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NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS
Wednesday, February 11, 2015
/newtelegraph
Vol. 2 No. 357
@newtelegraph1 www.newtelegraphonline.com
Obasanjo endorses buhari, knocks Jonathan
Investors fret over credit-rating downgrade bid lOil ends three-day rally, falls to $57
Ayodele Aminu and Adeola Yusuf
D
windling price of crude oil, which has weakened Ni-
geria’s currency and the prospect of rising interest rates, may trigger the downgrade of the nation’s credit ratings, foreign investors have said.
The price of oil, which makes up about 80 per cent of Nigeria’s revenue, has fallen by 50 per cent since June, squeezing exports and government revenue.
Yesterday, oil ended a three-day rally falling to $57.45 per barrel before the close of the day’s transactions. The naira, on the other
hand, weakened to a record low on Monday as escalating violence by Boko Haram prompted the electoral commission to push CONTINUED ON PAGE 5
N150
}14
45 days to go... Nigeria Nigeria votes votes
2015
15 20}14 & 15
APC: Army places Tinubu under watch }2 lIt's not true, says military spokesman lFashola, others kick against patrol of ex-gov's home
Members of the Association of Imo State Widows during a protest over the alleged harassment of Minister of State for Education, Prof. Viola Onwuliri, in Owerri…yesterday.
FG warns opposition against beating war drum
lAPC challenges Jonathan to speak up on interim govt plot }5
Quick Read Editorial
Remembering our war dead }19 Travel Advisory
Your guide to local and international flights }4