The PUNCH: The supply of crude oil in naira to the Dangote Petroleum Refinery by the Nigerian National Petroleum Company Limited is to last for six months in the first instance, pending a further review by the Technical Sub-Committee on Domestic Sales of Crude Oil in Local Currency. Multiple sources from the committee and the Dangote refinery confirmed on Monday that the naira-for-crude deal would last six months in the first phase because crude oil, being an international product, is priced in dollars.
Vanguard: No fewer than five persons were feared dead yesterday, following gunfire at different local government council secretariats in Rivers State by thugs. Newly sworn-in chairmen of some of the LGAs were also chased out of their offices by the marauding thugs. This came as President Bola Tinubu directed the police to provide security to the LG officials, restore and maintain peace, law and order immediately.
The Nation: President Bola Ahmed Tinubu gave marching orders yesterday to Inspector-General of Police (IGP) Kayode Egbetokun to immediately restore peace, law and order in Rivers State. The directive followed the arson and explosions recorded in some local government secretariats.
Daily Trust: Petrol price is likely to rise again following the decision by the Nigerian National Petroleum Company Limited (NNPCL) to end its exclusive offtake agreement with the Dangote Refinery, allowing other marketers to buy the product directly from the facility.
