Tag: #NairaForCrude
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NAIRA-FOR-CRUDE POLICY SHIELDS NIGERIA FROM GLOBAL FUEL CRISIS
While the Middle-East conflict sends oil prices soaring worldwide, Nigeria stays fuel-secure thanks to Tinubu’s local refining push. President Bola Tinubu’s naira-for-crude policy has bolstered Nigeria’s energy security amid the ongoing Middle-East crisis, a presidential aide has revealed. Temitope Ajayi, SSA on Media, highlighted how the initiative—allowing NNPC to sell crude to local refiners in…
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MIDDLE EAST CRISIS: EXPERT URGES FG TO ACT FAST TO PROTECT ECONOMY
Rising global tensions could hit Nigeria’s economy hard—an expert says the government must move quickly before the impact deepens. An economic expert, Joe Nwakwue, has warned that Nigeria must act swiftly and strategically to shield its economy from the ripple effects of the ongoing Middle-East crisis. Speaking in Lagos, Nwakwue said the conflict is already…
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PETROAN CALLS FOR URGENT BOOST TO NIGERIA’S REFINERIES AMID MIDEAST CRISIS
Nigeria’s Petroleum Products Retail Outlets Owners Association (PETROAN) is urging the government to strengthen domestic refineries and ensure a steady crude supply, warning that the ongoing Middle East tensions could spike fuel prices and disrupt the local market. Dr. Billy Gillis-Harry, PETROAN President, said the crisis around the Strait of Hormuz has already sent global…
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FG REAFFIRMS STEADY PETROLEUM SUPPLY, RESOLVES DANGOTE REFINERY ISSUES
Government assures no disruption as crude-for-naira deal and worker disputes at Dangote Refinery are settled. The Federal Government has reaffirmed its commitment to a steady supply of refined petroleum products following a review by the Domestic Crude Oil and Refined Products Sales in Local Currency Initiative committee. Finance Minister Wale Edun confirmed the suspension of…
