MALIAN ARMY WITHDRAWS FROM KEY TESSALIT MILITARY CAMP. (PHOTO).

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 Malian army withdraws from key Tessalit military camp: sources Mali’s army and its Russian mercenary allies have surrendered Camp Tessalit, a strategic military post in the north, multiple sources told the AFP news agency on Friday. An official from the Tuareg-led separatist group claimed soldiers and mercenaries at the camp had "surrendered", following a fierce fight over the weekend. Simultaneous attacks in Mali by militants linked to Al Qaeda and separatist Tuareg rebels on April 25 showed how fighters ​from different groups with different goals were able to strike at the heart of the West African country's military government. Gunfire and explosions were reported in the capital Bamako and around a large military base outside the capital, as well as Gao and central areas, as gunfire continuing in the northern city of Kidal. Defence minister Sadio Camara was killed at his residence in Kati, a garrison town near the capital, Bamako, following the fierce weekend fighting...
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TINUBU OFFERS LIFELINE TO DANGOTE REFINERY, NNPC TO SELL CRUDE TO IT IN NAIRA. (PHOTO).

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  Tinubu offers lifeline to Dangote Refinery, NNPC to sell crude to it in Naira 


President Bola Tinubu has directed the Nigerian National Petroleum Company Limited to sell crude to Dangote Refinery and other upcoming refineries 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.


 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.”

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