Oil Price Jumps, Nears $50 per Barrel as US Inventory Drops Barkindo meets Saudi, Algeria oil ministers over OPEC’s output cuts Ejiofor Alike with agency reports Crude oil prices yesterday surged about four per cent after the United States
inventory data showed a drop in stocks to nearly a two-decade low as crude imports into the US Gulf Coast slid last week due to Tropical Storm Hermine.
meet the oil ministers of Saudi Arabia and Algeria as part of the renewed efforts to secure a global agreement to cut crude oil production to ensure the recovery of prices.
This is coming as the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mr. Mohammed Barkindo, will today in Paris, France,
US crude stocks dropped 14.5 million barrels last week to 511.4 million barrels, the biggest weekly drop in stockpiles since January 1999, according to the US Energy
Information Administration. Brent crude oil neared $50 a barrel for the first time in two weeks. Continued on page 6
Recession Inevitable Says Osinbajo as FG Restates Resolve to Restructure Economy… Page 11 Friday 9 September, 2016 Vol 21. No 7806. Price: N250
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Buhari to Nigerians: Time to Change Your Ways of Life Launches 'Change Begins With You' campaign
Tobi Soniyi in Abuja President Muhammadu Buhari has launched a national reorientation campaign called “Change begins with me" with an appeal to Nigerians to change from the old ways of doing things and embrace new ways of life. In his address at the launch of the campaign at the State Continued on page 6
THANK YOU MR. PRESIDENT
L-R: Inspector General of Police (IG) Ibrahim Idris; Chairman, Nigeria Police Commission, Mr. Mike Okiro; Minister of Interior, Abdulraman Danbazzau; and President Muhammadu Buhari, during the IG's visit to the president at the Presidential Villa, Abuja...yesterday godwin omoigui
After Initial Bravado, INEC Bows to Pressure, Postpones Edo Election It’s illegal, PDP Oshiomhole kicks Bolaji Adebiyi, Iyobosa Uwugiaren, Tobi Soniyi, Onyebuchi Ezigbo in Abuja, Wale Olaleye in Lagos and Adibe Emenyonu in Benin City The Independent National Electoral Commission (INEC)
yesterday bowed to pressure from the nation’s security agencies and postponed the Edo State governorship
election by two weeks. The INEC National Commissioner, Voter Education and Publicity,
Prince Solomon Soyebi, said the election earlier scheduled to hold tomorrow had to be countermanded
because of concerns expressed by the security agencies. He told journalists at a
Military Deploys 3,000 Soldiers in N’Delta… Page 10
news conference last night at the commission’s state headquarters in Benin City that the election would now hold on Wednesday, September 28, 2016. Continued on page 6