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Urowayino Warami

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Oil price hits new low at $69 as OPEC predicts demand growth to increase by 1.5mb/d

THE price of crude oil, which has been falling in the past three weeks, further dropped from $71 per barrel to $69 per barrel, yesterday as the Organisation of Petroleum Exporting Countries, OPEC, predicted oil demand growth to increase by 1.50 mb/d y-o-y, a downward revision from the previous month of 40 tb/d, mainly due to weaker-than-expected oil demand data from the Middle East and, to a lesser extent, China during 3Q18.

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Time for FG to re-establish Education Bank; provide loans for students at low rate (3)

Last week I examined the provisions of the Education Bank and stated how the failure of government led to the inability of the bank to fulfil its statutory road. I detailed how, owing to the refusal of the government to set up the Governing Board of the Bank, it was eventually run throughout its existence by the Minister of Education contrary to the express provisions of the Bank

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