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THE

DAILY

TIMES

NIGERIA INDEPENDENT NEWSPAPER. EST. 1926 WWW.DAILYTIMES.NG https://plus.google.com/+DailytimesNgr/posts

dailytimesnigeria

You can’t have Daily Times, Folio tells Sen. Obiora

Mathew Dadiya Abuja

ÏÏÏ The Folio Communications

Limited (publisher of The Daily Times) has said that with all the money in the world and political connections, former Senator Ikechukwu Obiora cannot and will

www.facebook.com/dailytimesngr

never take over the ownership of The Daily Times of Nigeria because he has no title to any company with such a name. Folio Communications Limited was reacting to information it received that Obiora has written to Nigeria Internet RegistraContinued on page 6

MONDAY, MARCH 19, 2018 VOL. 3. NO. 605

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

FRONT PAGE COMMENT

Land Use Charge reversal and Ambode’s leadership quality

ÏÏÏ It is not common in Ni-

geria to find a highly placed government official back down from his lofty office in deference to the wishes of the masses of the people, whether in the implementation of polices or in just the

day-to-day governance process. The average occupier of a position of influence in Nigeria will want to flaunt his powers to show that he is incharge; he is likely to stick to his positions even when such

a position is suffocating the people that he is supposed to be governing. If you find any highly placed official do the opposite, it could only be because such a one truly has the interest of his people at heart.

This is one perspective from which many analysts now view Lagos State Governor Akinwunm Ambode- the reversal of Land Use Charge (LUC). It was the State Commissioner for Finance, Mr. Akinyemi Ashade, who ad-

dressed the press on the matter, saying the rates payable on commercial properties have been reduced by 50 per cent in response to the demands of the people. Continued on page 7

Credit to private sector hits N22.6trn in one month Ï As Forex stability aides lending to real sector

Motolani Oseni Lagos

ÏÏÏ In what appeared to reflect the

concerted efforts to revamp the economy, Credit to Private Sector has appreciated by 2.8per cent to N22.6 Continued on page 5

We’re close to 5 rescuing abducted Dapchi schoolgirls - Defence Minister Goronyo Dam depletion: Sokoto, Kebbi residents face water shortage - Tambuwal 7

L-R: Managing Director/CEO, Transcorp Hotels Plc, Mr. Valentine Ozigbo; Outgoing Chairman, Olorogun O’tega Emerhor; Company Secretary, Mrs Helen Iwuchukwu; Directors : Mr. Adim Jibunoh and Peter Elumelu, during the 4th Annual General Meeting (AGM) of Transcorp Hotels at the Transcorp Hilton Hotel in Abuja ... on Friday

Declare herdsmen attacks as terrorist acts, SERAP tells UN 7


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