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NNPC destroys 134 Illegal Refineries Recently

A destroyed refinery  By Favour Ifeoluwa & Akinola Ajibade  The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks.  Also, the company said  63 illegal pipeline connections were uncovered during the the weeks .  The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge.  According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation.  It further said that two large boats, which involve
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'No plans to replace Naira with digital currency now' says CBN. By Akinola Ajibade


The central Bank of Nigeria (CBN) refuted the claims in some media organisations ( Not News Mirror) that its replacing the  Naira notes in circulation with digital currency, the eNaira, soon.

The Director, corporate communications Department of the apex bank, Mr Osita Nwanisobi, in an interview with the media at the weekend, said that there was no iota of truth in the story.

According to him, the statement was purportedly  made during a stakeholders’ engagement on eNaira adoption in Asaba, Delta state, adding that it was misconstrued by Nigerians, urging stakeholders to disregard the news  in it’s entirety. 

Continuing futh, Nwanisobi said that the digital version of the Naira is meant to complement the existing currency notes and therefore, will circulate simultaneously as means of exchange and store of value.

On the benefits of adopting the eNaira, Nwanisobi  said that the digital legal tender aside from the safety and speedy features, it will also ensure greater access to financial services by the underbanked and unbanked populace thereby enhance financial inclusion.

He  however urged members of the public and business owners to embrace the digital currency, the eNaira whenever its comes out.

The eNaira was launched by President Muhammadu Buhari in October last 2021.


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