Weak Dollar, Saudi Supply Cuts Push Oil Price to $55 Ejiofor Alike with agency reports After early slide, crude oil prices rebounded yesterday as dollar weakness and signs of production cuts by the world’s top crude exporter,
Saudi Arabia, eased concerns about excess supply in the global market. The dollar was said to have added support as it slipped against a basket of currencies, making dollar-denominated oil cheaper for holders of
other currencies. Before yesterday’s swing in oil prices, President Donald Trump, on Wednesday took credit for driving down oil prices, saying the drop amounted to a tax cut for Americans.
“People see that gasoline (petrol) is way down and the reason it’s way down is because I called up some of the OPEC people,” Trump reportedly told reporters. “I made calls, I said you better let that oil, that
gasoline flow, and they did,” he added. However, despite Trump’s intervention, the price of international benchmark crude, Brent crude futures rose by 94 cents at $55.85 per barrel, while the United
States US West Texas Intermediate oil futures rose 65 cents to $47.19 a barrel. The Organisation of the Petroleum Exporting Countries (OPEC), led by Continued on page 8
Poor Liquidity May Threaten Aviation Sector, Analysts Say ... Page 20 Friday 4 January, 2019 Vol 23. No 8661. Price: N250
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PDP Kicks as INEC Names Buhari’s Niece Head, Presidential Election Collation Centre Rash of criticisms greet retention of incidence form APC: We'll back commission’s lawful innovations
Adedayo Akinwale, Oghenevwede Ohwovoriole and Udora Orizu in Abuja The Independent National Electoral Commission (INEC) yesterday instigated what a political observer described as ‘’harsh and rash conversations’’ about doubts over its neutrality
in the forthcoming general elections with the appointment of President Muhammadu Buhari’s niece, Mrs. Amina Zakari, as the chairperson of the Presidential Election Collation Committee. The main opposition party, the Peoples Democratic Party Continued on page 8
Yari Offers to Step Down over Banditry in Zamfara Police deploy more units in Katsina Omololu Ogunmade in Abuja Barely 24 hours after 18 persons were killed in two communities by bandits in Zamfara State, Governor Abdulaziz Yari, yesterday in Abuja reiterated his support for call for declaration of state of emergency in the state, saying he was willing to vacate his seat if it would
end insecurity in the state. The offer by Yari is coming as the Inspector General of Police, Mr. Ibrahim Idris, approved the deployment of additional police units and manpower to beef up security in Katsina State, following the alarm raised by Governor Aminu Masari that Continued on page 10
SET… President Tells Labour Not to Distract GETTING L-R: Chairman, Independent National Electoral Commission, Prof. Mahmood Yakubu; National Commissioner, Mrs. May and Chairman, National Collation Centre Committee, Mrs. Amina Zakari, during the inauguration of Him from Fixing Infrastructure … Page 8 Agbamuche-Mbu; Electoral Logistics Committee and National Collation Centre Committee in Abuja... yesterday Julius Atoi