Friday, july 22, 2016

Page 1

Nigeria technically in recession –Finance Minister Chukwu David Abuja

T

he Minister of Finance, Mrs. Kemi Adeosun, has con-

firmed that the Nigerian economy has gone into recession. The minister, while appearing before the Senate

yesterday, also said that the Muhammadu Buhari administration inherited negative reserve from the immediate past adminis-

tration, alleging that the Peoples Democratic Party (PDP) government owed contractors N390 billion, while outstanding cash call

debt was $5 billion. This was as the President of the Senate, Bukola Saraki, lamented the lack of synergy between the

Investors jittery over half-year financial results

executive and the legislative arms of government in governance in the present administration. Adeosun made the confirmation yesterday while

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Sanctity Of Truth

NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS

Friday, July 22, 2016

FG, 14 firms sign $1.75bn solar power agreements }7

/newtelegraph /newtelegraph

Vol. 3 No. 884

Fashola

Sex scandal: US didn't present video evidence }5 –Foreign Minister

Onyema

11 die as Danfo bus crashes in Lagos }9

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

Troops kill 45 Boko Haram suspects, rescue 80 hostages –Army }10

N150

Buratai

Avengers: Oil workers must leave Niger Delta now }2

...blow Qua Iboe export pipeline We’re talking with militants –Buhari

‘I rent out my three-week-old baby to beggars for N1,500 daily’}9

Aregbesola

From left: (Front row): Former Deputy National Chairman of the Peoples Democratic Party (PDP), Nze Ozichukwu Chukwu; Mrs. Ifunanya Uzor Kalu; former Governor of Abia State, Dr. Orji Uzor Kalu and a presidential candidate for the Nigeria Bar Association (NBA) election, Chief Joe Kyari Gadzama. (Back row): Catholic Bishop of Oyo Diocese, Most Rev. Dr. Emmanuel Badejo and Catholic Bishop of Abuja Diocese, John Cardinal Onaiyekan, after a thanksgiving mass in Kalu's residence in Abuja...recently.

Scandal: How Dogara injected N20bn into budget –Jibrin Saraki placates Tinubu, opponents with juicy committees Chicken odour prevents malaria –Research }7

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