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Breaking: President Tinubu offers lifeline to Dangote Refinery, NNPC to sell crude to it in Naira

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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.

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.

Afreximbank and other settlement banks in Nigeria will facilitate the trade between Dangote and NNPC Limited. The game changing intervention will eliminate the need for international letters of credit. It will also save the country of billions of dollars used in importing refined fuel.

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Anyone Opposing U.S. Strikes Is Nigeria’s Enemy or Profiting From Insecurity — Ex-General Enenche

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A former Nigerian military general, Enenche, has described opposition to United States support and strikes against terrorists as unpatriotic, insisting that such resistance only aids insecurity or serves personal interests.
Reflecting on his experience in active combat zones over two decades ago, Enenche said he witnessed firsthand the human cost of insecurity. According to him, security goes beyond the battlefield, affecting human lives, the economy, and even cyber space.
“As a military man who fought in that area over 20 years ago, I saw with my own eyes the casualties, the rage and the devastation. When you talk about security, you are talking about human security, economic security, cyber security. It affects everyone,” he said.
He welcomed the United States’ decision to support Nigeria, describing it as a positive development for the country. Enenche referenced former U.S. President Donald Trump’s commitment to assist Nigeria, noting that such cooperation signals hope rather than danger.
“America has come out boldly to say, ‘We are going to help you’. President Donald Trump said they will assist Nigeria. For me, this is the beginning of good things to come for this country,” he stated.
The retired general criticized individuals who consistently oppose foreign support, accusing them of spreading fear and pessimism.
“Where some people see negatives, we should see positives. Those who constantly project fear and pessimism, I see them as enemies of this country,” he said.
Drawing comparisons with Nigeria’s past peacekeeping missions, Enenche questioned why similar objections were not raised when Nigerian troops intervened in countries such as Liberia, Sierra Leone, and Congo.
“Anytime Nigerians cooperate and act as a team, we get results,” he added.
He further clarified that while foreign allies may not deploy ground troops, Nigeria must still take responsibility for on-ground operations, with strong backing from state and local governments.
“They may not put boots on the ground, but we must do the foot-on-ground work. We must deploy the necessary resources, and that is where state governments and local governments must support this effort,” he said.
Highlighting the sophistication of recent operations, Enenche emphasized that the strikes were intelligence-driven and precise, targeting terrorist strongholds.
“Look at the capacity, look at the weapons used. Do we have that capability? This was intelligence-driven and precise. These terrorists do not want to be followed to their staging or assembly areas,” he concluded.

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‘Give Them Their Money Directly’ — Tinubu Warns Governors Over LG Allocations

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President Bola Ahmed Tinubu has issued a stern warning to state governors over the handling of Local Government (LG) allocations, insisting that funds meant for LGs must be paid directly to them in line with the Supreme Court judgment.
Speaking on Friday at the 15th APC National Executive Committee (NEC) meeting in Abuja, Tinubu stressed that the apex court has once again made its position clear, leaving no room for ambiguity. According to him, compliance is no longer optional, as the judgment is binding on all tiers of government.
“The Supreme Court has capped it for you again, saying, ‘give them their money directly’. If you wait for my Executive Order, because I have the knife, I have the yam, I will cut it,” the President said, adding that he has chosen to be patient and respectful with governors.
However, Tinubu warned that continued delay or refusal to implement the ruling would attract consequences, noting that enforcement could begin through FAAC disbursements if necessary.
Emphasizing the rule of law, the President said the ultimate authority remains the Supreme Court and its judgment must be obeyed without excuses.
“We have to comply. We have to respect the judgment,” he concluded.

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Accord Party Welcomes Adeleke for 2026 Governorship Bid

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The Accord Party in Osun State has indicated that Governor Ademola Adeleke would be granted a waiver if he decides to contest the 2026 governorship election under its platform.

Victor Akande, Chairman of Accord Party in Osun, told The PUNCH on Sunday that Adeleke or his aides have not formally approached the party, describing speculation about a potential defection as “mere rumours.”

Accord Party has emerged as a possible platform for Adeleke’s re-election amid internal tensions in his current party, the People’s Democratic Party (PDP).

Akande said the party already has two aspirants for its ticket in the August 8, 2026 election but would welcome Adeleke if he chooses to join.

“The issue of Governor Adeleke is still a rumour. I have not met with anyone from the government about this. Accord Party is not the only option being speculated for his defection, but if he comes, we will receive him wholeheartedly,” Akande stated.

He added, “Our doors are always open. People are free to join or leave at any time. If Adeleke comes, he will receive a waiver to contest just like any other aspirant. Currently, two individuals have shown interest in running under our platform, though they have not made financial commitments yet.”

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