• Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us
Federal Character
No Result
View All Result
Federal Character
  • Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us
No Result
View All Result
Federal Character
No Result
View All Result
FG Commences Crude Oil Sales in Naira, Targets Economic Growth

FG Commences Crude Oil Sales in Naira, Targets Economic Growth

Nnaemeka OkwarabyNnaemeka Okwara
2 years ago
in News
Reading Time: 1 min read
A A
0
Facebook ShareWhatsapp ShareX Share

The Nigerian government has commenced the sale of  crude oil using the Naira currency, starting from October 1, 2024, according to Finance Minister Wale Edun.

This development comes after President Bola Tinubu ordered that crude oil be sold to Dangote and other refiners in Naira, with the goal of lowering petrol prices and alleviating the dollar’s impact.

According to Edun, “Nigeria has officially begun selling crude oil and refined petroleum products in Naira, following the Federal Executive Council’s order.”

The plan aims to boost economic growth, stability, and self-reliance, especially given the uncertainties in the global market.

Edun added, “This strategic decision sets Nigeria up for success in the future.”

The Implementation Committee, led by Edun, reviewed the start of this new initiative and confirmed its successful launch.

Tags: crude oilfederal characterFG Commences Crude Oil Sales in NairagovernmentNairaNewsTargets Economic Growth
Share234SendTweet146
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking. Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation. As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

Related Stories

Qatar: Explosion at Ras Laffan Gas Terminal Hurts 54, Leaves 18 Missing as Restart Attempt Fails

Qatar: Explosion at Ras Laffan Gas Terminal Hurts 54, Leaves 18 Missing as Restart Attempt Fails

bySomto Nwanolue
0

An explosion tore through Qatar's key natural gas export terminal Sunday night as workers tried to resume operations there after Iran bombed it during the war, causing a...

Severe Heatwave Prompts Alcohol Ban at Festival Events in France

Severe Heatwave Prompts Alcohol Ban at Festival Events in France

byAyobami Owolabi
0

France has restricted alcohol sales at certain events during a major national music festival on Sunday, as a severe heatwave drives temperatures close to record highs. France’s annual...

Transgender Health Group Faces FTC Lawsuit Over Gender-Affirming Care Allegations

Transgender Health Group Faces FTC Lawsuit Over Gender-Affirming Care Allegations

byAyobami Owolabi
0

On Wednesday, the Federal Trade Commission joined four U.S. states in filing a lawsuit against the World Professional Association for Transgender Health, marking the latest effort by Donald...

Bombardier Global 8000 Debuts in Africa With Delivery to BUA Group Chairman Rabiu

Bombardier Global 8000 Debuts in Africa With Delivery to BUA Group Chairman Rabiu

byAyobami Owolabi
0

A private jet owned by Abdulsamad Rabiu, Africa’s third-richest man, has been confirmed by Bombardier as the first delivery of its flagship Global 8000 in Africa. The aircraft’s...

Next Post
Governor Fubara to Swear in Newly Elected Local Government Chairmen

Governor Fubara to Swear in Newly Elected Local Government Chairmen

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We bring to you precise and factual news

Recent Posts

  • Judge Blocks Trump Subpoenas Targeting Gov. Walz and Mayor Frey
  • Supreme Court Voting Rights Ruling Ends Key Protections in 7 States
  • Who is Andy Burnham? Meet Keir Starmer’s Likely Replacement

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Sports
  • Tech

Weekly Newsletter

  • About Federal Character
  • Advertise With Us
  • Cookie Policy

Copyright © FederalCharacter.com 2026 .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us

Copyright © FederalCharacter.com 2026 .