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Monday, December 29, 2014
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Vol. 1 No. 313
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N150
INEC, Mint bicker over ballot paper contract }6
16 oil blocks to lose licences
lMarginal field operators in race to avert DPR's axe
NEW TELEG
RAPH MOND AY, DECEM
Money Line
S
ixteen out of the 28 oil blocks whose licences
were issued through the 2003 marginal bid round programme are at the risk of being revoked for
remaining unproductive since then. It was learnt that already, the Department
of Petroleum Resources (DPR) had given a March 2015 deadline to all unproCONTINUED ON PAGE 6
Stock Wat ch
Wapic Insur ance: New spur inves tors’ intere ratings st
37
Insurance
Building collapse: Lagos insurance papers from govt demands contractor s
38
Business What's neW s
Why Nige growth is rian airlines’ experts stunted, by Stakeholde weekend, rs in aviation, at the the secto took a holistic view r Nigerian and concluded thatof airlines would to wallow contin in difficu urgent steps lty unles ue s are taken them out of the wood to get s.
Interview
Oriflame is on entreprene mission to help urs succe ed –Hanna
Boko Hara oil target m: FG misses 2014 in Chad b asin Geologi sts circum vent pos
STAGNAN T Governme nt mulls expansion of insecurity budget as stagnates exploratio n activities
Nigeria fails spectrum in InfraCos auctions, licensing Nigerian gover
21
42-43
The front basin explo liner in the Delta Deve ration, the Chad the basin Niger sion (NDD lopment Com is yet to were retrogress lier decla C), which had mis- activities.announce pick- ing, elled by the uncle red that up of earactivities state of This insec ar natu emer re of at ther urity scare The Hous gency in the state checks , furshowed, e of Repr . was fuesentahe Fede CONT INUED ral ON PAGE Gove ment has rn22 2014 commmissed the in its attem nment has failed ercial pt to auctio expl special spect oil orat ion/ n two ery targe disc ovt on the would have rum bands that Chad basin N2.7 billio fillip to the added the neede explo n Telegraph ration, d New telecoms growth of the natio has Governm gathered. secto n’s area of broad r, especially ent, whic mate in the d an band delive h Telegraph $18 milli expenditure of estiry, New has gathe about red. the basinon on exploratio pected , had said that n at commercia it exof oil and l gas at thediscovery p.36 2014. basin by Vice Sambo, President, Nam who adi tained that said this, mainthe Chad oil prospectin g at State, was Basin, near Born yielding results. promisingo Two days before the the year, end of basin hasthe exploration The Business the ragin been stagnant at the Desk due to ayodele aminu gency in g Boko Haram Deputy Editor insur- L-R: the (Busine Communicat Lake ChadNorth East. Bayo akomo ss) ions Manag in Nigeri , site ploration, lafe Asst. Editor has been of the ex- Umoru a, Haminat Adigun er, Coca-Cola, Samu battle grou (Maritim ; Immediate and Direct one of el sunday Ojeme e) or, Public past Coord Umukoro, Coord Joint Task nds between the Community inator, Netwo inator Netwo Health Outrea Affairs and Comm Asst. Editor the Force and rk of People rk of People Haram (Insura unications, ch in Lagos the Boko insur Living With Living With Godson Ikoronce) Coca-Cola . HIV/AIDS This, findigents. HIV/AIDS Nigeria, Asst. Editor Clement in Nigeri (Money Market graph revea ng by New a, Ibrahim Ugorji, at ) the 2014 Dele alao geologists led, has led Tele- Godson Ikoro World AIDS many Industry & Day and supp Agric Editor from the ort Nige staff Dayo ayeye rian Natio troleum mi he comb nal Property Editor to circu Corporation (NNPPedevelopingined stock of mvent posti adeola Yusuf C) ondment ternal debt countries’ exto the site ng and secEnergy Editor being killed lion was for Wole shada by the insurfear of Bankat end of 2013, $5.5 trilFurt re the Worl Group her gents Aviation Editor that inves checks show . The Worlhas reported. d tors who Chris Ugwu ed state d Bank provide 124 d usua low this Capital Market lly of and in the 2015 Group coun exploratiosupport servi Inter ces tries, as middle-income edition abdulwahabEditor well shunned n activities have for tics (IDSnational Debt Isa Statis- exter nal and publi as quarterly $5.5 trillion, the regio also comp ) whic Finance Editor but h draw n. from high mode c sector rehe from Kunle azeez debt Nati rate in relat it remained -inco debt stati nsive databases According me countries ion to Gros onal Senior Corresp stics colle of to the repor . s ondent average Income (GNI cted from leased last Chuks Onuan of 23 per t re), an week, stock of yin INFLATION emergingthe total debt exports, an avera cent and to Energy RATE November markets ge of 79 nnamdi amadi was 2014.. per Rates October 2014.. ......................7.9% LENDING Dashbo CONT INUED Reporter RATE InterBank a ON PAGE r Johnson adeba d September ..........................8.1 Rate............ 22 % 2014............ yo ........12.57% Prime Lendi Asst Produc EXCHANGE .........8.3% tion Editor ng Rate.. RATE (Parallel .........17.93% Maximum As at Dec. 19) USD . . . . Lending Rate.. EXCHANGE . .26.83% Pounds . . . . . . . . . . . . . . . . . RATE N193 . (Official As Euro . . . . . . . . . . . . . . . . . . . .N295 at Dec. 19) USD . . . . l Foreig ......... . n Reserv . . . . . . . N23 Pounds . . . . . . . . . . . . . . . . . es – $35.19 4 . N169 . bn as at 18/12/2014 Euro . . . . . . . . . . . . . . . . . .N263 ......... Source: CBN . . . . . . N207. .78 20
p.22
Adeola Yusuf
BER 29, 2014
Empowerm ent: occupy mana ‘More women gement posit now ions’
35
ting, second ment to site
Adeola Yusu f
T
Page 21
12 pages of incisive Business
Cash crunch hits Buhari's campaign T
Developin g owe $5.5tr countries n as at 2013
}5 lAPC governors reduce financial support lWe depend on people's donations, says organisation Quick Read
Editorial
What Yuletide holds for IDPs }19
FG mulls border closure for 2015 polls }8 Fayose: I’ve no personal score to settle with Obasanjo }5
Travel Advisory Your guide to local and international flights 4
Children at the Ikeja Recreational Centre, Lagos…yesterday.
PHOTO: GODWIN IREKHE
I'll perform better if re-elected, says Jonathan lBuhari pledges to cater for the poor, fight corruption }7