Audio By Carbonatix
Nigeria is to deploy drones to monitor the movement of ships in an effort to curb the rampant oil theft in the country, the state oil firm says.
Nigerian National Petroleum Corporation (NNPC) says it wants to end crude theft in the next eight months.
Nigeria is Africa's biggest crude producer but its revenue is severely reduced by theft and attacks on oil pipelines.
New President Muhammadu Buhari has vowed to clean up the industry.
Oil generates around 70% of government revenues in Africa's biggest economy.
But a 2013 report by think tank Chatham House said that 100,000 barrels per day were being stolen.
That was equivalent to 5% of Nigeria's daily production.
It said the theft was occurring on an "industrial scale", with small barges transferring stolen oil to tankers waiting offshore to take it to international markets.
Senior politicians and military officers are said to be involved in the illegal trade.
The new head of NNPC Ibe Kachikwu also said the company would work more closely with Nigeria's navy to tackle the problem.
Latest Stories
-
Four suspects arrested in fatal kidnapping attempt near Chereponi
14 minutes -
Sankofa Pan-African Committee honours Temple of Rabbi leader as ‘Custodian of Peace’
18 minutes -
Obuasi Trade Show records high turn-out and strong impact
33 minutes -
‘Obroni wawu’ – The paradise of waste: Where Charity becomes a curse
48 minutes -
38 arrested in intelligence-led police operations across parts of Tema Region
58 minutes -
Experts say missing engine part in most Ghanaian vehicles polluting air, sickening people
2 hours -
India express train kills seven elephants crossing tracks
2 hours -
Gunmen kill nine in South Africa tavern attack
2 hours -
Charting a New Course for National Prosperity: Why an open ship registry can anchor Ghana’s twenty-four-hour economy vision
2 hours -
Ghana Airways restoration key to national pride and economic reset – Ablakwa Â
3 hours -
US seizes second oil tanker off Venezuela’s coast
3 hours -
Australian PM announces intelligence review as country mourns Bondi attack
3 hours -
Imran Khan and wife given further jail terms after state gift fraud case
3 hours -
5 perish in fatal collision on Cape Coast–Takoradi Highway
4 hours -
Poultry imports driving egg glut – GAPFA
4 hours
