More
    HomeNewsOil & GasCrude oil sale in Naira commences Oct 1---  Edun

    Crude oil sale in Naira commences Oct 1—  Edun

    Published on

    spot_img

    The federal government has said the sale of crude oil to Dangote Refinery and other Nigerian refineries in Naira will start on October 1, this year.

    The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosed this in Abuja, this afternoon, at the review meeting of the Implementation Committee set up to work out the modalities for actualising President Bola Tinubu’s directive on the Naira Crude sale.

    The committee which started meeting last week consisted of top officials of the Nigerian National Petroleum Company Limited (NNPCL), Central Bank of Nigeria, Federal Inland Revenue Service, the Permanent Secretary of the Ministry of Finance, Mrs. Lydia Jafiya.

    READ ALSO: 13% Derivation: How did you spend N600bn oil-producing states fund, Dagogo queries Niger Delta Govs

    Others were representatives of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Nigerian Upstream Petroleum Regulatory Commission and the African Export-Import Bank which was involved in a futures crude oil sale arrangement with the NNPCL

    Kindly share this story:

    Contact: [email protected]

    Stay informed!
    Follow us on: X.com: @TheReporter2024
    Follow us on: Facebook: TheReporterNigeria
    WhatsApp for breaking news, updates and exclusive content. Don't miss a headline – Click below to join now!
    WHATSAPP

    Latest articles

    MUSWEN greets Muslims at Eid-el-Kabir, urges political office holders to prioritize good governance

    The Muslim Ummah of South West Nigeria (MUSWEN) has extended its heartfelt greetings to...

    Tinubu recorded many achievements in two years but Yoruba Muslims marginalised — MUSWEN

    The Muslim Ummah of South-West Nigeria (MUSWEN) has made an appraisal of President Bola...

    Police Affairs Ministry offers free healthcare to staff members

    Permanent Secretary, Ministry of Police Affairs, Dr. Anuma Ogbonnaya Nlia, has commissioned a staff...

    2027: Minister assures of women’s support for Tinubu

    Minister of Women Affairs and Social Development, Hajiya Imaan Sulaiman-Ibrahim, has affirmed that President...

    More like this

    MUSWEN greets Muslims at Eid-el-Kabir, urges political office holders to prioritize good governance

    The Muslim Ummah of South West Nigeria (MUSWEN) has extended its heartfelt greetings to...

    Tinubu recorded many achievements in two years but Yoruba Muslims marginalised — MUSWEN

    The Muslim Ummah of South-West Nigeria (MUSWEN) has made an appraisal of President Bola...

    Police Affairs Ministry offers free healthcare to staff members

    Permanent Secretary, Ministry of Police Affairs, Dr. Anuma Ogbonnaya Nlia, has commissioned a staff...