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Aliko Dangote Reveals Naira for Crude Initiative Could Slash Foreign Exchange Demand by 40%

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Aliko Dangote Reveals Naira for Crude Initiative Could Slash Foreign Exchange Demand by 40%....KINDLY READ THE FULL STORY HERE▶

Billionaire businessman Aliko Dangote has announced that the introduction of the naira for crude oil transactions will significantly reduce the demand for foreign exchange by 40 percent. This statement was made during the launch of petrol production at the Dangote refinery in Lagos.

In an interview with Arise TV, Dangote expressed gratitude to the Nigerian people and President Bola Tinubu’s administration for creating a conducive environment for business growth. “I want to salute the people of Nigeria and the government of President Bola Tinubu for creating the environment for us to thrive and also achieve this monumental task of providing energy for our people’s growth and prosperity,” he stated.

Dangote emphasized the importance of the new policy, saying, “Thank you to President Bola Tinubu for introducing the idea of Naira for crude and Naira for products. This initiative will stabilize the Naira and reduce the demand for dollars by 40 percent. Additionally, it addresses the issue of round-tripping in the currency market.”

The business mogul also highlighted the operational benefits of the refinery, noting that tracking loaded trucks would allow for more accurate computation of national fuel consumption. “With the refinery now operational, we can monitor the true consumption of Nigeria. We can track each loaded truck, and for some of our products, we can identify where they are and estimate consumption levels,” he explained.

In April, the Nigerian Federal Government announced that indigenous refineries could now purchase crude oil in either naira or dollars. This move comes alongside a report that Nigeria’s total crude oil and condensate reserves have increased to 37.5 billion barrels as of January 1, 2024, with a life index of 68.01 years.

The Dangote Refinery, once operating at full capacity, has the capability to process 650,000 barrels of oil daily, converting more than half of that output into petrol. This development is expected to enhance Nigeria’s energy sector and reduce reliance on imported fuels.

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UNICEF Breaks Silence! The Truth Behind The Viral Photos Of Messi And Baby Lamine Yamal!.

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UNICEF has officially authenticated the viral images of Lionel Messi bathing an infant Lamine Yamal, confirming they are not digitally altered.....KINDLY READ THE FULL STORY HERE▶

  • Origin: The images were captured over 18 years ago by Spanish photographer Joan Monfort during a UNICEF charity calendar photoshoot intended to raise funds.

  • Participants: The shoot featured a young Lionel Messi, the infant Lamine Yamal, and Yamal’s mother, Sheila.

  • Clarification: UNICEF addressed public skepticism and rumors of image manipulation by explicitly confirming the authenticity of the photos on their platform.

  • Current Roles: Both Messi and Yamal now serve as UNICEF Goodwill Ambassadors, utilizing their respective platforms to advocate for children’s rights globally.

  • Symbolism: Many fans view the resurfaced images as a symbolic “passing of the torch” between two football generations, a sentiment highlighted as Messi’s Argentina prepares to face Yamal’s Spain in an upcoming FIFA World Cup match.

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Ambassadorial Nomination Under Fire: Frank Tie Tie Exposes ‘Mistake’ Regarding Ex-FUOYE VC Fasina!.

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Human rights lawyer Frank Tietie has criticized the nomination and subsequent confirmation of Professor Abayomi Fasina, the former Vice-Chancellor of the Federal University, Oye-Ekiti, as a non-career ambassador designate.....KINDLY READ THE FULL STORY HERE▶

  • Prior to his confirmation, a coalition of civil society organizations protested at the National Assembly on July 7, 2026, opposing Fasina’s nomination due to pending court cases involving allegations of sexual harassment, human rights violations, and victimization.

  • Despite these protests, the Nigerian Senate officially confirmed Fasina’s appointment as a non-career ambassador on Thursday.

Frank Tietie’s Position

  • During an interview on ARISE Television, Tietie argued that nominating an individual with such “baggage” was a mistake, emphasizing that ambassadors represent Nigeria in the same capacity as the President.

  • Tietie stated that the government should have sent the “right signals” by avoiding such controversial appointments, especially given the current state of governance.

  • He argued that even in the absence of a final court judgment, the allegations themselves have “tainted” Fasina’s reputation, and the Senate should have delayed the confirmation until the legal matters were resolved.

  • Tietie also suggested that the National Assembly’s decision overlooks significant social changes regarding how such allegations are now viewed by society.

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“They Want Me Gone!” Peter Obi Speaks Out Amidst Mounting Assassination Fears!.

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Peter Obi, the 2027 presidential candidate for the Nigeria Democratic Congress (NDC), has publicly claimed that there was an orchestrated plan to assassinate him in April 2025 during a scheduled humanitarian trip to Benue State. He detailed these allegations during a high-level roundtable discussion in Berlin, Germany.....KINDLY READ THE FULL STORY HERE▶

  • The Venue: Obi made the disclosure while participating in the “Nigeria in 2027 and Beyond” roundtable, an event organized by the European Council on Foreign Relations (ECFR) in Berlin.

  • The Benue Incident: The former Anambra State governor explained that his planned outreach in Benue State was initially halted after the state government issued a cautionary directive advising him against making the trip.

  • The Attack: Obi claimed that a shootout actually occurred when he attempted to visit the location, confirming his fears of an active plot against his life.

  • Frustration Over Skepticism: Expressing deep disappointment over the state government’s handling of the situation and the public’s doubt regarding his safety, Obi challenged the skepticism. He emphatically asked, “What else do you need? Do you need somebody to die before you believe it? There was already a shootout when I tried to visit the place. Once they said, ‘Don’t come here.’ What else do you want me to tell you about the attempt on my life.”

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