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BREAKING: Tinubu orders NNPC to sell crude to Dangote Refinery in Naira The Special Adviser to the President on Information and Publicity, Bayo Onanuga, made this known in a post via his official X handle on Monday. Onanuga stated that the move, which is to ensure the stability of the pump price of refined fuel and the dollar-Naira exchange rate, was adopted by the Federal Executive Council today. The Dangote Refinery, at the moment, requires 15 cargoes of crude, at a cost of $13.5 billion yearly. NNPC has committed to supply four. However, the FEC has approved that the 450,000 barrels meant for domestic consumption be offered in Naira to Nigerian refineries, using the Dangote refinery as a pilot. The statement added, “The exchange rate will be fixed for the duration of this transaction. “Afreximbank and other settlement banks in Nigeria will facilitate the trade between Dangote and NNPC Limited. The game-changing intervention will eliminate the need for international letters of credit, further saving the country of dollar payments.” |
This is not at all alarming, it's a remark possibly intended to get more information/positioning on the strategic steps of those managing Nigeria's foreign reserves. -CBN). These figures are estimate that considers the recent borrowing against reserves and currency swaps. JP Morgan believes the real reserve is smaller due to these factors. They adjusted the total forex reserves by including their own $5 billion in International Monetary Fund Special Drawing Rights (SDR), resulting in about $37.8 billion in total gross reserves. The CBN i believe will handle the pressure despite low reserves because of profitable swap arrangements with banks. We have changed guard and policy, we should expect a recalibration or balancing act, the news has both positive and negative aspects. On one hand, the fact that Nigeria is engaging in swap deals, futures contracts, and forward contracts suggests that the country is taking proactive steps to manage its foreign exchange reserves and financial stability. These financial instruments provide a level of flexibility and risk management in dealing with currency fluctuations and economic challenges. For me, this news is calling for more info, audience, business or reminder to the Govt to respond in particular way or manner. Thats why its out in the public dormain |
Amateur Short video
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TeeGentle:Not always the Case, in Telecoms if Glo takes you back , you are a millionaire instantly |
Kwanza: |
christejames: |
Lagoon Hospital Apapa a little bit expensive LUTH Idiaraba babatee55: |
Dear Sir, Do you have a Toyota Tacoma 2008 and Toyota Sieena 2006 upwards. Whats the cost to Lagos Nigeria |
whats your best Price? |
what a story .....life is full of ups & down, focus on the End its always ends well. chrisifeanyi: |
i call on all the Pastors in the land to help Wake this Man Pastor, Adeboye, Pastor Oyedepo, Pastor Oritjes, Pastor Suleiman et al. Please use your powers and resurrect him biko |
he should relocate from where he committed crime and start a new life. He should learn a trade and live on his means |
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3- air-crafts are back in the sky this night 31st July hovering around the creeks, Wawa, Arepo, Ibafo, Ikorodu areas. Mixed feelings as we all go indoors, no missile launches yet. |
I pity young lads who don't know the difference between ARMY and militants. its like comparing throwing stones to missile from a plane. i pity those who will fall and counted as collateral damage. |
those ambulances and Fire trucks were possibly to carry out rescue operations for those caught in line of bombardments, busted pipelines,burning bushes. Counted (3) jets in the sky bombing from different directions and helicopter gunships also firing from low points,the targets were those areas of Arepo/Ikorodu water link and Arepo/Magboro/Ibafo water linked areas . They were fired on repeatedly, towards thick creeks while one plane hovers above. The sound and bombardments are so loud and frightening, War is not a child's play. Nobody thought Nigerian Air-force will attempt bombings near oil facilities. People whose houses are near these places will require immediate relocation for the time beng , their house foundations will have received damaging shocks. Some are already packing few belongings to sleep elsewhere till official news bulletin on what happened here is analysed. |
First time i will see live Fighter jets on top speed firing missile at a height slightly above three story building. The militants have no protector against this superior aerial bombardments. Never knew that Nigerian Air-force had Helicopter Gunships, Spy plane and Bombardier Jet fighter planes. Houses were shaken by the strikes of missiles, its better watched that imagine. This is real War film without editing. |
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This is grossly not enough, we should start enjoying "PAY AS YOU GO" or per viewership . The Telecomms have made it fair with per sec billing, While not the "pay Per sec Viewship" |
You don't quit Jobs because of a Manager, You quit job because you have something more better ahead. Endure more, sooner or later Nemesis is sure to catch up with them. Your Victory dance may just be around the corner. |
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