Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Oil Prices Decline as Strait of Hormuz Route Gets Busy

    June 26, 2026

    Stronger US Dollar Keeps South African Rand on Edge

    June 26, 2026

    Tech Stocks Rotation Shakes Global Markets as Apple Hikes Prices

    June 26, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Oil Prices Decline as Strait of Hormuz Route Gets Busy
    • Stronger US Dollar Keeps South African Rand on Edge
    • Tech Stocks Rotation Shakes Global Markets as Apple Hikes Prices
    • Nigerian Treasury Bills Yield Jumps 27bps on Sell Pressure
    • Naira Hovers Around N1,380 as Interbank FX Turnover Surges
    • XRP Dives to $1.03 as Strobe Finance Shutdown Erodes Confidence
    • Ethereum Price Slips 4% as Investors Liquidate Positions
    • Bitcoin Price Slides to $59k as US Inflation Stokes Selloffs
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Friday, June 26
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketNews » NAF Airstrikes Destroy over 70 Illegal Refineries in 3 Months

    NAF Airstrikes Destroy over 70 Illegal Refineries in 3 Months

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

    Keep Reading

    Oil Prices Decline as Strait of Hormuz Route Gets Busy

    Stronger US Dollar Keeps South African Rand on Edge

    Tech Stocks Rotation Shakes Global Markets as Apple Hikes Prices

    Nigerian Treasury Bills Yield Jumps 27bps on Sell Pressure

    Naira Hovers Around N1,380 as Interbank FX Turnover Surges

    XRP Dives to $1.03 as Strobe Finance Shutdown Erodes Confidence

    Add A Comment

    Comments are closed.

    Editors Picks

    Oil Prices Decline as Strait of Hormuz Route Gets Busy

    June 26, 2026

    Stronger US Dollar Keeps South African Rand on Edge

    June 26, 2026

    Tech Stocks Rotation Shakes Global Markets as Apple Hikes Prices

    June 26, 2026

    Nigerian Treasury Bills Yield Jumps 27bps on Sell Pressure

    June 26, 2026

    Naira Hovers Around N1,380 as Interbank FX Turnover Surges

    June 25, 2026
    Latest Posts

    Oil Prices Decline as Strait of Hormuz Route Gets Busy

    June 26, 2026

    Stronger US Dollar Keeps South African Rand on Edge

    June 26, 2026

    Tech Stocks Rotation Shakes Global Markets as Apple Hikes Prices

    June 26, 2026

    Nigerian Treasury Bills Yield Jumps 27bps on Sell Pressure

    June 26, 2026

    Naira Hovers Around N1,380 as Interbank FX Turnover Surges

    June 25, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

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