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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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Bandits, Terrorists Do Not Keep Promises — Defence Minister Warns Against Negotiations

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Nigeria’s Defence Minister, General Christopher Musa (rtd), has strongly cautioned against negotiating with bandits and terrorists, describing such efforts as deceptive and counterproductive.
According to him, criminal groups do not honour agreements and often use negotiations as a tactic to buy time before launching fresh attacks. He cited past incidents, including in Katsina State, as examples where dialogue failed despite repeated warnings.
“These people do not understand negotiation. It is nothing but deception. When they come to negotiate, they are only seeking an advantage, and once it is granted, they turn around and attack again,” he said.
The Defence Minister urged both the public and government authorities to discontinue any form of engagement with bandits and terrorists, insisting that such groups have no regard for truth or accountability.
“They never keep their word. They lie, do not fear God, and will always return after negotiations,” Musa added.

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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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