23 Years of Losses: Nigeria Bleeds $25.7bn to Crude Theft
Nigeria has lost over $25.7 billion to crude oil theft between 1999 and 2022, according to a new report that shocked the energy industry. This staggering loss spans 23 years, affecting national revenue, foreign reserves, and investor confidence. In a country heavily reliant on oil exports, such persistent theft raises urgent questions about security, governance, … Read more