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NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS /newtelegraph
Vol. 2 No. 358
Thursday, February 12, 2015
@newtelegraph1 www.newtelegraphonline.com
N150
Jonathan, service chiefs, others sued over poll shift }8
Foreign airlines raise fares on naira's depreciation lForex dealers halt trading as dollar goes for N204.25
Ayodele Aminu and Wole Shadare
S
hrinking prices of crude oil, which has debilitated the naira
by about 40 per cent since June last year, has compelled airlines that ply international routes to adjust their fares by between 40 per cent and 100 per cent,
New Telegraph has learnt. The naira, which traded at the official market at N155 to $1, was devalued to N168 per dollar last November, while the rate at
interbank market, where banks buy from one another to cover their positions, moved from N160 to N204.25 per dollar at the start of trading yesterday
before settling at N202.50 per dollar. Investigation by New Telegraph yesterday at some travel agencies in CONTINUED ON PAGE 7
44 days to go... Nigeria Nigeria votes votes
2015
15 20}14 & 15
Jega won't be fired lPresident dismisses plot to sack INEC chair
Quick Read Editorial
}2
All Progressives Congress (APC) presidential candidate, Major General Muhammadu Buhari (third left), with President, Catholic Bishops Conference of Nigeria, Bishop Ignasuis Kiagama, during an interaction with Catholic Bishops in Abuja‌on Tuesday.
Military pledges not to truncate democracy
Curbing mass failure in school }19 system
Emmanuel Onani
PDP: Jega conniving with APC to rig polls }8
T
Abuja
he Defence Headquarters (DHQ) has again reassured the public and the interna-
tional community that the Nigerian Armed Forces have no plan to derail democracy. It also reaffirmed the military's loyalty to the constitution, as well as constituted authority.
The reassurances were contained in a statement yesterday by the Director of Defence Information (DDI), Major General Chris Olukolade, which was issued against the backdrop of an alleged plot
to draft the Chief of Army Staff (COAS), Lt. Gen. Kenneth Minimah, to head an interim government in the event of a stalemate in the presidential election. The military has also CONTINUED ON PAGE 5
Travel Advisory
Your guide to local and international flights 4