ATIKU APOLOGIZES TO NIGERIAN TEACHERS, CITING 'FAILED LEADERSHIP' AMID ECONOMIC HARDSHIP. (PHOTO).

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 Atiku Apologizes to Nigerian Teachers, Citing 'Failed Leadership' Amid Economic Hardship Abuja, Nigeria - Former Vice President and Presidential Candidate of the African Democratic Congress, Atiku Abubakar, has issued a heartfelt apology to Nigerian teachers, attributing their current economic plight to what he described as the 'failed leadership' of the nation. In a statement released on Monday by his spokesperson, Abubakar expressed deep concern over the escalating cost of living, which he stated is severely hindering teachers' ability to provide for their families and effectively carry out their crucial educational duties. Abubakar, a staunch advocate for education, took a moment to laud the immense sacrifices made by Nigerian educators. Reflecting on his own formative years, he shared a personal connection to the teaching profession. "Of course, I appreciate Nigerian teachers. I am a product of their work and the education I received in their classrooms,...
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DANGOTE REFINERY TO IMPORT CRUDE FROM BRAZIL- REPORT. (PHOTO).

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 Dangote refinery to import crude from Brazil – Report


Dangote Petroleum Refinery is set to import a cargo of Brazilian crude, Bloomberg reported on Friday.

It said this would add to the large number of overseas barrels of crude feedstock that the Nigerian firm was importing.

Indigenous crude oil refiners, including Dangote refinery and modular refineries, as well as local crude producers have repeatedly raised concerns about the low crude oil output from Nigeria.

Although the government, through the Nigerian Upstream Petroleum Regulatory Commission, has been making efforts to tackle this, oil production from Nigeria has remained low.

This has made it tough for local refiners to get crude, as bulk of the oil produced in-country are exported due to earlier arranged contracts with International Oil Companies operating in Nigeria and the Nigerian National Petroleum Company Limited.

Bloomberg reported on Friday that traders with knowledge of the matter stated that Dangote refinery, which is still ramping up to full capacity, would receive a shipment of one million barrels of Tupi crude from Brazil for delivery in the second half of next month.

“The refinery, billed as pivotal in ending Nigeria’s dependence on foreign fuel, has already snapped up millions of barrels of American crude,” the report by the media organisation stated.

It stated that the purchases of non-Nigerian barrels likely reflect the most competitively priced, suitable cargoes.

The traders said the cargo was sold by Petrobras, a state-owned Brazilian multinational corporation.

Bloomberg said officials at the company, and one at Dangote, did not immediately respond to requests for comment.

Quoting data from the Latin American country’s commerce ministry, the publication said it was the first time that Brazil had exported oil to Nigeria.

Dangote refinery recently purchased five million barrels of US crude scheduled for delivery next month and in September.

It was reported in May this year that the refinery planned a purchase of 24 million barrels of crude from the US for over a year.

Modular refiners had also stated that crude importation would linger until Nigeria produces enough barrels to meet both domestic demand and exports.

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