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NEWS YOU CAN TRUST I **TUESDAY 05 FEBRUARY 2019 I VOL. 15, NO 239 I N300
₦1,232,136.10
+0.41pc
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$-N 358.00 361.00 £-N 467.00 477.00 €-N 405.00 413.00
www.
Market I&E FX Window CBN Official Rate Currency Futures
($/N)
Spot ($/N)
3M
362.58 306.75
-0.31 11.72
NGUS MAR 27 2019 364.89
ull or partial privatisation of the state-owned oil company Nigerian National Petroleum Corporation (NNPC), removal of subsidy on petroleum
6M
5Y
-0.31 13.95
0.10
10 Y 0.21
20 Y 0.01
14.70
15.26
15.01
NGUS JUN 26 2019 365.34
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NNPC privatisation, stable power top presidential candidates’ agenda for energy sector F
DIPO OLADEHINDE
FGN BONDS
TREASURY BILLS
NGUS DEC 24 2019 366.24
g
Buhari says less on state-owned oil company
products, and provision of stable power are among issues topping the agenda of candidates in the presidential election this month. Nigerians will on February 16
vote a president for the next four years, in an election that experts project will shape the future of the oil and gas industry, not only because Nigeria is Africa’s
biggest oil and gas producer, but because what happens in the country impacts the rest of
Continues on page 38
More businesses cry out after BusinessDay article exposes FX scheme ... As CBN claims “there is no room for arbitrage” LOLADE AKINMURELE
W
hen Charles Azubike (not real name) and his team did the costing for an international donor-funded community project, it was premised on the prevailing foreign exchange rate of N360 per US Continues on page 38
Inside Africa to see over $10bn infrastructure IPO from telecom, media, P. 2 technology in 2019 L-R: Patience Oniha, director-general, Debt Management Office; Oscar Onyema, chief executive officer, Nigerian Stock Exchange (NSE); Folorunsho Alakija, executive vice chairman, Famfa Oil Limited; Toyin Sanni, author of ‘Riding the Eagle’, and Mary Uduk, acting director-general, SEC, during a book launch in Lagos, yesterday. NAN