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NEWS YOU CAN TRUST I**WEDNESDAY 23 JANUARY 2019 I VOL. 15, NO 230 I N300
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Inside P. 37 FG to transmit minimum wage bill to National Assembly as Council of State approves N27,000 P. 39
-0.19 12.02
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0.56 14.85
-0.15
15.10
NGUS JUN 26 2019 365.34
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10 Y 20 Y -0.03 -0.21 15.07
15.33
NGUS DEC 24 2019 366.24
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Arancha Gonzalex (l), executive director, International Trade Centre, and Babajide Sanwo-Olu, All Progressive Congress governorship candidate in Lagos State, during a meeting to promote investments into the state in Geneva, yesterday, ahead of the World Economic Forum in Davos.
FRANK AIGBOGUN, Davos
Continues on page 38
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NGUS MAR 27 2019 364.89
In crusade for reform in Ethiopia, Abiy finds inspiration in love for his people eform-minded Ethiopian Prime Minister Abiy Ahmed is better defined by the modern ideas that he is pushing rather than his young age of forty-two, and it is to his credit that he is more forwardlooking today than many of his colleagues in the continent. At the World Economic Forum meetings in Davos, Abiy, who has both Christian and Muslim parents, presents image of a leader impatient to change the fortunes of his heavily-populated country ravaged by years of war and famine but which today has become the focus of global attention. When a BusinessDay reporter sought to speak to him as he walked away from the opening of the World Economic Forum in Davos, his two minders attempted to fend off the approach
FGN BONDS
TREASURY BILLS
With eye on inflation, naira stability, CBN holds MPR at 14% T ONYINYE NWACHUKWU, HOPE MOSES-ASHIKE, ISREAL ODUBOLA, SEGUN ADAMS & OLUFIKAYO OWOEYE
he Central Bank of Nigeria (CBN) after the first Monetary Policy Committee (MPC) meeting for the year retained its monetary policy rate
Rising debt approaching pre-2005 Paris Club exit level Economic policy pushed to side-lines on elections – analysts
in consideration of economic risks (global and domestic), including inflationary pressure
which has intensified the risk of currency depreciation. Consequently, by vote of all
the 11 members present at the Continues on page 38