THE
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TIMES
NIGERIA INDEPENDENT NEWSPAPER. EST. 1926 WWW.DAILYTIMES.NG https://plus.google.com/+DailytimesNgr/posts
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For 10th time, MPC retains 14% rate to consolidate reforms
Ï ^Ɔ `` Ɛ ƾƾêǀ ƍƆƏ ƅƆ Ɛ Ï z Ɛ 01 Ɛ ƇƇ ƆƐ MƾêƣƐƏ ƅ ƐƏ ƅƐ Ə ô ƗƆƄƐ Mathew Dadiya, ƄƑƉ Ɨ Motolani Oseni, G
ÏÏÏ The members of
the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) have for the 10th consecu-
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tive period, voted to retain anchor lending rate (MPR) at 14%, Cash Reserves Ratio .22.5%, Liquidity 30% across Asymmetric Corridor at +200 and -500 basis points around the Monetary Policy rate. Continued on page 6
THURSDAY, APRIL 5, 2018 VOL. 3. NO. 619
N150
GLOBAL FINANCIAL/COMMODITY MARKETS
CURRENCIES/CBN: CBN: MƢƠǀêǀǀ ^&` #RGG `è Parallel Market: USD MƢÕǀ POUND Mƿƣǀ EURO Mƿƾƿ NSE: d9 Ƣƣè ƿƾǀêơǀ MARKET CAP ơƾêÖƠ 0L#_ RƃM ƾƾêǀƠ R ƾƾêƠƠ COMMODITIES: Wheat nd ƿǀǀêƠƠƃLj Rice nd ơƾêƿƠƃLj Cocoa nd ƾèƠƠƿêƠƠƃ Coffee nd ơƢÖêÕƠƃdƅ ƍ Cotton nd ƣƠêÖǀƃn ƈƐ Sugar nd ơƿêơǀƃRƑ ƅƆ METALS: Gold nd ơƾÕƢêơƠƃRƑ ƅƆ Silver nd ơÕêƾơƃRƑ ƅƆ Copper nd ƾêƤƣƃRƑ ƅƆ ENERGY: Brent nd ǀƾêƾơƃ^ è N/Gas nd ƾêƣƤƃ
In a deft move, APC Govs align with Buhari Ï L ƊƆ néƐƑƏ ƐƆ ƑƏƆ ƆƋ Ɛƈ Ƈ ƑƐ ƈ Mz Ï ƅƊ ^ƏƆ ƈƗƆ Ɛ ƒƆƏ ƆƆƗ Ƈ Ə ƆƋƆƅƐƈƒƆ ƅ ƒƆ Ɛƈ Ï M è M& Ƈƈ Ƌ ƕ - Odigie-Oyegun
Mathew Dadiya Ɨ Tom Okpe, ƄƑƉ
ÏÏÏ In
a dexterous move to save the ruling All Progressives Congress (APC)
and to play safe against possible backlash with the presidency, 24 state governors elected on the platform of the APC have again met Continued on page 5
`ƈƒƆƏ dƐ ƐƆ 1 ƒƆƏ Ə MƕƆ ƌ zƈƊƆ æƌƈƗƗƋƆçì ^ƏƆ ƈƗƆ Ɛè dƍ ƏƐ zƏƈƐƆƏ ƅƈ Ɛƈ Ƈ Mƈ ƆƏƈ ædz Mçè LƏê 6 ƑƏ dƈƏ Ɠ æ Ɔƅ Ɨ ƋƆƇƐçì 9ƌƌƆƗƈ ƐƆ ƍ Ɛ dz M ^ƏƆ ƈƗƆ Ɛè d ƈƗƑ ƄƑƄ Ɗ Ə æƋƆƇƐçì 0 ƏƌƆƏ dz M ^ƏƆ ƈƗƆ Ɛè RƋƑ ƌ Ɨ Ƒ æƏƈ Ɛç Ɨ 0 ƏƌƆƏ dz M ^ƏƆ ƈƗƆ Ɛè dƐƆƒƆ Ƌ Ƅƈè ƗƑƏƈ Ɛ Ɔ ƏƆéƒ ƋƈƗ Ɛƈ Ƈ zƈƊƆ d ƋƆ ^ ƐƏ Ƈ dz M Ɛ Ɛ Ɔ 1 ƒƆƏ ƌƆ Ɛ 6 Ƒ Ɔè ^ ƏƐ 6 Əƅ ƑƏƐêêê zƆƗ Ɔ Ɨ ƕ
President okays purchase of $1bn military equipment 6
Anxiety as 3 federal lawmakers die within one month 7
Gov Obaseki sacks commissioner over sweepers’ protest 10
Sokoto to repeal obsolete laws as IGR jumps by 98 per cent B3