THE
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MPC under pressure to reduce benchmark interest rate
Ï MPC may retain economic instruments for 8th times -Expert Ï Benchmark interest rate, CRR reduction top agenda Ï Its too early to reduce interest rate -Afrinvest Motolani Oseni, Lagos
ÏÏÏ The Monetary Policy Com-
mittee (MPC) of the Central Bank of Nigeria (CBN) may be under
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severe pressure over some economic decisions it will take today. Consequently, pressures from different financial stakeholders in the country have continued to Continued on page 6
MONDAY, SEPTEMBER 18, 2017 VOL. 3. NO. 452
N150
GLOBAL FINANCIAL/COMMODITY MARKETS
CURRENCIES/CBN: CBN: N305.95 PER DOLLAR, Parallel Market: USD N368 POUND N480 EURO N438 NSE: ASI 35, 005.57 MARKET CAP 12.07 FMDQ O/N 12.17 OBB 11.33 COMMODITIES: Wheat US $449.00/MT Rice US $12.81/MT Cocoa US $2,009.00/Bag Coffee US $140.00/Scoop Cotton US $70.13/Unit Sugar US $14.55/Ounce METALS: Gold US $1325.20/Ounce Silver US $17.61/Ounce Copper US $2.93/Ounce ENERGY: Brent US $55.62/PB, N/Gas US $3.02/CB
4 days after, Kanu, parents still at large Ï Police takeover IPOB leader father’s palace Ï Sunday church services in Umuahia peaceful, solemn Ï Gov Lalong relaxes curfew in Jos
Sunday Nwakanma, Umuahia, Kingsley Chukwuka, Jos and Lateef Ibrahim, Abuja
ÏÏÏ
Four days after the Nigeria Army onslaught on the residence of the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, in Afaraukwu in Ibeku Umuahia Local Government Area of Abia State, his whereabouts is still unknown as the issue is now on the lips of every resident in the state, especially, Umuahia, the state capital. His father, who is the traditional ruler of the area and his wife, is yet to make public appearances, while the Continued on page 5
Manufacturing sector still deep in recession, says NECA 7 AFC: Nigeria needs $3trn economic 6 infrastructure in 30 yrs Strike: ASUU, FG meet today to thrash out ‘grew areas’ 7
Dubai properties of former Petroleum Resources Minister, Diezani Alison-Madueke.
Egmont suspension: FATF threatens to suspend visit to Nigeria over FG failures 5