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NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS /newtelegraph
Vol. 2 No. 349
Tuesday, February 3, 2015
@newtelegraph1 www.newtelegraphonline.com
N150
Businessman, Molade Okoya-Thomas, dies at 79 }8
}x
FG cuts $5.4bn off JV oil capital expenditures
11 days to go...
Adeola Yusuf
Nigeria votes
lSouth Africa oil firm mulls assets' exit from Nigeria
T
he Federal Government has cut its 2015 capital budget
for Joint Venture (JV) oil operations by $5.4 billion (N918 billion) from $13.5 billion to $8.1 billion, indicating some 40 per cent
slash not seen for over a decade ago. The government, which through the Nigerian National Petroleum Corpo-
ration (NNPC), operates oil joint ventures with multinational companies, including Shell, ExxonMobil, Chevron, Total
and Eni, was, according to Platts, forced to slash the Capital Expenditures (capex) due to the price rout CONTINUED ON PAGE 6
2015
ria Nige
s vote
2015
}14 & 15
Buhari: I'll revive comatose economy
lSule Lamido: APC should forget 2015 presidency
Quick Read Editorial
State of the Nigerian economy }19
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L-R: Lagos State Governor, Mr. Babatunde Fashola; All Progressives Congress (APC) presidential candidate, Major General Muhammadu Buhari and Managing Director, Leadway Assurance, Mr. Oye Hasssan-Odukale, at a meeting Buhari held with the organised private sector in Lagos…yesterday.
Blast rocks Jonathan's rally in Gombe Anule Emmanuel and Ben Ngwakwe
Rivers courts Goodluck bombed }2 President Jonathan campaign GOMBE
in Gombe, the Gombe State capital, was yesterday marred by explosions that occurred as he was departing after addressing his supporters and members of the ruling Peoples
Democratic Party (PDP). It was learnt that two suicide bombers, suspected to be females, had detonated the explosives, hidden in a car parked outside the stadium, venue of the
presidential rally, barely five minutes after the presidential convoy passed the route. “We have evacuated two bodies of females we CONTINUED ON PAGE 7
Travel Advisory
Your guide to local and international flights }4