FG’s exchange rate policy doomed to fail –Sanusi Ï Nigeria needs ‘sensible’ forex policy, says IMF boss
Segun Adio
ÎÎÎThe Emir of Kano and
(CBN), Muhammad Sanusi II, has warned that President Muhammadu Buhari
the immediate past governor of the Central Bank
risks exacerbating Nigeria’s economic woes and undermining his govern-
policies that are doomed to fail. Speaking in an interview with the Financial Times in his palace in Continued on page 14
ment’s achievements on security and corruption by endorsing exchange rate
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TUESDAY, FEBRUARY 9, 2016 VOL. 2. NO. 40
GAINERS
N150
LOSERS
NSE GAINERS AND LOSERS AS AT 8 February 2016.
DANGCEM
124.3
134
9.7%
SEPLAT
243
254
2%
GUINNESS
122.34 119.5
-2.84%
CONOIL
22.34
20.25
-2.09%
NESTLE
703
705.02
2.02%
UNILEVER
30.34
31.84
1.5%
MOBIL
147.63 145.01
-2.62%
OKOMUOIL
29
27.99
-1.01%
Wike: How Supreme g 8 Court averted bloodbath in Rivers by canceling re-run
Ramsey L1 Nouah g Exploring the military in ‘76’ movie
NLC,TUC give DisCos,NERC two weeks to revert to old tarrifg6
CBN policy on forex to revive domesticg12 industries –Emefiele
Minister shocks Senate, disowns Health budget Ï Says ‘This was not what we submitted, we’ll submit another one’ Ï ‘Nigerians have developed strong resistance to Zika virus’ Ï Senate walks out SGF, FRSC representatives at Budget defence Olufemi Samuel, Abuja
ÎÎÎMembers
of the Senate Health Committee got a shocker on Monday when
the Minster of Health, Professor Isaac Adewole, during a Budget defence announced the rejection
of the Ministry’s budget, claiming that some individuals had smuggled strange figures into it.
The development came just as the Senate on Monday expressed anger over failure of the Secretary
to the Government of the Federation (SGF) Babachir Continued on page 6
L-R: President, Trade Union Congress (TUC), Com. Bobboi Kaigama; President, Nigeria Labour Congress (NLC), Com. Ayuba Wabba; Senate President, Dr. Abubakar Bukola Saraki and Senate Leader, Sen. Ali Ndume during the NLC/TUC rally against the increase in electricity tariff at the National Assembly Complex Abuja… on Monday.
ÏCCT: Saraki won’t resign, trial political –Senate
g 12