Edun Confirms Sale of Crude Oil, Refined Petroleum Products in Naira for Currency Stability Ejiofor Alike The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun yesterday confirmed the sale of crude oil
and refined petroleum products in naira in a historic move that would reduce pressure on the dollar, and ensure the stability of the local currency. Edun, in a statement, announced
that in line with the Federal Executive Council (FEC) directive, the sale of the products in naira commenced on October 1. Speaking after a postcommencement review meeting,
Edun disclosed that the key stakeholders assured of the commencement of the strategic initiative. The review meeting was held to assess the progress of the
“crude oil and refined products sales in naira” initiative and the consensus reached highlighted the government’s commitment to seeing the plan through. “The sale of crude oil and
refined products in Naira has officially begun as directed by the Federal Executive Council. This initiative marks a bold step Continued on page 5
Despite Headwinds, GTCO, Zenith, Ecobank, Nine Other Listed Banks Generate N3.81tn Profit in H1 2024…Page 5 Sunday, October 6, 2024 Vol 29. No 10763
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Tinubu Must Be Supported at All Costs, Osoba Tells South-west APC Leaders I'm focused on prosperity of Nigeria, not next elections, says president
Segun James A former Governor of Ogun State,
Chief Segun Osoba, has declared that the South-west must support President Bola Tinubu’s administration
unequivocally, no matter the price to be paid. This is just as President Tinubu
has stated that he was focused on the future and prosperity of Nigeria and not future elections.
Speaking at the All Progressives Congress (APC) South-west Zone Assembly meeting held at the Eko
Hotels and Suites, Lagos, Osoba Continued on page 5
Fubara’s Proxy Party, APP, Wins 22 Chairmanship Seats in Rivers LG Polls Rivers political events mirror past crisis in western region, Jonathan warns APC, PDP factions fail to stop elections Explosions rock Rivers APC secretariat, Obio/Akpor LG council Chuks Okocha in Abuja and Blessing Ibunge in Port Harcourt The Action Peoples Party (APP) was yesterday declared winner of 22 chairmanship seats in Rivers State as Governor Siminalayi Fubara defied all odds and conducted local government elections, despite protests by members of the Peoples Democratic Party (PDP) and All Progressives Congress (APC), and the refusal of the police to provide security, citing
a ruling by the Federal High Court. This is coming as former President Goodluck Jonathan compared the current political crisis in Rivers State to the crisis of the old Western region and called on security agencies to wade into the political situation in the state to forestall a breakdown of law and order. The supporters of APC and PDP loyal to the Minister of Federal Capital Continued on page 5
Alake Kicks against State Govts’ AZINGE CROWNED 14TH ASAGBA OF ASABA… Onihe of Asaba, Chief Ubaka Atu; 14th Asagba of Asaba, Obi Professor Epiphany Azinge (SAN); and his wife, Agu Nwanyi Valerie Interference in Mining Operations…Page 6 L-R: Azinge (SAN), during the coronation of Obi Azinge at the Asagba’s Palace in Asaba…yesterday