General News
Tinubu Directs NNPC To Sell Crude To Dangote Refinery, Others In Naira
President Bola Tinubu has proposed the Nigerian National Petroleum Company (NNPC) Limited sell crude oil to Dangote Petroleum Refinery and other refineries in naira.
The Special Adviser on Information and Strategy to the President, Bayo Onanuga said the proposal was adopted by the Federal Executive Council (FEC).
“To ensure the stability of the pump price of refined fuel and the dollar-Naira exchange rate, the Federal Executive Council today adopted a proposal by President Tinubu to sell crude to Dangote Refinery and other upcoming refineries in Naira,” Onanuga said.
“Dangote Refinery at the moment requires 15 cargoes of crude, at a cost of $13.5 billion yearly. NNPC has committed to supply four.
“But 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 pilot. The exchange rate will be fixed for the duration of this transaction.”
Onanuga said the African Export-Import Bank (Afreximbank) and other settlement banks in Nigeria will facilitate the trade between Dangote and NNPC.
The game changing intervention will eliminate the need for international letter of credit, further saving the country of dollar payments,” the spokesperson said.
The decision followed the dispute between Dangote refinery, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
General News
OBYC Worldwide fault Ineife led IYC over planned protest against Bayelsà Industrialist. ….urges IYC to respect for Court Process
By David Owei,Bayelsa
The Ogbia Brotherhood Youth Council (OBYC) Worldwide has condemned the planned protest over the legal dispute involving Azikel Group President, Dr. Azibapu Godbless Eruani, CFR, and Mr. Kariyai Daukoru, describing the action as unnecessary while the matter remains before a competent court.
OBYC, in a statement issued on Saturday and made available to newsmen, urged Ijaw Youth Council (IYC) Central Zone Chairman, Comrade Peres Ineife, to suspend the proposed protest and allow the judicial process to run its course.
It also appealed to the newly elected IYC Worldwide President, Dr. Doubra Collins Okotete, to promote dialogue and reconciliation among the parties involved in the Aviation Training initiative.
OBYC maintained that Dr. Eruani’s aviation training initiative was a philanthropic programme designed to empower Bayelsa youths and rejected allegations that he intended to victimise anyone.
The Council further called on Ijaw youths, political leaders and stakeholders to exercise restraint, respect the rule of law, and avoid actions capable of undermining the judiciary or disrupting peace.
General News
OBYC Worldwide fault Ineife led IYC over planned protest against Bayelsà Industrialist. ….urges IYC to respect for Court Process The Ogbia Brotherhood Youth Council (OBYC) Worldwide has condemned the planned protest over the legal dispute involving Azikel Group President, Dr. Azibapu Godbless Eruani, CFR, and Mr. Kariyai Daukoru, describing the action as unnecessary while the matter remains before a competent court. OBYC, in a statement issued on Saturday and made available to newsmen, urged Ijaw Youth Council (IYC) Central Zone Chairman, Comrade Peres Ineife, to suspend the proposed protest and allow the judicial process to run its course. It also appealed to the newly elected IYC Worldwide President, Dr. Doubra Collins Okotete, to promote dialogue and reconciliation among the parties involved in the Aviation Training initiative. OBYC maintained that Dr. Eruani’s aviation training initiative was a philanthropic programme designed to empower Bayelsa youths and rejected allegations that he intended to victimise anyone. The Council further called on Ijaw youths, political leaders and stakeholders to exercise restraint, respect the rule of law, and avoid actions capable of undermining the judiciary or disrupting peace.
By David Owei,Bayelsa
The Ogbia Brotherhood Youth Council (OBYC) Worldwide has condemned the planned protest over the legal dispute involving Azikel Group President, Dr. Azibapu Godbless Eruani, CFR, and Mr. Kariyai Daukoru, describing the action as unnecessary while the matter remains before a competent court.
OBYC, in a statement issued on Saturday and made available to newsmen, urged Ijaw Youth Council (IYC) Central Zone Chairman, Comrade Peres Ineife, to suspend the proposed protest and allow the judicial process to run its course.
It also appealed to the newly elected IYC Worldwide President, Dr. Doubra Collins Okotete, to promote dialogue and reconciliation among the parties involved in the Aviation Training initiative.
OBYC maintained that Dr. Eruani’s aviation training initiative was a philanthropic programme designed to empower Bayelsa youths and rejected allegations that he intended to victimise anyone.
The Council further called on Ijaw youths, political leaders and stakeholders to exercise restraint, respect the rule of law, and avoid actions capable of undermining the judiciary or disrupting peace.
General News
Two Fishermen Fear Dead ln Bayelsa Ocean
By David Owei,Bayelsa
Two fishermen have been declared missing after their boat capsized off the coast of Opu-Okumbiri in Brass Local Government Area of Bayelsa State.
It was gathered that the missing fishermen were identified as Elder Sunday Sample Timothy and his assistant, Mr. Avarada.
According to a source, Chief Saturday Akimi-Omunhuo, a community leader, the two men left for a fishing expedition at about 1:00 a.m. on Friday when the outboard engine of their fishing boat reportedly developed a fault while they were far out at sea.
Chief Akimi-Omunhuo said a rescue boat towed the disabled vessel toward the continental shelf and the Atlantic coastline. However, as they approached the shore, strong waves reportedly capsized the faulty boat, throwing the two fishermen into the water.
He narrated that the rescue boat and those aboard reached the shore safely, but the two fishermen have remained missing.
Community members were said to immediately launch a search operation along the coastline and surrounding waters. The search team later recovered the fishermen’s fishing gear, but there was no sign of the missing men as of the time of filing this report.
Chief Akimi-Omunhuo described the incident as tragic, noting that similar accidents have occurred over the years in the coastal communities.
He appealed to the Brass Local Government Council, the Bayelsa State Government, the Federal Government and relevant stakeholders to provide improved safety equipment, weather monitoring systems and other support for fishing communities whose livelihoods depend on the sea.
“Our people depend on fishing for survival. We need better safety measures to reduce the loss of lives on our waterways,” he said.
Search efforts for the two missing fishermen were still ongoing at the time of this report.
Authorities were yet to issue an official statement on the incident.
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