THE
DAILY
TIMES
NIGERIA INDEPENDENT NEWSPAPER. EST. 1926 WWW.DAILYTIMES.NG https://plus.google.com/+DailytimesNgr/posts
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FOI: CBN replies Daily Times over $1.2bn Etisalat’s loans
Mathew Dadiya, Abuja
ÏÏÏ The Central Bank of
Nigeria (CBN) has replied The Daily Times over its request for detailed information on Etisalat’s loans, which led to the pulling out of the telecommunication company from Nigeria. However, after a series of crises, including resignation of its erstwhile chairman, Mr. Hakeem Bello Osagie, members
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of board and key management staff of the telecom firm, the company has since changed its name to 9mobile. The Daily Times had, on July 4, 2017, invoked the Freedom of Information (FOI) Act, seeking information on the alleged crisis in Etisalat Nigeria, following a huge debt of about $1.2billion (N541billion) it had incurred from 13 Nigerian lender banks. Continued on page 6
MONDAY, JULY 24, 2017 VOL. 3. NO. 415
N150
GLOBAL FINANCIAL/COMMODITY MARKETS
CURRENCIES/CBN: CBN: MƢƠǀêƤƠ ^&` #RGG `è Parallel Market: USD MƢÕÕ POUND MƿƣƠ EURO MƿƾƠ NSE: d9 Ƣƿè ƠƾƠêƢƣ MARKET CAP ơơêƣƢƐƏ 0L#_ RƃM ơƿêÖƾ R ơƿêƠƠ COMMODITIES: Wheat nd ƿÖÖêƾƠƃLj Rice nd ơơêÖÖƃLj Cocoa nd ơèÖÕƤêƠƠƃ Coffee nd ơƢÕêǀǀƃdƅ ƍ Cotton nd ÕÖêơƿƃn ƈƐ Sugar nd ơƿêƿƠƃRƑ ƅƆ METALS: 1 ƋƗ nd ơƾǀƿêÖƠƃRƑ ƅƆ dƈƋƒƆƏ nd ơÕêƿơƃRƑ ƅƆ ƍƍƆƏ nd ƾêƣƾƃRƑ ƅƆ ENERGY: Brent nd ƿƤêƠÕƃ^ è N/Gas nd ƢêƠƠƃ
How Osinbajo’s loyalty saves Nigeria in Buhari’s absence
Ï 6ƈ ƐƕƋƆ Ƈ ƒƆƏ ƅƆ ƍƏƆƒƆ Ɛ Əƅ ƕ –Presidential aide Ï d ƕ ƅƐƈ ^ƏƆ ƈƗƆ Ɛ Ɛ ƌƄƈƐƈ Ƒ è ƐƆƅ ƅƏ Ɛè Ɛ ƍ ƋƈƐƈƅƈ Ï ó6Ɔ ƅ ƑƋƐ ƏƆ ƑƋ ƏƋƕ ƓƈƐ Ƒ Əƈ ƄƆƇ ƏƆ ƌ Ɗƈ ƍƍ ƈ ƐƌƆ Ɛ ô Ï ó`ƆƋƑƅƐ Ɛ Ɛ ƓƆ Ə ƈ ƾ ƌƈ ƈ ƐƆƏ ƈ ƒƈƆƓ Ƈ ƍƆ Ɨƈ ƅ Ƅƈ ƆƐ ƏƆ ƑƇƇƋƆô
Francesca IwambeAbuja
ÏÏÏ Amidst growing concerns over the capacity of the Federal Government to run the affairs of govern-
ment in view of the ailing President Muhammadu Buhari, indications have emerged that the cordial relationship between Buhari and his Vice, Professor Continued on page 12
RƗƈ ƈƆéRƕƆ Ƒ è RƊ Ə ƅ ƋƆ Ɨ ^ 1 ƒ è ƋƆ ƗƆƏ Ɛ ƆƆ Ƒ Əƈ ƈ 28 G Ɨ ƍƈƐ Ƌ We will be out of recession before 12 December é&ƌƆƇƈƆƋƆ
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OPEC: L ƏƆ Mƈ ƆƏƈ ô è GƈƄƕ ô ƈƋ ƆƆƗƆƗ ƗƆƌ Ɨ Əƈ Ɔ B1