Tuesday 30 July 2024



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.

 
The Nigerian National Petroleum Company Limited has been ordered to sell crude to Dangote Refinery and other upcoming refineries in Naira.
 
The order was given on Monday by President Bola Tinubu.
 
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.
 
Recall that 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.”
  
 

OR


3.               CLICK HERE TO DOWNLOAD Tony Gists Entertainment application 

       

 4.                               CLICK HERE TO DOWNLOAD Nysc dating app


5.                              CLICK HERE TO DOWNLOAD TonyGists App 3


 

6.                      CLICK HERE TO DOWNLOAD Honest Web Solution

Subscribe to Tonygists by Email

 

 

๐Ÿ‘‰ Follow Tonygists on Facebook
https://www.facebook.com/tonygiststv

๐Ÿ‘‰ FOLLOW TONYGISTS ON AUDIOMACK
https://audiomack.com/tonygists

๐Ÿ“ธ FOLLOW TONY GISTS ON INSTAGRAM;
https://instagram.com/tonygists

๐Ÿ‘ LIKE TONY GISTS FACEBOOK PAGE:
https://www.facebook.com/tonygists2

๐Ÿ’Œ CONTACT OFFICIAL TONY GISTS
Tony@tonygist.com or
tonygists2@gmail.com

๐Ÿฆ FOLLOW US ON TWITTER
https://twitter.com/tonygists1

๐Ÿ”” SUBSCRIBE BELOW
https://www.youtube.com/channel/UCcQcUQOsXxHo4t82UyjqtuQ

๐Ÿ”” Subscribe to honest web solution on youtube:

 https://bit.ly/37AJMEK

๐Ÿ’Ÿ CHAT TONY GISTS ON WHATSAPP
https://wa.me/message/I74BWBVZPQQGC1


✔️ JOIN OUR WHAT'S APP GROUP:
https://chat.whatsapp.com/5McXqrChiwP5uiWO52Rkt7

Are You On youtube? subscribe to Hot GIST Channel Latest Updates - @Hot Gist

Are You On youtube? subscribe to Gospel World (which is also owned by Tony Gists) youtube Channel Latest Updates - @Gospel world

Are you on audio mack? Follow Tonygists on audio mack to listen and download to the latest Mfm sermons Latest Updates - @Tonygists

Follow Tonygists on LinkedIn to get more jobs opportunities Latest Updates - @Tonygists

Are You On youtube? subscribe to Honest Ose Channel Latest Updates - @Honest Ose

Are You On youtube? subscribe to Honest Web Solutions Channel Latest Updates - @Honest Web Solutions

Are You On youtube? subscribe to Xtremely Honest Channel Latest Updates - @Xtremely Honest

Are You On Twitter? Follow Us Now For Latest Updates - @tonygists

Are You On FACEBOOK? Like Our Page For Latest Updates - tonygists

Are You On FACEBOOK? Join Our Group For Latest Updates And Interactions - TonyGists


© 2024 Tonygists | Portions are © 2024 Associated Press. All rights reserved. This material may be published, broadcast, rewritten, or distributed.

Share This Post Via

Related Posts

Previous
Next Post »


Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.
 


 
Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.
 
for more information click RELIANCE TRAINING AND MANAGEMENT CONSULTING

Ads