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THE

DAILY

TIMES

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

dailytimesnigeria

FG explains Nigeria’s N30trn debt profile

Ï We ‘re spending about N1.3trn on capital – Osinbajo Ï Says NASS responsible for 2018 Budget delay Motolani Oseni Lagos

ÏÏÏ As Nigeria’s debt profile is

said to skyrocketed from about N9 trillion said to have been inherited by the current administration to the reportedly N30tril-

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lion, the Federal Government, through the Vice President Yemi Osinbajo, has explained that the government is very prudent, and condemns impunity. The Federal Government noted that this is the first time in Continued on page 4

WEDNESDAY, MARCH 7, 2018 VOL. 3. NO. 595

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

Nigeria averts EGMONT expulsion as Reps pass NFIU bill Henry Omunu, Abuja

ÏÏÏ In a move to avert the threat of

Ï Lawmakers okay NFIU as independent agency Ï Adopt 38 clauses to strengthen unit Ï Senate takes decision today

expulsion from EGMONT Group, the House of Representatives, on Tuesday, considered and passed the conference committee report on a bill to establish the Nigerian Financial Intelligence Unit (NFIU) as an independent agency. While the Senate is expected to consider the report today (Wednesday), the House adopted all 38 clauses contained in the conference report. Deputy Speaker, Hon Yussuf Sulaimon Lasun, who presided over Continued on page 5

Journalist’s detention:

Uproar as NUJ, CSO, others storms DSS Hqrts 4 AIB releases reports on Delta, Dana, Nestor Oil Gulfstream incidents B2 Judiciary saves Nigeria from total collapse, says CJN 6

L-R: Niger State Governor Abubakar Bello and the Chairman of Folio Media Group (FMG), publisher of The Daily Times, Mr Fidelis Anosike, during a courtesy visit to the governor at Niger State Governor’s Lodge, Asokoro, Abuja ... on Tuesday

Nigeria records 110 deaths from Lassa fever 5

Pension funds: House C’ttee summons Magu, Emefiele, IGP, Maina, others

B3


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