THE
DAILY
TIMES
NIGERIA INDEPENDENT NEWSPAPER. EST. 1926 WWW.DAILYTIMES.NG https://plus.google.com/+DailytimesNgr/posts
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Aviation unions, Sirika set to clash over 5% remittance order to FAAN
Ï Accuse Minister of plotting to kill FAAN Ï Say AIB not doing much to justify such huge collection Chukwuemeke Iwelunmo
ÏÏÏ Nigeria aviation sector may
witness yet another imbroglio as two unions are set to engage the Minister of State Aviation, Hadi Sirika, in a battle over his directive to the Federal Airports Authority of Nigeria (FAAN) to remit 5% of its total Passengers’ Service Charges (PSC) to the Acci-
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dent Investigation Bureau (AIB). According to investigation, the directive did not go down well with the aviation unions and they are bent on showdown with Sirika should FAAN implement the directive. A source close to FAAN told The Daily Times that the agency was grappling with the payment of Continued on page 12
TUESDAY, JUNE 20, 2017 VOL. 3. NO. 390
N150
GLOBAL FINANCIAL/COMMODITY MARKETS
CURRENCIES/CBN: CBN: N305.80 PER DOLLAR, Parallel Market: USD N368 POUND N465 EURO N407 NSE: ASI 34,135.10 MARKET CAP 11.80tr FMDQ O/N 53.33 OBB 50.00 COMMODITIES: Wheat US $471.40/MT Rice US $11.48/MT Cocoa US $1,880.00/Bag Coffee US $123.85/Scoop Cotton US $71.54/Unit Sugar US $13.45/Ounce METALS: Gold US $1249.20/Ounce Silver US $16.53/Ounce Copper US $2.56/Ounce ENERGY: Brent US $47.21/PB, N/Gas US $2.90/CB
7 sectors get lion’s share as FG releases breakdown of 2017 Budget
Mathew Dadiya and Ï Projects N5.08tr revenue for 2017 ÏTo release N350bn first tranche for capital projects Doosuur Iwambe, Abuja Ï Says ‘allocations targeted at critical sectors that have quick transformative potentials’ The Federal GovernÏ Puts overall projected budget deficit at N2.36trÏ We shall work hard to implement the budget - Udoma ÏÏÏ ment on Monday released details of the 2017 national THE KEY SECTORS AT A GLANCE budget, christened “Budget Works, Power & Housing -N553.71bn
Transport -N241.71bn
Education -N151.92bn
Defence -N139.2bn
Water Resources -N104.2bn
Agriculture -N103.7bn
of Recovery and Growth.”
Continued on page 5
Invoke arbitration clause to curb endless litigations, CJN tells heads of courts 5
House of Reps kicks 9 as AMCON debt obligation hits N4.6tr Alteration of Budget: It’s become necessary to approach S’Court 30 -Fashola L-R: Founder/President, International Institute for Petroleum, Energy, Law and Policy (IIPELP), Prof. Niyi Ayoola – Daniels; Minister of Power, Works and Housing, Mr. Babatunde Fashola, SAN; representative of the Ag. President and Minister of State Petroleum Resources, Dr. Emmanuel Ibe Kachikwu; Chief Justice of Nigeria, Justice Walter Onnoghen and Administrator, National Judicial Institute (NJI), Hon. Justice Rosaline Patricia Bozimo, after the opening ceremony of the 3rd IIPELP/NJI Annual Judges Workshop on Petroleum, Gas and Power sectors in Abuja… on Monday.
Court dismisses Metuh’s application for stay of proceedings 9