Thursday, october 6, 2016

Page 1

FG secures $4bn Chinese investment in oil sector lKachikwu: $70bn investment pledges on the way

Anule Emmanuel Abuja

T

he Federal Government has secured in-

vestment worth $4 billion from 40 Chinese businessmen in the oil sector. The Chinese investors are expected in Nigeria

next month. Minister of State for Petroleum Resources, Dr. Ibe

Kachukwu, who disclosed this yesterday after the Federal Executive Coun-

cil (FEC) meeting at the presidential villa, said this was a fallout from the July roadshow in China where Nigeria signed a $75.6 bil-

N330bn sanction forces MTN to Eurobond market }37

lion Memorandum of Understanding (MoU) in investment in the oil sector. Kachikwu explained that the MOU signed during the roadshow generCONTINUED ON PAGE 4

Sanctity Of Truth

NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS

PDP caucus endorses peace with Sheriff }7

/newtelegraph /newtelegraph

Vol. 3 No. 960

Thursday, October 6, 2016

Sheriff

Suicide bombers are hell bound – Sultan }7

Abubakar

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50 Ogun teachers die over unpaid deductions }40

Amosun

CBN: Forex liquidity to remain tight, bad loans to rise }5

N150

Emefiele

Tragic Wednesday

Man collapses, hospitalised as govt demolishes his shop, house Woman electrocuted, daughter burnt as fire guts four buildings Gunmen shoot ex-UI VC, Bamiro, in failed kidnap attempt }8 & 9 Epidemic looms in Imo as refuse take over Douglas Road

}4 & 19

Heap of refuse on Douglas Road, Owerri, Imo State

Tinubu’s bill throws Senate into rowdy session lSenators reject Statutory Grants for Lagos }2

Toxins from cigarette smoke can affect non-smokers –Study }6


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Thursday, october 6, 2016 by Newtelegraphonline - Issuu