Friday, august 19, 2016

Page 1

Budget deficit hits N19.2bn daily –Kachikwu …as power generation dips by 50% in six months Adeola Yusuf

N

igeria’s daily crude oil production shortage has

peaked to one million barrels per day, Minister of State for Petroleum Resources, Dr. Ibe Ka-

chikwu, hinted yesterday in Lagos. With crude selling at $48 per barrel at the global

market, this means that Nigeria’s budget deficit on the one million barrels shortage now stands at $48 million daily. Kachikwu disclosed

this hours after his counterpart in the Ministry of Power, Works and Housing, Babatunde Fashola, declared that power generation had also crashed

NLNG Act amendment: $25bn investments in jeopardy, says Omotowa

}4

by over 50 per cent between February and August 2016. The duo spoke at the Annual August Conference of the National Association of Energy CorCONTINUED ON PAGE 2

Sanctity Of Truth

NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS

Friday, August 19, 2016

Lassa fever kills doctor, three others in Anambra }41

Vol. 3 No. 912

/newtelegraph /newtelegraph

Pastor gave me charm to kidnap children –Suspect }9

Appeal Court upturns Ikpeazu’s sack }41

@newtelegraph1 www.newtelegraphonline.com @newtelegraph1 www.newtelegraphonline.com

UK, Rivers partner on security, education, agriculture }2

N150

10 feared dead as prisoners riot Adewole

Pastor Alozie and Emeruo

Ikpeazu

Wike

Army, police foil jailbreak }2

Fear grips Lagos community as gangsters shoot schoolgirl }33

President Muhammadu Buhari (left) and Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, at the annual meeting of the Association of African Central Banks (AACB) in Abuja...yesterday

FG slams $31.4m fraud charge on Jonathan's aide

Dumebi

lDudafa, seven others face fresh suit

deadly disease, smallpox, could return –Experts

}7

}6


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Friday, august 19, 2016 by Newtelegraphonline - Issuu