THE
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NIGERIA INDEPENDENT NEWSPAPER. EST. 1926 WWW.DAILYTIMES.NG https://plus.google.com/+DailytimesNgr/posts
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Anxiety as CBN plans increased capital base for micro finance banks
Ï Why we’re seeking stronger capital base for MFBs - Apex bank Motolani Oseni, Lagos
ÏÏÏ As part of efforts to further
promote financial inclusion, while ensuring the financial system is robust, the Central Bank of Nigeria (CBN) is cur-
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rently considering increasing capital base for Microfinance Banks (MFBs). Responding to questions posted on Wednesday during ‘CBN Tweet Meet 2018’ with the theme, ‘#GrowthNG Building Continued on page 4
THURSDAY, MARCH 1, 2018 VOL. 3. NO. 590
N150
GLOBAL FINANCIAL/COMMODITY MARKETS
CURRENCIES/CBN: CBN: N305.55 PER DOLLAR, Parallel Market: USD N365 POUND N475 EURO N424 NSE: ASI 37, 425.15 MARKET CAP 12.90 FMDQ O/N 22.50 OBB 22.00 COMMODITIES: Wheat US $455.00/MT Rice US $12.40/MT Cocoa US $2,004.00/Bag Coffee US $139.60/Scoop Cotton US $70.95/Unit Sugar US $14.15/Ounce METALS: Gold US $1263.10/Ounce Silver US $16.21/Ounce Copper US $2.87/Ounce ENERGY: Brent US $52.21/PB, N/Gas US $2.78/CB
Nigeria needs $2bn to revive Lagos-Kano rail line -Osinbajo Ï Commends Ambode, Ganduje for economic partnership Ï Investments in Lekki Free Zone ’ll earn Nigeria N8trn annually - Dangote
Mathew Dadiya, Abuja
ÏÏÏ
Vice President Yemi Osinbajo has Continued on page 5
L-R: Lagos State Governor Akinwunmi Ambode; Vice President Yemi Osinbajo; Emir of Kano, Emir Muhammadu Sanusi II and others during the Lagos-Kano Economic and Investment Summit at the Jubilee Chalet, Epe, Lagos... on Wednesday.
Court orders final forfeiture of $48m properties linked to Diezani 6
Buhari reappoints Segun Awolowo as NEPC boss 6
We’ll pass budget without your input, Senate tells MDAs B2
Rivers people’s trust motivates me for development - Wike 4