NDLEA DISMANTLES ABUJA DRUG BUNKS, ARRESTS 132, RECOVERS 220KG ILLICIT SUBSTANCES. (PHOTOS). #PRESS RELEASE.

Image
 NDLEA dismantles Abuja drug bunks, arrests 132, recovers 220kg illicit substances  -Marwa hails operation, vows to sustain crackdown in FCT, other states  In a non-stop two-week offensive action against traffickers and dealers, operatives of the National Drug Law Enforcement Agency (NDLEA) have successfully dismantled several drug joints and bunks within and around the Federal Capital Territory (FCT) Abuja where a total of 132 suspects were arrested and 220 kilograms of assorted illicit substances recovered. The wel-coordinated raids jointly conducted by the Agency's Directorate of Operations and General Investigation (DOGI) and the FCT Strategic Command from llth to 25th April 2026 were launched to dismantle illicit drug hubs contributing to substance abuse, trafficking, and associated criminal activities in the capital city after weeks of intelligence and surveillance across all identified hotspots. Areas where notorious drug joints were raided, dismantled and suspects...

EQUINOR COMPLETES $2B ASSET SALE IN NIGERIA, ENDS 30-YEAR OPERATIONS. (PHOTO).


 Equinor Completes $2 Billion Asset Sale In Nigeria, Ends 30-Year Operations


Norwegian Company Equinor Completes $2billion Asset Sale In Nigeria, Ends 30-Year Operations


Equinor (EQNR.OL) has finalised the sale of its assets in Nigeria and Azerbaijan for a total of up to $2 billion, marking the conclusion of its 30-year operations in both countries. 


The Norwegian oil and gas company announced the completion of the divestments on Monday, a move first disclosed in 2023, Reuter reports. 


The divestments, which were finalised in recent weeks, are expected to enhance Equinor’s cash flow in the fourth quarter. They align with the company's strategy to optimise its international portfolio. 


"The exits enable investments to deepen further in countries where Equinor can add the most value and build a more focused and robust international portfolio," the company stated, though it did not provide further details.


Equinor aims to increase its international output by 100,000 barrels of oil equivalent per day (boed) by 2030, focusing on new fields in Brazil, the UK, and the US.


In Nigeria, Equinor sold a 20.21% stake in the Agbami oil field, operated by Chevron (CVX.N), to Chappal Energies for up to $1.2 billion, consisting of $710 million in cash and the rest in contingent payments.


The company did not specify how market prices or other factors might influence those contingent payments.


In Azerbaijan, the company sold its 7.27% stake in the Azeri Chirag Gunashli (ACG) field, an 8.71% stake in the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, and a 50% stake in the Karabagh project to Azerbaijan’s SOCAR and India’s ONGC for $745 million.


Equinor’s net production in the first three quarters of 2024 was 24,600 boed in Azerbaijan and 17,700 boed in Nigeria.

Comments

Popular posts from this blog

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

THE NEW OONI OF ILE-IFE,WILL NOT EAT THE HEART OF THE LATE OONI-PALACE CHIEFS.

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).