29 10 2014

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NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS Wednesday, October 29, 2014

Vol. 1 No. 253

/newtelegraph /newtelegraph

@newtelegraph1 @newtelegraph1

www.newtelegraphonline.com www.newtelegraphonline.com

N150

Meet Image makers of nigerian banks }37-39

Respite for economy as oil prices rise Adeola Yusuf and Anule Emmanuel

T

he price of oil yesterday steadied at $86 per barrel, translat-

ing to more revenue for the Nigerian economy and a reprieve for the naira, which has been under severe pressure since the onset of the volatility in

the global oil market. The respite came just as President Goodluck Jonathan approved the creation of a new office of the Deputy Group Managing

Director (DGMD) for the Nigerian National Petroleum Corporation (NNPC). Yesterday, the Brent crude oil steadied around $86 a barrel.

The data pointed to slowing oil demand, but also helped to drive down the United States dollar, supporting oil prices. A weaker dollar helps global

consumers buy dollar-denominated commodities such as oil. Oil gained further support from strength in EuCONTINUED ON PAGE 3

Tambuwal must quit lPDP asks speaker to resign for defecting }3 l‘I followed my people to APC’

Quick Read Editorial Speaker, House of Representatives, Hon. Aminu Tambuwal, acknowledging cheers after defecting from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC) in Abuja...yesterday PHOTO: NAN

Pathologist confirms 116 dead in Synagogue tragedy Akeem Nafiu and Shola Obafunwa

A

Consultant Pathologist, Prof. John Obafunwa,

yesterday put the number of fatalities at the collapse of a guest house in the Synagogue Church of All Nations (SCOAN), Lagos at 116.

Obafunwa, who is the Chief Medical Examiner of Lagos State, made this known while presenting a preliminary report to a coroner’s inquest set up

by the Lagos State Government to investigate the cause of the tragedy. The inquest is being presided over by Mr. Oyetade Komolafe.

Led in evidence by Mr. Akingbolahan Adeniran, counsel to the Lagos State Government, Obafunwa said the final report and CONTINUED ON PAGE 5

Mental health disorders }19 N’Assembly sends Constitution Alteration Bill to }5 states Ambode, Obanikoro, Ikuforiji, others scramble for Lagos governorship seat }14


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