TROOPS ARREST SUSPECTED KIDNAPPER, RECOVER AK-47 RIFLE ALONG BENIN–SAPELE ROAD. (PHOTO). #PRESS RELEASE

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 TROOPS ARREST SUSPECTED KIDNAPPER, RECOVER AK-47 RIFLE ALONG BENIN–SAPELE ROAD Troops of 4 Brigade Nigerian Army, Operation WABAIZIGAN, have arrested a suspected kidnapper and recovered an AK-47 rifle and ammunition during a targeted operation along the Benin–Sapele Road in Ikpoba-Okha LGA of Edo State. The suspect, identified as Olamide Oyeniyi, was arrested on 12 September 2026 at Obaretin Community by troops conducting operations to disrupt criminal activities and safeguard major transportation routes within the area. Items recovered from the suspect include one AK-47 rifle, one magazine and eight rounds of 7.62mm Special ammunition. Other items recovered are one Tecno mobile phone, two bags, one torchlight, one music box and assorted charms. The suspect and recovered items are currently in troops’ custody for further investigation, while efforts are ongoing to establish his links to other criminal elements and determine his possible involvement in kidnapping and related activi...
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NNPCL SELLS N336BN CRUDE IN Q1 2025, DANGOTE REFINERY BUYS 32%.(PHOTO).

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 NNPCL Sells N336bn Crude in Q1 2025, Dangote Refinery Buys 32%

-April 22, 2025 |


The Nigerian National Petroleum Company Limited earned N336.37bn from crude oil sales in Q1 2025, with Dangote Refinery accounting for N107.44bn (32%), internal NNPCL documents reveal.


Seven crude cargoes, totaling 915,821 barrels, were sold to Dangote under the naira-for-crude deal at exchange rates between N1,501.22/$ and N1,562.91/$. The policy aims to reduce FX demand and stabilize fuel prices.


NNPCL also sold 1.95 million barrels to foreign refiners, generating $151.44m (N228.93bn), mainly from Egina, Erha, and Forcados blends. The transactions highlight the firm’s balance between domestic supply and forex earnings.

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