‎‎NAF RECEIVES FIVE NEW HELICOPTERS AS FG ACCELERATES AIRPOWER MODERNISATION. (PHOTO).

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 ‎‎NAF RECEIVES FIVE NEW HELICOPTERS AS FG ACCELERATES AIRPOWER MODERNISATION ‎ The Nigerian Air Force (NAF) has taken delivery of five new helicopters as the Federal Government accelerates efforts to modernize Nigeria’s airpower capabilities and strengthen the Armed Forces’ capacity to respond effectively to contemporary security challenges.  ‎ ‎A statement by the Director of Public Relations and Information Air Commodore Ehimen Ejodame indicates that the platforms comprise three AW-109 Trekker B helicopters  and two H-125 helicopters. ‎ The three AW-109s, which form part of 10 recently acquired by the Federal Government, were received in Lagos on 15 September 2026, with the remaining seven expected to be delivered before the end of 2026. ‎ ‎The Chief of the Air Staff, Air Marshal Sunday Aneke, described the acquisition as another significant milestone in the Federal Government’s sustained investment in the modernization and re-equipment of the NAF noting that the new pl...
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VENEZUELA COLLECTS FIRST PAYMENTS FROM US OIL EXPORTS. (PHOTO).

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 Venezuela collects first payments from US oil exports

Venezuela received $300 million on Tuesday as the first installment from oil sales to the United States, interim President Delcy Rodriguez announced on social media. The payment is part of a larger $500 million deal announced by President Donald Trump following the U.S. capture of President Nicolas Maduro on Jan. 3. Rodriguez said the funds will be routed through Venezuela’s national banking system and the Central Bank to support workers’ purchasing power and stabilize the foreign exchange market amid ongoing inflation.

The oil agreement came after negotiations between Caracas and Washington, allowing the U.S. to manage up to 50 million barrels of Venezuelan crude while maintaining control over commercialization and revenue management. Jorge Rodriguez, president of Venezuela’s National Assembly, emphasized that the legislature aims to pass laws aligned with the country’s new economic reality, including reforms to the Organic Law of Hydrocarbons. He highlighted the Chevron model as a potential framework for boosting oil production despite sanctions, under which Chevron operates joint ventures with the state oil company PDVSA while the state retains a majority stake. This model, permitted through special U.S. licenses and Venezuela’s Anti-Blockade Law, has allowed limited foreign investment but created legal ambiguities under traditional oil law.


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