Sale of Nigerian Crude Oil Threatened by Discount Pricing, US Shale Oil Boost Iran seeks OPEC support against US sanctions Ejiofor Alike with agency reports The influx of United States’ shale oil into refineries in northwest Europe and the
Mediterranean, coupled with the adoption of discount pricing by some oil-producing countries to trade with buyers in east and western Europe have hurt demand
for Nigeria’s sweet crude in the international market. This is coming as Iran’s oil minister, Bijan Zanganeh has asked the Organisation of Petroleum Exporting Countries
(OPEC) to support his country against what he called “illegal, unilateral and extraterritorial sanctions” referring to the United States sanctions on Iran after the United States
pulled out of a nuclear deal with Tehran. Reuters reported that while Angolan cargoes were gradually clearing yesterday, as the state-owned firm, Sonangol
was said to be offering Dalia grade at a discount of $1.30 to dated Brent with only a couple of cargoes remaining from the Continued on page 6
With 8m Registered Workers, Pension Fund Assets Hit N7.9tn… Page 6 Thursday 31 May, 2018 Vol 23. No 8442. Price: N250
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Court Sentences Former Taraba Gov, Jolly Nyame to 14 yrs Imprisonment EFCC detains ex-governor Yero, ex-minister, 2 others Alex Enumah in Abuja and John Shiklam in Kaduna In a major victory for the anticorruption campaign by the President Muhammadu Buhari administration, a high court of the Federal Capital Territory (FCT) on Wednesday handed down a 14 years sentence to former Taraba State Governor, Reverend Jolly Nyame.
Trial judge justice Adebukoola Banjoko delivering judgment on the 11 years old trial said she cannot help but hand down the maximum sentence after finding the defendant guilty of allegations of fraud, criminal breach of trust amongst others. The judge held that the Continued on page 6
Melaye Returns to Senate with Theatrics, Fuels Rumour of Defection
Senate tasks Jega to name corrupt N'Assembly members Invites OAU VC over sex for marks scandal Deji Elumoye in Abuja It was drama galore yesterday when the Senator representing Kogi West Senatorial District in the National Assembly, Dino Melaye, stirred the Senate on the very first day of his resumption with a special
request at plenary that he should be allowed to sit among PDP Senators. Melaye’s move immediately set tongues wagging and provoking whirlwind rumour that he was perhaps sending a Continued on page 6
S/South Govs Demand 13% Derivation from $1bn ECA Withdrawal for Arms... Page 10
SUPPORTING THE POLICE... L-R: Vice President Yemi Osinbajo; Chairman Dangote Group, Alh. Aliko Dangote; and IG of Police, Ibrahim Idris at the presentation of 150 vehicles donated by Aliko Dangote Foundation to the police in Abuja... yesterday state house