Dtn 6 9 17

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THE

DAILY

TIMES

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

dailytimesnigeria

Gencos, TCN, Discos underperformance threatens FG target –Report

Ï Counsel on adequate metering, network upgrade Ï Banks deny Egbin new credit line over N125bn debt

Simon Ugwu, Lagos

ÏÏÏ There are indications that

the Federal Government may not meet set targets in the power sector as a result of the underperfor-

mance of many operators. The Nigerian Electricity Regulatory Commission (NERC) that has been monitoring the Electricity Generation Companies (Gencos), Transmission Company of Continued on page 6

4 market women die in Plateau flood

www.facebook.com/dailytimesngr

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WEDNESDAY, SEPTEMBER 6, 2017 VOL. 3. NO. 442

N150

GLOBAL FINANCIAL/COMMODITY MARKETS

CURRENCIES/CBN: CBN: N305.90 PER DOLLAR, Parallel Market: USD N365 POUND N470 EURO N430 NSE: ASI 35, 403.92 MARKET CAP 12.20 FMDQ O/N 12.67 OBB 12.17 COMMODITIES: Wheat US $433.40/MT Rice US $12.67/MT Cocoa US $1,274.00/Bag Coffee US $127.75/Scoop Cotton US $75.30/Unit Sugar US $14.12/Ounce METALS: Gold US $1341.70/Ounce Silver US $17.89/Ounce Copper US $3.12/Ounce ENERGY: Brent US $53.56/PB, N/Gas US $2.97/CB

Mixed reactions trail Nigeria’s exit from recession Ï Exit, indication of Buhari’s performance -FG Ï CBN: We predicted exit in May Ï It’s not yet Uhuru for the economy -ASSBIFI, others

Ganiyu Obaaro, Bonny Amadi, Motolani Oseni, Lagos and Samuel Idowu, Mathew Dadiya, Abuja

ÏÏÏ

Following Tuesday’s pronouncement by the National Bureau of Statistics (NBS) that Nigeria, which has been reeling under excruciating pains of reces-

sion since late 2015 may be gradually exiting it, mixed reactions have expectedly begun trailing it. The NBS provides comprehensive, timely, relevant, responsive and customer focused statistical information. Although, Nigerians Continued on page 5

Obstructing masts, disaster in waiting at Enugu Airport –Investigation 5 Magu never said fight against corruption has failed – EFCC 7 NARD’s strike: LUTH, others record low 7 turnout of patients

Members of the National Association of Nigerian Students (NANS), during a protest over Academic Staff Union of Universities (ASUU) strike at the Unity Fountain in Abuja… on Tuesday. PHOTO: TEMITOPE BALOGUN

Why FEC meeting is not holding today –Minister 26


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Dtn 6 9 17 by Daily Times of Nigeria - Issuu