YEMEN FIGHTING PUSHES NEARLY 3,000 TO DJIBOUTI IN LESS THAN A WEEK- UN. (PHOTO).

-
Image
Yemen fighting pushes nearly 3,000 to Djibouti in less than a week: UN    Nearly 3,000 people have fled Yemen for Djibouti in less than a week as escalating violence drives growing displacement within the country and across its borders, the UN refugee agency said Friday. “Refugees continue to arrive by boat through Obock, Khor Angar, Moulhoule and Godoria after difficult journeys in small vessels,” UNHCR representative in Djibouti Sandrine Desamours told reporters in Geneva, Anadolu Agency reported. More than half of those crossing the Bab el-Mandeb Strait are women and children, while some families have been displaced for a second time after previously fleeing Yemen during the 2015 crisis and later returning. UNHCR is preparing for at least 10,000 new arrivals but warned that capacity is rapidly diminishing. Markazi refugee village, designed for 5,000 people, was already hosting more than 2,700 Yemenis and 1,500 Eritreans. More than 100,000 people have also been displaced ins...
Post a Comment

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

-


 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 decision at the policy level to discontinue this approach nor is it being considered. After implementing the policy for some months, evidence abounds that it is the right way to go and it will continue to help the economy.


o       Local Refineries Have Not Been Excluded from Domestic Crude Supply


The engagement process for crude oil supply to domestic refineries therefore remains in place by structured agreements, balancing factors such as availability, demand, and market conditions. There is no exclusion of local refineries from access to domestic crude. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is actively ensuring compliance with the Domestic Crude Oil Obligations provisions of the Petroleum Industry Act. 


o       The Initiative Supports Competitive Pricing and Market Efficiency


The framework for domestic crude transactions is designed to promote a competitive and efficient pricing environment. 


o       The Committee Continues Its Work on Strengthening Implementation


We remain committed to ensuring the efficient execution of this initiative in line with its core objectives - enhancing local refining, reducing foreign exchange exposure, and stabilising the domestic fuel supply.


e-signed


Chairman, Technical Sub-Committee, Zacch Adedeji

Comments

Post a Comment

Popular posts from this blog

MUSICIAN HARRY-SONG,REVEALS THE FACE OF THE FEMALE FAN WHO IS THREATENING TO KILL HIM.{PHOTOS}.

-
Image
             According to Harrysong who took to his Instagram to share the photo of a lady who has been begging him to sleep with her but after he refused her offer,the lady's fangs and venom came out and she is now threatening his life.He wrote alongside a screen shot of her messages with the caption ''This has been going going on for like a month now...there's a Lady I thought was a fan.She started with all the compliments,appreciating my music and brand..then progressed to saying she's in love with me..then progressed to saying she's in love with me..then progressed to request for sex...and now she's even threatening to kill me if she doesn't ve me on her bed.As you all know am in America currently doing my tour..people around my estate also sent messages to me now,saying there's a lady looking for my house address,desperately saying she will pay anything...that she's in love with me.Her Instagram handle is @missongz wat I don't understan...
Read more

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more

THE NEW OONI OF ILE-IFE,WILL NOT EAT THE HEART OF THE LATE OONI-PALACE CHIEFS.

-
Image
                           According to the Araba of Osogboland Chief Yemi Elebuibon,debunk the rumors that the new Ooni will eat the heart of the late Ooni of Ife as custom demands,so he cleared the air when he recently said that ''The heart of the late king would not be fed to the next Ooni.The eating of the heart of a departed King by an incoming one belonged to the past.It no longer exists.People still make this insinuation because many are barred from witnessing the burial of a king.What the incoming king will eat is the heart of an animal and not that of a human.Nobody will be buried with the Ooni.Nobody would be killed for any form o sacrifice''.Thank God he clarified the part that no one will be buried with the Ooni,because the rumors going round is that the Sarun,otherwise known as Abobakun,is on the run,to escape being buried with the late Ooni of Ife.Lowa Adimula of Ife,Oba Joseph Ijaodola,who is the Head o...
Read more