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Africa’s economic growth on the increase -World Bank
Ï d ƕ Mƈ ƆƏƈ è d ƑƐ ƇƏƈƅ è Ƌ è ƆƆƈ ƏƆƄ Ƒ Ɨ Mathew Dadiya, Abuja
ÏÏÏ Economic
growth in SubSaharan Africa is rebounding in 2017 after registering the worst decline in more than two decades in 2016, according to the new Africa’s Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank.
According to the report launched on Wednesday, the region is showing signs of recovery, and regional growth is projected to reach 2.6% in 2017. However, the recovery remains weak, with growth expected to rise only slightly above population growth, a pace that hampers efforts to boost employment and reduce
THURSDAY, APRIL 20, 2017 VOL. 3. NO. 346
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GAINERS AS AT April 19, 2017 STANBIC
18.32
18.76 2.40%
WAPCO
45.13
Continued on page 15
N150
LOSERS AS AT April 19, 2017
46.00
1.93%
FO
44.65
44.00
-1.46%
UACN
14.96
14.90
-0.40%
Anti-graft war heightens as Buhari suspends SGF, NIA DG
Ï RƏƗƆƏ ƈ ƒƆ Ɛƈ Ɛƈ ƈ Ɛ ƋƋƆ Ɛƈ Ƈ ƒƈ Ƌ Ɛƈ Ƈ Ƌ Ɠè ƗƑƆ ƍƏ ƅƆ ƌ ƗƆ ƈ Ɛ d10 Ï #ƈƏƆƅƐ ƍƏ ƄƆ ƈ Ɛ Ɨƈ ƅ ƒƆƏƕ Ƈ ƌ ƈƆ Ƈ Ƒ Ɨ ƈ 9Ɗ ƕƈ ƍ ƏƐƌƆ Ɛ ƒƆƏ Ɠ ƈƅ M9 Ƌ ƈƗ ƅƋ ƈƌ Ï #Ə ƌ ƆƌƄ ƐƐƋƆƗ d10 Ɛ Əƌ ` ƅƊ yƈƋƋ è ƗƆ ƈƆ Ɗ ƓƋƆƗ Ɔ Ƈ Ƒ ƍƆ ƈ Ï d Ɔ Ƒ d ƈè jƈƌƈ 0Ə Ɗè Ɛ ƆƏ ƈƋ ƅƐƈ Ï dƑ ƍƆ ƈ ƇƐƆƏƐ Ƒ Ɛè ƅ ƒƆƏéƑƍ ƍƋ Ɛ -Fayose
Tony Amokeodo and Tom Okpe, ƄƑƉ
ÏÏÏ President Muhammadu Buhari on
Wednesday surprised his antagonists when he wielded the big stick as he ordered the Secretary to the Government of the Federation (SGF), Engr. David Continued on page 5
Abuja runway completion validates Buhari change 12 agenda -Minister Court orders temporary forfeiture of N449m found in Lagos BDC shop 12
Presidency: Why FEC 31 did not hold
dƆƅƏƆƐ Əƕ Ɛ Ɛ Ɔ 1 ƒƆƏ ƌƆ Ɛ Ƈ Ɛ Ɔ 0ƆƗƆƏ Ɛƈ è LƏê Ƅ ƅ ƈƏ G Ɠ Ƌè ƄƏƈƆƇƈ dƐ ƐƆ 6 Ƒ Ɔ ƏƏƆ ƍ ƗƆ Ɛ ƇƐƆƏ ƋƆ ƒƈ Ɛ Ɔ ^ƏƆ ƈƗƆ Ɛƈ Ƌ yƈƋƋ è ƄƑƉ è ƇƐƆƏ Ɛ Ɔ Ƒ ƅƆƌƆ Ɛ Ƈ ƈ Ƒ ƍƆ ƈ ê
$1.3b Malabu scandal: Why I’m not in Nigeria yet -Adoke 6
INEC commences nationwide voter registration April 27 29
Motolani Oseni, G , and Mathew Dadiya, ƄƑƉ
NDIC task force to sanction 17 banks directors over malpractices
ÏÏÏ Nigeria Deposit Insur-
(MFBs) in which 15 former Directors of the MFBs were involved in malpractices and review two cases of closed Deposit Money Banks (DMBs) involving
ance Corporation (NDIC), on Tuesday, said it has concluded plans to prosecute directors and officers of closed Microfinance Banks
their former Directors. Chairman, Task force on Implementation of failed banks Act, Mr. B. A. Taribo, in a statement said the task Continued on page 12