Crude Oil Price Falls Again, Now At $66

The international benchmark Brent crude on Monday was down more than four per cent to as low as $66.12 per barrel, its lowest level since 2009.

The United States' West Texas Intermediate also lost more than three per cent and cracking $64 per barrel for the first time since 2009.

Brent had recently tumbled below $70 per barrel after OPEC decision on November 27 to maintain production quotas. It hovered around $72 for the most of last week.

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Anxiety, As Oil Marketers Ignore FG Fuel Import Allocation

Oil marketers have declined to go ahead with the importation of petrol for the fourth quarter despite the Federal Government's approval of the import allocation for the quarter.

Although a part of the subsidy arrears owed marketers had been paid by the government, oil marketers said they were unwilling to import more products owing to falling value of the naira to the dollar, coupled with the fear that subsidy arrears could be delayed again.

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Oil Slump: Federal Government Vows To Protect Economy; And How Will They Do That?

The Federal Government on Monday vowed to protect the economy from any external shock that might arise from the global drop in oil prices.

It also warned that it would not allow "merchants of fear" to distort facts about the economy in order to sow any seed of hopelessness.

The Minister of Finance, Dr. Ngozi Okonjo-Iweala, stated this while speaking at the National Insurance Summit which was held in Abuja.

The summit, organised by the National Insurance Commission had the theme,

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Military Arrests Boko Haram Cameramen In Adamawa

The troops of the Nigerian Army have arrested a team of cameramen believed to be working for the media arm of the Boko Haram sect in Adamawa State.

A security source said that those arrested were "those who video and take photographs during the attacks on communities by the insurgents."

It was stated that the terrorists were arrested while they were attempting to flee from troops who dislodged them from Adamawa State.

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All APC Presidential Aspirants Are Better Than President Jonathan - Atiku Abubakar

A former Vice-President Atiku Abubakar has insisted that all the aspirants jostling for the APC presidential ticket will do a better job than President Goodluck Jonathan.

Lamenting that the Jonathan-led Federal Government was "too far from the people" and "hard to hold to account", he promised to empower the states and local government councils with a view to making governance more responsive.

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You Are A Bunch Of Noise Makers, Bukola Saraki Tells PDP

A former governor of Kwara State and currently lawmaker representing Kwara Central Senatorial District at the National Assembly, Dr. Bukola Saraki, described the PDP as a party of "noise makers."

Commenting on Twitter shortly after he clinched the APC ticket to return to the Senate, Saraki boasted that his political protégés from Kwara State would beat their opponents from the PDP during the 2015 general elections.

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Tambuwal, El-Rufai Are Expired Particles - PDP

The Peoples Democratic Party has described the All Progressives Congress as a "waste basket."

Reacting to the primaries recently conducted by the APC ahead of the 2015 general elections, the ruling PDP stated that the majority of the candidates who have emerged on the platform of the opposition party were "expired substances."

Writing on its Facebook page, the PDP particularly took on the embattled Speaker of the House of Representatives, Alhaji Aminu Tambuwal, and a former Minister of the Federal Capital Territory, Mallam Nasir el-Rufai.

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PDP Governorship Primaries: List Of Winners Nationwide

Mr. Jimi Agbaje, on Monday emerged as the PDP governorship candidate for Lagos State. Agbaje scored 432 votes.

However, the Acting Governor of Adamawa State, Bala Ngilari, had a shocker as he was beaten by a former Chairman of the Economic and Financial Crimes Commission, Nuhu Ribadu,   at the old Parade Ground,   Abuja where the exercise for the state took place.

The results from other states are:

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Agbaje Emerges PDP Candidate For Lagos State Governorship Election, Defeats Obanikoro

Barely four months after joining the Peoples Democratic Party, a pharmacist and an entrepreneur, Mr. Jimi Agbaje, on Monday emerged as the PDP governorship candidate for Lagos State.

He defeated a former Minister of State for Defence and Nigeria's ex-High Commissioner to Ghana, Musiliu Obanikoro,who was touted as the leading contestant in the primary.

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Sen. Ifeanyi Okowa Wins Delta PDP Governorship Primaries

The information reaching newsbeatportal indicate that a governorship aspirant under the Peoples Democratic Party (PDP), Senator Ifeanyi Okowa, has won the party's governorship primaries.

The primaries took place today, and the implication of this information is that, Senator Ifeanyi Okowa will have to contend with Olorogun O'tega Emerhor for the governorship seat in 2015.

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