Naira-for-Crude Deal: We are Renegotiating, Not Cancelling Agreement, Says NNPC Discloses 48m barrels of oil supplied Dangote since October 2024 Zacch Adedeji-led committee says FG not mulling termination of deal
Emmanuel Addeh and James Emejo in Abuja Nigerian
National
Petroleum
Company Limited (NNPC) and the federal government yesterday said there were no plans to revoke the naira-for-crude deal with local
oil refineries, including the 650,000 barrels per day (bpd) Dangote refinery in Lagos. Both NNPC and Chairman,
Technical Sub-Committee of the Naira-for-Crude programme, Zacch Adedeji, who also heads the Federal Inland Revenue Service (FIRS), were
reacting to reports in a section of the media that the oil swap deal with domestic refiners had been cancelled.
The arrangement was introduced on October 1, 2024, and it allowed Continued on page 9
US Open to Minerals Partnerships with Democratic Republic of Congo... Page 24 Tuesday 11 March, 2025 Vol 30. No 10929. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
Ogunlewe Condemns Akpoti-Uduaghan's Suspension, Says Her Beauty is the Problem... Page 28
Presidency: El-Rufai’s Inordinate Ambition That’s Destined to Fail Made Him Leave APC
Ex-Kaduna governor insists current situation in ruling party unhealthy We won’t lose sleep in Kaduna, says state party chairman Lukman: He should’ve allowed us join SDP as group based on ongoing negotiations
Deji Elumoye, Chuks Okocha, Adedayo Akinwale in Abuja and John Shiklam in Kaduna
The presidency, yesterday, said former Kaduna State governor, Mallam Nasir El-Rufai’s inordinate
ambition was the reason he left the ruling All Progressives Congress (APC) for the opposition Social
Democratic Party (SDP), stressing that his excessive motivations are doomed to fail.
But El-Rufai insisted that the current situation in the ruling party was unhealthy, hence his decision to
quit, ending months of speculation Continued on page 9
Bagudu Says FG Has Kept to 5% Ways & Means, Edun Targets 7% Annual Growth
Budget minister says Tinubu appreciates Nigerians’ support for economic reforms States stability in FX market, downward trend in inflation evidence of reforms’ gains Insists security remains key challenge despite boost in oil production Story on page 9
STAND UP FOR THE EDUCATION CHAMPION...
L-R: Vice-Chancellor, Bamidele Olumilua University of Education, Science and Technology, Ikere-Ekiti, Ekiti State, Prof. Olufemi Adeoluwa; Pro-Chancellor, Prof. Patrick Aina; Chancellor, Chief Wale Olanipekun, SAN; Governor of Enugu State, Dr. Peter Mbah; Governor of Ekiti State, Mr. Biodun Oyebanji; and Senate Majority Leader, Senator Opeyemi Bamidele, during the conferment of an honorary Doctor of Humane Letters (DHL) degree on Governor Mbah at the maiden convocation ceremony of the university, weekend, in recognition of his exceptional leadership and radical transformation of the education sector in Enugu State