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