Close Menu
    What's Hot

    DBN Disburses N1trn to MSMEs, Unveils 5-Year Growth Plan

    June 4, 2026

    MTN Nigeria Declines by 7% on Significant Volume Action

    June 4, 2026

    First Holdco Shrinks, Market Value Falls 17% in 3 Days

    June 3, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Thursday, June 4
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketNews » NAF Airstrikes Destroy over 70 Illegal Refineries in 3 Months
    MarketNews

    NAF Airstrikes Destroy over 70 Illegal Refineries in 3 Months

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiJuly 31, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    NAF Airstrikes Destroy over 70 Illegal Refineries in 3 Months
    Share
    Facebook Twitter Pinterest Email Copy Link

    NAF Airstrikes Destroy over 70 Illegal Refineries in 3 Months

    The Nigerian Air Force (NAF) aircraft operating under Operation Delta Safe have in the last three months destroyed more than 70 illegal refining sites and 80 overhead tanks.

    The Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, said this while hosting the National Coordinator, Messrs New Guard Security and Consulting Limited, retired Maj.-Gen. Jamil Sarham, and his team at NAF Headquarters Abuja.

    This is contained in a statement by the Director, Public Relations and Information, NAF, AVM Edward Gabkwet, on Wednesday in Abuja.

    Abubakar said that the menace of oil theft and pipeline vandalism had led to a significant decline in crude oil production and substantial revenue losses to the nation.

    He added that the environmental consequences of the illegal activities had also led to air pollution and waterway contamination with attendant effect on aquatic life and agriculture.

    According to him, it was in response to these challenges that the armed forces were mandated to eradicate the scourge of oil theft and pipeline vandalisation in the Niger Delta region, with the aim of boosting oil production output.

    “Over the past year, the NAF has conducted 463 sorties in 560 flight hours and expended 175,000 litres of Jet A-1 fuel in air operations over the Niger Delta region.

    “In bolstering these efforts, some newly inducted platforms have recently been deployed to the region and beyond.

    “This is to enable the NAF to cover more grounds as it liaises with other security agencies in degrading the activities of these criminals in the region.”

    The CAS lauded the team’s exceptional military background, expressing optimism that their collaboration with other security agencies in addressing the challenges of crude oil theft would add bites to the ongoing efforts.

    He said that the visit had laid a solid foundation for greater cooperation and synergy between the NAF and the firm with potential positive impacts on Nigeria’s national defense and security.

    According to him, the visit marked a pivotal step towards enhancing the security of Nigeria’s oil infrastructure and addressing the economic and environmental challenges posed by oil theft. MTN Nigeria Net Loss Spikes by 507% to N519bn

    Banks CBN Central Bank of Nigeria FGN Investors Naira NGX Nigeria Nigerian Stock Exchange
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Related Posts

    News

    DBN Disburses N1trn to MSMEs, Unveils 5-Year Growth Plan

    June 4, 2026
    News

    MTN Nigeria Declines by 7% on Significant Volume Action

    June 4, 2026
    News

    First Holdco Shrinks, Market Value Falls 17% in 3 Days

    June 3, 2026
    News

    XRP Sinks as Flight from Crypto Risk Fuels Selloffs

    June 3, 2026
    News

    Central Bank of Nigeria Hikes Interest Rates on Treasury Bills

    June 3, 2026
    News

    CardinalStone Hikes Transcorp Target Price, Cites TransAfam Turnaround

    June 3, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    DBN Disburses N1trn to MSMEs, Unveils 5-Year Growth Plan

    June 4, 2026

    MTN Nigeria Declines by 7% on Significant Volume Action

    June 4, 2026

    First Holdco Shrinks, Market Value Falls 17% in 3 Days

    June 3, 2026

    XRP Sinks as Flight from Crypto Risk Fuels Selloffs

    June 3, 2026
    Latest Posts

    DBN Disburses N1trn to MSMEs, Unveils 5-Year Growth Plan

    June 4, 2026

    MTN Nigeria Declines by 7% on Significant Volume Action

    June 4, 2026

    First Holdco Shrinks, Market Value Falls 17% in 3 Days

    June 3, 2026

    XRP Sinks as Flight from Crypto Risk Fuels Selloffs

    June 3, 2026

    Central Bank of Nigeria Hikes Interest Rates on Treasury Bills

    June 3, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    DBN Disburses N1trn to MSMEs, Unveils 5-Year Growth Plan

    June 4, 2026

    MTN Nigeria Declines by 7% on Significant Volume Action

    June 4, 2026

    First Holdco Shrinks, Market Value Falls 17% in 3 Days

    June 3, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.