices benefit the Nigerian people. Chiejina also highlighted that this effort aligns with President Bola Ahmed Tinubu’s broader economic recovery plan, which focuses on achieving self-sufficiency in refined petroleum products and positioning Nigeria as a leading oil export hub. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
Crude oil theft remains a significant issue in Nigeria, with security operatives—who are supposed to prevent the crime—reportedly facilitating and profiting from the illegal trade. Investigations reveal that oil thieves pay levies to build refining camps and receive protection, while armed personnel escort stolen crude shipments under the cover of night. Despite the efforts of security firms like Tantita Security Services Nigeria Limited (TSSNL), oil theft continues due to deep-rooted corruption within the system. Security Forces Enabling Oil Bunkering Leaked Intelligence and Bribery Former oil bunkerers have exposed how some security personnel, including military officers, facilitate and profit from crude oil theft. These officials not only accept bribes to protect illegal operations but also leak intelligence to oil thieves, warning them of impending raids. According to a former oil bunkerer in Delta State, Fumilayo: “The Navy coordinated our business from the start. We paid them before setting up refining camps and for every boatload of crude we moved. If you don’t settle them, they will destroy your camp.” Some of these illegal camps are reportedly owned by both serving and retired military officers who employ skilled artisans and locals to refine stolen crude. Oil Theft Routes and Security Involvement Edo State: Midnight Escorts for Oil Smugglers In Edo State, armed personnel reportedly escort stolen crude shipments through oil palm plantations to avoid detection. A former insider disclosed: “They disguised petroleum product movements as regular plantation transport. This ensured safe passage after negotiations with security officers.” The Gelegele–Ofunama axis is a well-known smuggling route where oil thieves transport diesel in drums, jerricans, and specially designed containers between 1 AM and 3 AM. Local vigilante groups are also sometimes compromised to allow free passage. Akwa Ibom: Settling Security Commanders An ex-agitator in Akwa Ibom revealed two primary methods of crude oil theft: He explained: “To operate freely, you must settle security commanders. These commanders control access to key locations, and without their approval, your activities are at risk.” Bunkerers often pay over ₦100,000 in tolls at various security checkpoints along river routes. Insider Leaks and Protection for Oil Thieves Nimi Brador, a former supervisor of an illegal refining camp in Rivers and Bayelsa, stated that local community informants and security operatives acted as spies for oil thieves. “Before the military arrived, we would be warned by insiders. Some security officials also owned illegal refining camps.” TSSNL operatives investigating these cases confirm that high-ranking security officials frequently obstruct crackdowns. Security Agencies’ Crackdown on Oil Theft Despite these deep-rooted networks, the Nigerian military and security agencies have intensified efforts to dismantle illegal refining sites. In recent operations across Edo, Delta, Rivers, and Akwa Ibom, they:✅ Dismantled 13 illegal bunkering hubs✅ Seized 300,000 liters of stolen crude✅ Arrested 15 oil thieves✅ Destroyed over 150 makeshift refining ovens Major Arrests and Recoveries ? Edo State: 252,000 liters of stolen crude oil recovered in Ugo Community.? Delta State: A 30,000-liter tanker siphoning crude intercepted.? Rivers State: Multiple refining sites dismantled along the Imo River.? Akwa Ibom: Over 30 polythene bags of illegally refined diesel seized. The fight against oil theft is ongoing, but the involvement of security operatives in the crime raises concerns about the effectiveness of these crackdowns. The Road Ahead: Curbing Oil Theft in Nigeria Stakeholders believe that organizations like TSSNL have significantly reduced oil theft. However, more needs to be done to eliminate corruption within security agencies. ✅ Stricter monitoring of security personnel✅ Deployment of independent security agencies for oil facility protection✅ Stronger legal action against compromised officials The next report will explore how the Federal Government can combat oil theft through collaborative efforts with Niger Delta leaders and security agencies. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
In a decisive effort to combat oil theft and protect Nigeria’s resources, the Nigerian Army has successfully dismantled 19 illegal refining sites and confiscated over 170,000 litres of stolen Automotive Gas Oil (AGO) in a series of operations across the Niger Delta. Collaborative Crackdown Between December 2 and 8, 2024, troops from the Nigerian Army’s 6 Division, working in collaboration with other security agencies, executed targeted operations aimed at dismantling oil theft networks. The operations resulted in significant arrests, seizure of equipment, and recovery of stolen resources. According to Lieutenant Colonel Danjuma Jonah Danjuma, Acting Deputy Director of 6 Division Army Public Relations, the operations also led to the demobilisation of 21 boats used in crude theft and the confiscation of various tools used for illegal oil bunkering. Key Successes Across the Niger Delta Rivers State Bayelsa State Akwa Ibom State Delta State Protecting Nigeria’s Economy The Nigerian Army remains resolute in its mission to safeguard the nation’s oil and gas infrastructure, curbing economic sabotage and ensuring the security of vital resources. These operations underline their commitment to sustaining the economic well-being of Nigeria and its citizens. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.

