Monday June 24-30, 2019 Edition

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POLITICS Is Bayelsa LG election jinxed?

BUSINESS

Baru lays claim to inherited achievements

The

•P19

•P13

VOX POPULI SACRUM

CRIME

‘My master pays me N170k for every male head I severe, N160k for females’ – Man

SPORTS Our objective‘s AFCON trophy –Mikel

racle •P36

www.oraclenews.ng

•P37

Today

VOL.4 No.25 N200

Why SE govs, groups oppose Miyetti Allah •Demand is suspect, connotes ulterior motive •You cannot come to my house and ask me to give you gun to man my gate • Buhari must openly discredit, disown killer Fulani bandits, herdsmen •Allegations of Fulanisation, Islamisation breeds distr ust for Fulani

MONDAY June 24 - 30, 2019

•Igbo elders

ISSN: 2545-5869

•Miyetti Allah

Contraction looms as economy loses steam By SOPURUCHI ONWUKA and JEROME USHAKANG

I

nability of the government to evolve policy stimulants for enhanced economic growth has laid grounds for contraction in

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•CBN battles Forex volatility

the remaining part of the year even as the Central Bank of Nigeria (CBN) continues to tweak monetary

control instruments to balance liquidity in the system. Consequently, the World Bank which had earlier pre-

dicted Nigeria’s economic growth for the year at 2.2 percent has further downgraded the country’s es-

timated Gross Domestic Product (GDP) growth rate to 2.1 percent. The bank noted that the

review was fueled by continuous foreign exchange constraints, oil production cut that was influenced by Organisation for Petroleum Exporting Countries (OPEC) and the non-existence of

Cont’d on page 2

FG should bear loss of ceding Bakassi to Cameroon


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