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Page 1

THE

DAILY

TIMES

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

NSE QUICK BITE

dailytimesng

CBN optimistic on convergence of FX rate

Ï L^ ƌ ƈ Ɛ ƈ L^` Ɛ ơƿüè `` ƾƾêǀü Mathew Dadiya, ƄƑƉ and Motolani Oseni, G

ÏÏÏ The Central Bank of Nigeria

has said that it remains very optimistic that the official and parallel rate of the foreign exchange in the country will converge due to the level of its interventions in stabilising the naira. This is even as the Monetary

Policy Committee (MPC) Meeting of the CBN has retained the Monetary Policy Rate, MPR at 14.0 percent, Cash Reserve Ratio, CRR at 22.5 percent while Liquidity Ratio was maintained at 30.00 percent and the Assymetric Corridor pegged at +200 and -500 respectively. CBN Governor, Mr. Godwin Continued on page 12

WEDNESDAY, MARCH 22, 2017 VOL. 3. NO. 325

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GAINERS AS AT March 21, 2017 NASCON

6.80

7.12

4.71%

UCAP

2.66

2.71

N150

LOSERS AS AT March 21, 2017 1.88%

FO

47.83

46.53

-2.72%

GUARANTY

27.15

26.79

Ndume seeks probe of Saraki, Melaye

Ï RƒƆƏ Ƈ ƅƆé ƇƇ ƓƈƐ Ƒ Ɛ ƌ 1è 6 ƌƆƆƗ Ƌƈ Ï ƅƅƑ Ɔ d Ə Ɗƈ Ƈ ƄƆƈ ƒƆ Ɔ ƅƆ ƌƈ ƈ ƇƐƆƏ M d ƆƈƖƆƗ ƈ ƄƑƋƋƆƐ ƍƏ Ƈ dny Ï z Ɛ ƅƆƏƐƈƇƈƅ ƐƆ Ƈ Ə ƆƏƕ ƋƋƆ Ɛƈ ƋƆƒƆƋƆƗ ƈ Ɛ LƆƋ ƕƆ ƈ ƒƆ Ɛƈ ƐƆƗ Ï 9ôƒƆ Ɛ ƈ Ɛ Ɨ ƓƈƐ ƈƌƍ ƏƐ Ɛƈ Ƈ Ɛ Ɔ ƈƗ ƒƆ ƈƅƋƆé d Ə Ɗƈ

FG, States, LGAs share N429.127bn for Feb allocation

20

-1.33%

Chris Emetoh, Abuja

ÏÏÏ There is obvious indication of

a serious in-house fighting brewing up in the upper legislative Chamber of the National Assembly as it seems a group of senators maybe be gearing up for a Continued on page 6

PDP: Sheriff, Makarfi bicker over appeal at Supreme Court 12 Court grants ex- NNPC GMD, Yakubu bail for 5 N300m I won’t appear before Senate 6 until… Ali

Gé`ë &ƔƆƅƑƐƈƒƆ dƆƅƏƆƐ Əƕè Ɗ #ƈƏƆƅƐ Ə ƅƈ Ɛƈ Ƈ Mƈ ƆƏƈ æ # Mçè LƏ ê dƑƌƄ RƋƑ ì ^ƏƆ ƈƗƆ Ɛƃ1 ƒƆƏ ƈ Ƒ ƅƈƋ LƆƌƄƆƏè # Mè dƈƏê dƐƆƒƆ Rƌ Ɖ Ƈ Əì dƆƅƏƆƐ Əƕƃ LƆƌƄƆƏ 1 ƒƆƏ ƈ Ƒ ƅƈƋè # Mè LƏ ê 0Ƒ ƌƈ RƕƆƐƑ Ɖƈì L ƈ #ƈƏƆƅƐ Əƃ ƈƆƇ &ƔƆƅƑƐƈƒƆ RƇƇƈƅƆƏè 0ƈƗƆƋƈƐƕ Ɗ ^Ƌƅè M ƌƗƈ RƊ ƊƓ ì LƆƌƄƆƏ 1 ƒƆƏ ƈ Ƒ ƅƈƋè # Mè LƏ ê 0 ƋƑƊƆ ƄƗƑƋƏ Ɩ Ɗ Ɨ 1 ƒƆƏ ƈ Ƒ ƅƈƋ LƆƌƄƆƏè GƆƊ Cƈ ƗƑè ƗƑƏƈ Ɛ Ɔ ƒƆƏ ƈ ƅ Ƒ ƅƈƋ ƌƆƌƄƆƏ Ƈ # M ô ƅ ƑƏƐƆ ƕ ƒƈ ƈƐ Ɛ Ɔ &Rè 0ƈƗƆƋƈƐƕ Ɗ Ɛ Ɛ Ɔ Ɗô Əƍ Ə ƐƆ 6Ɔ Ɨ ƇƇƈƅƆ ƈ G Č jƑƆ Ɨ ƕê

52 bodies found in Zaki Biam market after 5 attack


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