EFCC commences investigation of two suspected oil thieves in Uyo

EditorNovember 12, 202503 mins

Operatives of the Economic and Financial Crimes Commission, EFCC, Uyo Zonal Directorate, have begun investigations of two suspected oil thieves – Moses Michael Mufans and Abba Sunday, who were arrested for allegedly dealing in petroleum products without the requisite licence. They were arrested at Ikot Ekpene on November 4, 2025, by a Joint Task Force…

Oil windfall: FG earns $4.8bn from crude, gas exports in a month

EditorApril 25, 202515 mins

The federal government’s earnings from the export of crude oil and gas increased in January 2025, driven by increases in both crude oil price and domestic production. Data from the Central Bank of Nigeria showed that aggregate receipts from crude oil and gas export increased to $4.80bn, from $3.62bn in December 2024. The increase of…