BREAKING
NGX All-Share Index gains 412 points — MTN, Zenith, GTCo top movers CBN holds MPR at 27.5% — rate cuts possible Q3 2026 Dangote Refinery begins export of refined petroleum products SEC Nigeria approves new digital assets trading framework NGX All-Share Index gains 412 points — MTN, Zenith, GTCo top movers CBN holds MPR at 27.5% — rate cuts possible Q3 2026
LIVE
NGX 104,562 ▲0.42% | USD/NGN ₦1,614 ▼0.12% | BTC $84,210 ▲1.24% | DANGCEM ₦412 ▲1.10% | GTCO ₦58.45 ▲0.77% | MTNN ₦224.80 ▼0.31% | ZENITH ₦42.15 ▲0.60% | NGX 104,562 ▲0.42% | USD/NGN ₦1,614 ▼0.12% | BTC $84,210 ▲1.24%
₦90K
Weekly Giveaway — 5 Winners Every Week
1st: ₦50K  |  2nd–5th: ₦10K each  |  Be active to win
1,103Members
19,706Threads
26,424Posts
JOIN NOW

Oil sabotage in Nigeria

  • Weekly Giveaway for our active users. N50,000 per Week. Do you want to contribute to this community? We are looking for contribution? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing Nigerian forum!

Paul iyang

Member
May 6, 2020
46
7
8
20
Miners association in Nigeria are against the importation of Barite; a mineral used in drilling oil mod that can be sourced locally. This is a direct disruption of the FG policy on 60% Barite to be sourced locally.
the Chairman of the association, Prince Steve Alao said;
“We have gone beyond the issue of quality of Nigerian-made barite; our barite is of good quality.

“Unfortunately, this issue has always been what these economic saboteurs use as an excuse for importing barite from their home countries.

“If the barite produced in Nigeria is utilised effectively, it will save a lot of cost in oil production. Barite importation is economic sabotage, as it leads to capital flight. Besides, they import from their parent countries.