Skip to content
Back to Guavy Wire
Commodities

Nigeria Troops Crack Down on Illegal Oil Refinery

Instruments
Oil
Share

Troops from the Presidential Taskforce on Hydrocarbon Crimes have discovered an illegal oil production site in Bonny Island, Rivers State, Nigeria.

The discovery was made after an intensive surveillance operation in the area aimed at ridding the environment of criminal elements.

The site is estimated to process about 40,000 litres of crude oil daily and is considered one of the agency's major breakthroughs since its inception.

Commanding Officer Stanley Umeh described the discovery as a significant achievement for the agency, while head of the investigation team CSP Umar Sani called for stricter penalties to deter offenders.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc