At $78.50/Barrel, Oil Price Climbs Above Nigeria’s Budget Benchmark Israel, Iran conflict escalates JP Morgan sees $130/barrel in worst-case scenario
Emmanuel Addeh in Abuja
Oil price yesterday experienced
its fastest one-day jump in three years, with Brent Crude, Nigeria's benchmark, peaking intra-day near
$78.50/barrel or about 14 per cent, while West Texas Intermediate (WTI), US benchmark, surged to around
$77/barrel. However, the situation is a two-edged sword for Nigeria.
While Brent crude rose temporarily above Nigeria’s $75/barrel budget benchmark for 2025, relieving
immediate fiscal pressure, before Continued on page 5
Idris: Nigeria on Path of Economic Renewal, Global Respect...
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Saturday June 14, 2025 Vol 30. No 11018
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Tributes Flow as Sam Amuka Marks 90th Birthday in Style Tinubu hails celebrant, describes him as man of all time Mbah, Idris, Soyinka, THISDAY Alumni, editors, others eulogise media icon
Deji Elumoye in Abuja, and Sunday Ehigiator in Lagos It was a room of exciting buzz, laughter, funfair, good music, heartfelt tributes and nostalgic reminiscing as the crème
de la crème of Nigerian journalism, friends, families, and close allies, gathered to honour Chief Sam Amuka, a mentor to generations of Nigerian journalists and founder of Vanguard Newspaper as he celebrated his 90th
birthday yesterday in grand style. The event, held in Lagos, brought together an array of dignitaries, including the Minister of Information and National Orientation, Mohammed Idris, and the Presidential Adviser
on Information and Strategy, Bayo Onanuga. Also in attendance were the Chairman, THISDAY and Arise Media Group, Prince Nduka Obaigbena; the Olu of Warri, Ogiame Atuwatse III;
the Deputy Governor of Delta State, Monday Onyeme; former Governor of Delta State, Chief James Ibori; Osun State Governor, Ademola Adeleke; Nobel Laureate, Wole Soyinka; and former Governor of Anambra State,
Mr. Peter Obi. Others included former Governor of Ogun State, Chief Olusegun Osoba; Afenifere Leader, Chief Bode George; Continued on page 5
Wike to Atiku, Others: Your Coalition Died on Day of Birth Defends N39bn spent to renovate conference centre
See story on page 5
90TH BIRTHDAY CELEBRATION...
L-R: Publisher of Vanguard Newspaper, Sam Amuka; his wife, Mrs. Rita Amuka; former Ogun State Governor, Chief Olusegun Osoba, and Chairman/Editor-in-Chief of THISDAY Media Group/ARISE News Channel, Prince Nduka Obaigbena, at the 90th celebration of Amuka, held in Lagos…yesterday
Transnational Organised Human Trafficking Syndicate Busted in Nigeria...
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