THE
DAILY
TIMES
NIGERIA INDEPENDENT NEWSPAPER. EST. 1926 WWW.DAILYTIMES.NG https://plus.google.com/+DailytimesNgr/posts
dailytimesnigeria
High non-performing loans put banks at risk of collapse
Ï Excess of 50 per cent of banks are epileptic -Source Bonny Amadi & Motolani Oseni
ÏÏÏ Against the general belief in many quarters that the Nigerian financial system has stabilised, the reverse may be the case as a
reliable source divulged to The Daily Times at the weekend that more banks in the country may collapse soon no thanks to huge non performing loans, and diffiContinued on page 6
FG gives states conditions for financial assistance
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TUESDAY, SEPTEMBER 12, 2017 VOL. 3. NO. 447
N150
GLOBAL FINANCIAL/COMMODITY MARKETS
CURRENCIES/CBN: CBN: N306.00 PER DOLLAR, Parallel Market: USD N367 POUND N472 EURO N432 NSE: ASI 35, 664.94 MARKET CAP 12.29 FMDQ O/N 23.08 OBB 22.33 COMMODITIES: Wheat: US $413.40/MT Rice US $12.46/MT Cocoa US $1,972.00/Bag Coffee US $128.75/Scoop Cotton US $73.42/Unit Sugar US $14.27/Ounce METALS: Gold US $1339.00/Ounce Silver US $17.88/Ounce Copper US $3.04/Ounce ENERGY: Brent US $53.65/PB, N/Gas US $2.93/CB
Anxiety over next CJ as Justice Auta bows out Ï Tussle over who succeeds him begins at FHC Ï Justice Bulkachuwa’s scenario may likely recur Ï Certain stakeholders prefer female judge as CJ
Francesca Iwambe, Abuja
ÏÏÏ
Anxiety is now trailing activities at the headquarters of the Fed-
eral High Court in Abuja as the court begins its new legal year today as well as the appointment of the next Chief Judge Continued on page 5
NiMet: Aviation professionals petition transport minister over workers’ welfare 5 Customs uncovers 1,100 pump action rifles in 20foot container 6 Show evidence of corruption against me or keep quiet, Atiku dares political enemies 10
L-R: President Muhammadu Buhari; Vice President Yemi Osinbajo, Ooni of Ife, Oba Adeyeye Ogunwusi (Ojaja II) and the Sultan of Sokoto, HRH Sa’ad Abubakar III, during a courtesy visit by the National Council of Traditional Rulers of Nigeria to Buhari at the Presidential Villa, Abuja... on Monday
Court dismisses Dino Melaye’s suit, directs INEC to continue recall process 7