NEWS
PETROAN Backs Naira-for-Crude Policy, Hails Potential For Lower Fuel Prices
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed strong approval for the Federal Executive Council’s decision to continue the Naira-for-Crude policy, calling it a potential turning point for Nigeria’s energy sector.
In a statement to journalists in Abuja, PETROAN’s National Public Relations Officer, Joseph Obele, said the association is confident that the policy, combined with recent declines in global crude oil prices, could lead to a reduction in fuel costs for Nigerian consumers.
“We want to sincerely commend the Federal Executive Council for its decision to fully implement the Naira-for-Crude policy,” Obele said.
READ MORE: JUST IN: Dangote Refinery Cuts Petrol Price To N865 Per Litre
“This is a strategic move aimed at reducing our dependence on foreign exchange, enhancing local refining capacity, and ultimately stabilizing the downstream sector.”
The Naira-for-Crude policy allows domestic refineries, including the Dangote Refinery, to purchase crude oil in Naira instead of U.S. dollars.
PETROAN believes this shift will relieve pressure on the foreign exchange market and foster increased investment in Nigeria’s refining infrastructure, ultimately strengthening the nation’s energy security.
Obele also praised President Bola Tinubu and other key leaders, including the Minister of State for Petroleum Resources, Senator Heineken Lokpobiri; the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; and top executives at NMDPRA and NUPRC, for their commitment to reforms that prioritize the welfare of Nigerian consumers.
“This is a policy that supports local production and shields our economy from the volatility of the global oil market,” Obele said.
“When our refineries buy crude in Naira and process it locally, the cost of production reduces significantly, and that benefit can and should be passed on to end users.”
Obele also pointed out that the current global decline in crude oil prices — driven by reduced demand in major economies and increased output from non-OPEC producers — provides a unique opportunity for Nigeria to adjust local fuel prices.
He attributed the drop in oil prices to broader international economic shifts, including past U.S. trade policies that contributed to a global economic slowdown.
“President Trump’s policy of reciprocal tariffs in the past contributed to the global economic slowdown, which in turn has had a deflationary impact on oil prices,” Obele added.
Despite fluctuations in the international oil market, PETROAN remains optimistic that the Naira-for-Crude policy will shield Nigeria from external shocks.
The association expressed hope that Nigerian consumers will soon begin to experience both more stable fuel supply and reduced prices at the pump.
“With the Naira-for-Crude policy in place, we are hopeful that Nigerian consumers will soon start to feel the positive effects — not just in terms of stable supply, but in actual price reductions at the pump,” Obele concluded.
PETROAN reiterated its commitment to supporting policies that encourage local refining, conserve foreign exchange reserves, and ultimately provide lasting relief to Nigerian fuel consumers.
NEWS
Dangote, CNN Seal Multi-Year Partnership, Launch New ‘Africa Inc.’ Show
Dangote Industries Limited and CNN International Commercial (CNNIC) have entered into a multi-year global partnership to showcase African businesses, innovation and industrial development to audiences around the world.
A key part of the partnership is Dangote’s sponsorship of Africa Inc., a new half-hour programme on CNN International that will highlight African companies competing and expanding on the global stage.
SEE ALSO: Tanzania Eyes Expanded Dangote Investments in Fertiliser, Energy, Infrastructure
Hosted by Adefemi Akinsanya, Africa Inc. will examine businesses across sectors including technology, hospitality, manufacturing and entertainment, while exploring Africa’s growing influence on global commerce, innovation and consumer trends.
The programme is scheduled to premiere on CNN International on August 29, 2026, with four additional episodes planned for the remainder of 2026 and into 2027.
Bespoke Africa Inc. segments will also air every two months on CNN International, supported by digital and social media content.
The partnership will further feature branded content produced by CNNIC’s in-house studio, Create, under the Africa First series.
The series will focus on Africa’s drive towards energy independence and economic transformation through films, data-driven articles and social media content highlighting the continent’s industrial development.
Dangote Industries will be featured as one example of Africa’s industrial transformation.
The campaign will run across CNN International, CNN.com and CNN Arabic, as well as CNN Business platforms on Facebook, Instagram and LinkedIn. The Africa First content will also feature across CNN’s US television and digital platforms.
Beyond television and digital media, Dangote Industries will sponsor three editions of CNN’s new Global Perspectives events franchise over the next 12 months.
CNN International Commercial Senior Vice President for Advertising Sales, Cathy Ibal, said the partnership would help bring stories of African innovation, resilience and leadership to CNN’s international audience.
“We are pleased to once again be working with Dangote Industries Limited to tell the stories of a self-sufficient Africa,” Ibal said.
Dangote Industries Group Chief Branding and Communications Officer, Anthony Chiejina, said the collaboration was part of the conglomerate’s global brand positioning strategy.
He added that the partnership would provide a platform to showcase Dangote Industries’ Vision 2030 economic blueprint and industrialisation drive to a global audience.
The Africa First branded content is expected to launch this week, ahead of the August 29 premiere of Africa Inc. on CNN International.
NEWS
How Twins Got Jobs at NNPC Ltd in 2026
One distinguishing factor of the recruits of the NNPC Tigers Class of 2026, is the emergence of identical twin brothers, Hussaini and Hassan Malami, among them, as both secured positions at the Nigerian National Petroleum Company Limited (NNPC Ltd).
The brothers’ recruitment has also challenged a common misconception that the NNPC Ltd does not employ more than one person from the same family.
Hussaini had always desired a career at the NNPC Ltd and applied immediately when the recruitment opened. He then encouraged Hassan, his twin brother to submit an application.
Hassan, however, was initially reluctant because he believed the NNPC Ltd only hired one person per family and did not want to interfere with his brother’s ambition.
READ ALSO: Nigeria’s Energy Security Depends on Pipeline Protection
His own career aspiration was to join the Nigerian Air Force (NAF). He already worked in the banking sector and had not considered a corporate career.
His doubts were also influenced by the experience of three older siblings — a lawyer, an engineer and a business administrator — who had previously applied to the NNPC Ltd without success.
Hassan eventually applied close to the deadline following repeated encouragement from his twin.
The brothers sat for the computer-based test on the same day but in different locations, with Hussaini taking his test in Sokoto and Hassan in Kaduna.
After going through the recruitment process, including interviews, both brothers received employment letters on the same day.
“I opened the email after midnight and wanted to wake everybody up to tell them,” Hussaini laughed.
Hassan discovered the news after seeing it on the family WhatsApp group when he woke up.
He said Hussaini’s success made him nervous about his own chances.
“I was now nervous about the possibility of not being successful once Hussaini shared his news.”
Both brothers eventually secured positions at the state oil major.
Hussaini now works with the NNPC Exploration & Production Limited (NNPC E&P Limited), while Hassan is with the NNPC Gas Infrastructure Company (NGIC).
For Hassan, his new position has provided an opportunity to gain a deeper understanding of Nigeria’s gas industry.
“I didn’t know there was a whole business dedicated to transporting gas,” Hassan said. “Now I’ve seen how gas powers plants and manufacturing companies…. Hearing that gas is the future is one thing. Seeing how it is happening is another.”
Although Hassan had initially been uninterested in a corporate career, he now considers his work at the NNPC Ltd another way of serving Nigeria.
He still hopes to explore military service before reaching the age limit in 2030.
Hussaini, meanwhile, said his experience has strengthened his long-standing ambition to contribute to society. He also hopes to return to his university as a guest lecturer and share his professional experience with students.
“When I was in university, I only had one lecturer with field experience,” he said. “I want to share practical experience with students someday.”
Asked which of the NNPC Ltd’s culture transformation pillar best reflects his mindset, Hussaini selected Enterprise First.
He explained his choice by saying that “giving your best to the company is giving your best to the country.”
Hassan identified with Execution Excellence, drawing from his background as a civil engineer.
“I’m a civil engineer…. I like seeing things come to life from concept to completion.”
The twins also urged young Nigerians interested in joining the NNPC Ltd not to be discouraged by rumours about the recruitment process.
“Ignore the rumours. You don’t need to know anybody at NNPC. Apply. Take the test and earn your place.”
Their story demonstrates that being from the same family does not prevent multiple candidates from securing opportunities at the NNPC Ltd, provided they meet the requirements and successfully navigate the recruitment process.
NEWS
How Nigerian Twins Defied Recruitment Rumours to Secure NNPC Jobs
Identical Nigerian twins, Hussaini and Hassan Malami, have secured employment with the Nigerian National Petroleum Company Limited as members of the NNPC Tigers Class of 2026, after overcoming a misconception about the company’s recruitment process.
Their inspiring story was contained in a profile by Adaobi Oniwinde, Senior Communications Advisor at NNPC Limited, on Monday.
Hussaini, who had always aspired to work with NNPC, applied when the company opened its recruitment exercise and encouraged his twin brother, Hassan, to do the same.
SEE ALSO: NNPC Ltd Considers Commissioning, as AKK Gas Pipeline Lands Abuja
Hassan initially hesitated because he believed NNPC recruited only one person from a family. Concerned that applying could jeopardise his brother’s chances, he decided against it at first.
He was also more interested in joining the Nigerian Air Force and already had a job in the banking sector.
However, with the application deadline approaching and following persistent encouragement from Hussaini, Hassan eventually applied.
The brothers later took the computer-based recruitment test on the same day but at different locations, with Hussaini sitting for his test in Sokoto and Hassan taking his in Kaduna.
After going through interviews and other stages of the recruitment process, both brothers received employment letters on the same day.
Hussaini said he discovered his employment offer after midnight and was eager to share the news with his family.
“I opened the email after midnight and wanted to wake everybody up to tell them,” he said.
Hassan said he learnt about his successful application through the family WhatsApp group when he woke up.
“That’s when the pressure hit me. I was now nervous about the possibility of not being successful once Hussaini shared his news,” he said.
The twins eventually secured positions in different NNPC subsidiaries. Hussaini joined NNPC Exploration & Production Limited, while Hassan joined NNPC Gas Infrastructure Company.
For Hassan, the new job has exposed him to aspects of Nigeria’s gas industry that were previously unfamiliar to him.
“I didn’t know there was a whole business dedicated to transporting gas,” he said, explaining that his experience had given him a clearer understanding of how gas powers plants and supports manufacturing companies.
Although Hassan had initially hoped to pursue a career in the military, he now considers his role in the energy sector another form of national service.
He also said he still hoped to explore military service before reaching the age limit in 2030.
Hussaini, on his part, said working at NNPC had strengthened his desire to contribute to the development of Nigeria’s energy sector.
He also expressed interest in becoming a guest lecturer at his university in the future, saying he wanted to share practical industry experience with students.
“When I was in university, I only had one lecturer with field experience,” he said. “I want to share practical experience with students someday.”
The brothers also identified different NNPC culture transformation pillars that reflected their individual approaches to work.
Hussaini chose “Enterprise First,” saying, “Giving your best to the company is giving your best to the country.”
Hassan, a civil engineer, selected “Execution Excellence,” explaining, “I’m a civil engineer. I like seeing things come to life from concept to completion.”
The twins urged young Nigerians interested in working with NNPC to ignore rumours about the recruitment process and apply whenever opportunities arise.
“You don’t need to know anybody at NNPC. Apply. Take the test and earn your place,” they said.





