Breaking

“Stay out of Oyo affairs” — Think Yoruba First fires warning at Nonentity Igbo group over comments on Olubadan stool, political matters “Genocidal and diabolical” — Think Yoruba First blasts Farooq Kperogi over claims that Ilorin, Shao, Jebba are not Yoruba towns 🇳🇬📚 Ridwan Ajayi emerges new NANS JCC Lagos chairman after 5-5 tiebreaker vote — 10 tertiary institutions participated 🇳🇬📜 130 CIVIL SOCIETY GROUPS PETITION KWARA GOVERNOR OVER DELAY OF BAALE’S UPGRADE LETTER — ACCUSE COMMISSIONER OF BLOCKING ELEVATION ON OBAS’ ORDERS! 🇳🇬🎀 RIHANNA WEARS YORUBA GELE — A Global Icon Embraces Our Heritage, Proving Gele Will Never Be Reduced to a Slur! 🇳🇬🔥 FAVORITISM UNMASKED: Seyi Tinubu Empowers Imo Youth With Freezers, Gives Yorubaland Rice and Foodstuffs That Will Finish in a Week — Is It Because His Wife Is Igbo? The first revelation landed like a thunderbolt. Ella, the face of the campaign against Omotoso, had privately apologized to him. That apology never made it online. According to the Commissioner, it was omitted because it did not serve what he described as a calculated clout-chasing agenda. The public was fed a version of events designed to provoke outrage, not inform discourse. 🇳🇬💔 2000 KADUNA RELIGIOUS CRISIS: When Sharia Introduction Sparked Bloodshed — Over 500 Feared Dead, Churches, Mosques, Businesses Razed! The first revelation landed like a thunderbolt. Ella, the face of the campaign against Omotoso, had privately apologized to him. That apology never made it online. According to the Commissioner, it was omitted because it did not serve what he described as a calculated clout-chasing agenda. The public was fed a version of events designed to provoke outrage, not inform discourse.

NEWS

Nigeria begins historic crude oil sales in Naira

October 6, 2024 • 1 min read

October 06, 2024

By Samuel Ogunsona

Nigeria has taken a significant step towards economic growth and self-sufficiency by commencing the sale of crude oil and refined petroleum products in Naira as of October 1, 2024.

This groundbreaking move, announced by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Saturday, October 5, 2024, is in line with the Federal Executive Council (FEC) directive.

The Implementation Committee, chaired by the Honourable Minister of Finance, reviewed the progress of the Crude Oil and Refined Products Sales in Naira initiative.

“The sale of crude oil and refined products in Naira has officially begun as directed by the Federal Executive Council. This initiative marks a bold step towards economic sustainability and currency stability,” Edun stated.

Key stakeholders, including the Honourable Minister of State, Petroleum (Oil), and representatives from the Nigerian National Petroleum Company (NNPC) and Dangote Group, affirmed the commencement of this strategic initiative.

This bold step by the President Bola Ahmed Tinubu-led Administration is expected to have a lasting impact on Nigeria’s economy, fostering growth, stability, and self-sufficiency. The country’s ability to navigate global market complexities will be enhanced, positioning Nigeria for success in the years to come.