SOUTH AFRICA SAYS US MISREPRESENTED ITS POLICIES AFTER VISA CURBS. (PHOTO).

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 South Africa says US misrepresented its policies after visa curbs South Africa's foreign ministry said on Wednesday that it ‌had noted with concern U.S. visa restrictions on some people from South Africa announced by U.S. Secretary of State Marco Rubio a day earlier. The foreign ministry added in a statement that ⁠the U.S. announcement aligned with "the mischaracterisation of South Africa's domestic policies by fringe groups". "We maintain that challenges in our bilateral relations with the USA can only be resolved by constructive engagement through state actors on both sides of the diplomatic channel not unilateral acts," the statement said, Reuters reported. Trump has repeatedly criticized ‌South ⁠Africa since the start of his second term for what he falsely claims is the racial persecution of its white minority, citing affirmative action laws aimed at ⁠addressing the inequality that has persisted since apartheid. It was not clear who would be impacted by...
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NAIRA-FOR-CRUDE POLICY WILL BRING DOWN PETROL PRICES — PETROAN. (PHOTO).

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 Naira-For-Crude policy will bring down petrol prices — PETROAN

 

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed strong support for the Federal Executive Council’s recent approval of the continuation of the Naira-for-Crude policy — a move the association believes could mark a turning point in the country’s energy sector.


Speaking to newsmen in Abuja, PETROAN’s National Public Relations Officer, Joseph Obele, said the association is optimistic that the policy, combined with the recent drop in global crude oil prices, will lead to more affordable fuel prices for Nigerian consumers. We want to sincerely commend the Federal Executive Council for its decision to fully implement the Naira-for-Crude policy,” Obele said.


“This is a strategic move aimed at reducing our dependence on foreign exchange, enhancing local refining capacity, and ultimately stabilizing the downstream sector.” The Naira-for-Crude policy involves the sale of crude oil to domestic refineries — such as the Dangote Refinery and others — in Naira instead of U.S. dollars.


According to PETROAN, this change will not only ease pressure on the foreign exchange market but also encourage investment in the country’s refining infrastructure and improve Nigeria’s overall energy security.


Obele praised President Bola Tinubu and other key stakeholders — including the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri; the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; the Chief Executive of NMDPRA, Engr. Farouk Ahmed; and the CEO of NUPRC, Gbenga Komolafe — for their leadership and commitment to reforms that prioritize the needs of Nigerian consumers.

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