NAIRA-FOR-CRUDE POLICY REMAINS IN PLACE- CHAIRMAN, TECHNICAL SUB-COMMITTEE. (PHOTO).#PRESS RELEASE

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 Naira-for-crude policy remains in place----chairman, Technical Sub-Committee Our attention has been drawn to reports doing the rounds and suggesting that the naira-based crude oil supply arrangement with local refineries has been discontinued, forcing the domestic refineries to rely solely on international crude purchases.  These reports do not reflect the realities of the ongoing work under the Federal Executive Council Initiative on Domestic Sales of Crude Oil and Refined Products in Naira. As the committee driving the implementation of this laudable initiative, we wish to provide an update on the Federal Executive Council initiative and confirm as follows: o       The Naira-Based Domestic Sales Framework Remains in Place The policy framework enabling the sale of crude oil in naira for domestic refining remains in force. The initiative was designed to ensure supply stability and optimize the utilisation of local refining capacity. There has been no decis...
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UN CALLS FOR CREDIBLE PROBE INTO ISRAELI ATTACK ON TRT TEAM. (PHOTO).

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 Live Updates: UN calls for credible probe into Israeli attack on TRT team


Israel's war on besieged Palestinians of Gaza — now in its 189th day — has killed at least 33,545 Palestinians and wounded 76,094 others as UNSC fails to reach consensus on Palestine's bid for full membership.

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