Peoples Daily Newspaper, Friday 02, November, 2012

Page 1

www.peoplesdaily-online.com

Vol. 9 No. 60

Friday, November 2, 2012

. . . putting the people first

Zhul-Hajj 17, 1433 AH

N150

Okonjo-Iweala fears oil price crash By Abdulwahab Isa with agency report

C

oordinating Minister of the Economy/Minister of Finance, Dr. Ngozi OkonjoIweala has expressed concern

over oil and gas price volatility, saying prices could fall as more countries discover crude oil and gas. She spoke in London yesterday, almost at the same

time as the International Monetary Fund (IMF) was warning the country against wasteful spending. “We are worried, we are concerned because obviously so

many countries are discovering oil and gas; so the supply will be increasing over the next few years and therefore we need to plan accordingly to make sure we have the necessary buffers in

our own economy,” OkonjoIweala told reporters. She was speaking in the context of pressure from Nigeria’s National Assembly Contd on Page 2

JTF aggravates Boko Haram insurgency – Amnesty International

Its methodology is unacceptable - Police Sect wants Buhari to mediate truce in S/ Arabia By Lambert Tyem, Ibrahim Kabiru Sule & Mustapha Isa Kwaru, Maiduguri

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igerian security forces have committed massive rights violations including summary executions in trying to crush the Contd on Page 2

PD INDEX 1st Nov., 2012

CBN RATES BUYING SELLING $ 154.76 155.76 £ 248.1886 249.792 EURO 202.21 203.516 CFA 0.2885 0.3085 RIYAL 41.267 41.5

L-R: President Goodluck Jonathan and his Benin Republic counterparts, Boni Yayi during the latter’s visit to State House, Abuja yesterday. Photo: Joe Oroye

PARALLEL RATES BUYING SELLING EURO 202 205 £ 243 247 RIYAL 40 42 $ 155.5 158.50

Group backs Alison-Madueke’s oil industry reform >> PAGE 3

4,000 die in road accidents annually – FRSC >> PAGE 4

Bakassi: Paul Biya sends special envoy to Jonathan >> PAGE 3


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