Dtn 24 7 17

Page 1

THE

DAILY

TIMES

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

dailytimesng

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

www.facebook.com/dailytimesngr

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

^ ƓƆƆƍ G G1 ƍ ƋƋ è ƅƋƈ ƅ Ɔ ƋƋ ƅ ƈƏƌ ƈƍè 6 ƅ Ƒ ƅƈƋƋ Ə ƈƍ Ɔ Ɛ Gé `ë L ƈ #ƈƏƆƅƐ Əè ƅ Əƈ L Ɛ Ə è LƏ RƊƆƕ MƓƑƊƆì Ƒ Ƅ Ɨ Ƈ Ɛ Ɔ ƅƆƋƆƄƏ Ɛè j ƄƆ RƊƈ Ƅ è ƅƆƋƆƄƏ Ɛè LƏ ƈ ƌ RƊƈ Ƅ Ɨ ƈƏƌ è # ƈƋƕ jƈƌƆ Mƈ ƆƏƈ è LƏ 0ƈƗƆƋƈ ƈƊƆè ƗƑƏƈ Ɛ Ɔ ǀƠƐ ƄƈƏƐ Ɨ ƕ Ɛ Ɗ ƈƒƈ ƏƆƅƆƍƐƈ Ƈ Ə LƏ ƈ ƌ Ɛ Ɛ Ɔ C ƗƆ ^ Ƌ ƅƆ Ƒƈ ƈ Ɔ yƈƅƐ Əƈ 9 Ƌ Ɨ G êêê dƑ Ɨ ƕ

OPEC: L ƏƆ Mƈ ƆƏƈ ô è GƈƄƕ ô ƈƋ ƆƆƗƆƗ ƗƆƌ Ɨ Əƈ Ɔ B1


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