THE
DAILY
TIMES
NIGERIA INDEPENDENT NEWSPAPER. EST. 1926 WWW.DAILYTIMES.NG https://plus.google.com/+DailytimesNgr/posts
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Again, external reserves hit $42.35bn
Ï CBN builds reserves amid $18.58bn FX intervention Motolani Oseni Lagos
ÏÏÏ The
Central Bank of Nigeria (CBN), has expressed its determination to continue building the nation’s external reserves, amid continuous injections of US Dollar into the official foreign exchange market.
The apex bank between April 2017 and end of February, 2018, spent $18.37 billion in its weekly intervention in the foreign exchange (forex) market, The Daily Times Investigations have revealed. The breakdown showed that Continued on page 4
MONDAY, MARCH 5, 2018 VOL. 3. NO. 593
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N150
GLOBAL FINANCIAL/COMMODITY MARKETS
CURRENCIES/CBN: CBN: N305.55 PER DOLLAR, Parallel Market: USD N365 POUND N475 EURO N424 NSE: ASI 37, 425.15 MARKET CAP 12.90 FMDQ O/N 22.50 OBB 22.00 COMMODITIES: Wheat US $455.00/MT Rice US $12.40/MT Cocoa US $2,004.00/Bag Coffee US $139.60/Scoop Cotton US $70.95/Unit Sugar US $14.15/Ounce METALS: Gold US $1263.10/Ounce Silver US $16.21/Ounce Copper US $2.87/Ounce ENERGY: Brent US $52.21/PB, N/Gas US $2.78/CB
2019: Choice of presidential candidate tears PDP apart Ï Govs, other stakeholders root for Dankwabo Ï Secondus in secret talks with Makarafi, Atiku Ï ’Restructuring to determine choice of aspirant’
Myke Uzendu, Abuja
ÏÏÏ
The Peoples Democratic Party (PDP) is passing through political fur-
nace following intense pressure from aspirants for the exalted office of the President come 2019. Continued on page 5
L-R: Chief Executive Officer, Trace Naija, Sam Onyemelukwe; Founder, LEAP Africa, Ndidi Nwuneli; Managing Director/Chief Executive Officer, Fidelity Bank Plc, Nnamdi Okonkwo; Chief Executive Officer, EbonyLife TV, Mo Abudu; Chief Operations & Information Officer, Fidelity Bank Plc, Gbolahan Joshua, during a main stage session organised by the bank and tagged: ‘How Millennials Are Changing The Financial Landscape’, at the 2018 Social Media Week in Lagos ...on Friday.
NNPC: We’re subsidising petrol with N774m daily 5
We submitted 2018 budget with details of MDAs to NASS – Akabueze 8
Adeosun urges tax payers to demand for written notice from tax officials B7
NASS will pass NFIU this week, says Saraki 5