THE
DAILY
TIMES
NIGERIA INDEPENDENT NEWSPAPER. EST. 1926 WWW.DAILYTIMES.NG https://plus.google.com/+DailytimesNgr/posts
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Investors doubt Naira float on new FX window
Motolani Oseni
ÏÏÏ As the Central Bank of
Nigeria (CBN) intensifies efforts to address challenges associated with foreign exchange market by creating a new forex window to ease the dollar shortage choking the country, investors are skeptical over floating of the Naira on the new policy. The CBN opened a foreign-exchange window for investors and exporters last Monday where the
naira traded between the interbank rate and the black market rate, which many Nigerians use to access dollars. In the weeks before the opening, the CBN Governor, Godwin Emefiele, was said to have told senior bankers that he would tolerate a weaker naira and allow the market to determine the rate within the new window. While the initial market reacContinued on page 7
MONDAY, MAY 1, 2017 VOL. 3. NO. 353
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GAINERS AS AT April 28, 2017
N150
LOSERS AS AT April 28, 2017
Osinbajo panel: Lawal, Oke know fate this week GUINNESS
60.00
60.01 0.02%
WAPCO
48.50
50.92
4.99%
JBERGER
41.95
39.86
-4.98%
Ï M9 #1ô ƅƐƈ ƒƈ Ƌ ƐƆ ƆƔƐ Ɛ ƏƑƋƆ éd ƑƏƅƆ Ï ^ ƆƋ Ɠ ƈƐ dƆ ƐƆ Ƈƈ Ƌ ƏƆƍ ƏƐ Ƒ ƍƆ ƗƆƗ d10 Ï G ƓƕƆƏ Ɠ Ɛ ƑƏƐ Ɛ Ɨƈ ƅƋ Ɔ Ɠ ƆƏæ ç Ƈ R Ƅ Ə Ɔ ƅ Ï `Ɔƍ ƏƐ Ƈ ƍƏ ƄƆ ƍ ƆƋ M9 ƑƋƗ Ɛ ƄƆ ƌ ƗƆ ƍƑƄƋƈƅ - Prof. Akinyemi
ETI
7.80
7.71
-1.15%
Tony Amokeodo Abuja and Peter Fowoyo, Lagos
ÏÏÏ Barring any unforeseen circumstances, President Muhammadu Buhari will this week determine the fate of the suspended Secretary to the GovContinued on page 6
May Day: RƑƏ ƐƏƑ ƋƆ ƓƈƋƋ ƏƆƗƑƅƆ Ɠ ƏƊƆƏ ô ƍ ƒƆƏƐƕ Ə ƐƆ - NLC, TUC 6 IGP’s refusal to compromise, reason for Wike’s blackmail é `ƈƒƆƏ ^ 12
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The making of DTN Awards winners L2&L3 ^ ƋƈƅƆ ƏƏƆ Ɛ ƆƔéCƈ Ɠ ƒƆƏ Ə 6