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THE

DAILY

TIMES

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

NSE QUICK BITE

dailytimesng

A’Ibom, Rivers, Bayelsa, Delta, Lagos get highest FAAC allocation in QI

ÏÏÏ As FG, states, LGAs share N1.4trn in QI Mathew Dadiya, Abuja

ÏÏÏ A

report from the Federal Account Allocation Committee (FAAC) has shown that five states

out of the 36 states of the federation and the FCT received the highest amount out of N1.4 trillion allocated in the first quarter of 2017. Continued on page 6

Exxon, PENGASSAN negotiations fail

15

MONDAY, MAY 22, 2017 VOL. 3. NO. 369

www.facebook.com/dailytimesngr

GAINERS AS AT May 19, 2017

N150

LOSERS AS AT May 19, 2017

Anxiety mounts as Lawal, Oke’s fate hang WAPCO

48.00

48.50 1.01%

ACCESS

7.28

7.35

0.95%

UACN

Ï Presidency calls for patience, says Babachir, Oke remain suspended Ï ’Report to wait, 2017 budget most important now’ Ï Cabal in Aso Rock working to frustrate implementation of report -Source Ï Osinbajo empowered to act on report, say Ozekhome, Ali, Falana, others

15.15

14.90

UCAP

-1.65%

Tony Amokeodo, Chris Emetoh, Abuja

ÏÏÏ Palpable anxiety and expectations are now trailing the inability of the

3.05

3.00

-1.64%

Acting President Yemi Osibanjo (SAN) to take key decisions on certain government activities especially the outcome of the Continued on page 6

Presidency: How Buhari govt 6 will drive new executive orders NCAA orders Ethiopian airlines to stop illegal 20 deportation charges We invested over $7bn in Nigeria in 15 years - Dangote 12

L - R: Mr. Tijjani Borodo, Company Secretary, FBN Holdings Plc; Mr. UK Eke, MFR, GMD, FBN Holdings Plc; Otunba (Mrs.) Debola Osibogun, Director, FBN Holdings Plc; Dr. Oba Otudeko CFR, Group Chairman, FBN Holdings Plc; Mrs. Ibukun Awosika, Chairman, First Bank of Nigeria Limited; and Dr. Adesola Adeduntan, MD/CEO, First Bank of Nigeria Limited and Subsidiaries at the Fifth Annual General Meeting of FBN Holdings Plc... on Friday.

MPC: Analysts project no changes in economic indices

Motolani Oseni

ÏÏÏ As Monetary Policy Commit-

tee (MPC) of the Central Bank of Nigeria (CBN) meet in Abuja today (Monday) and tomorrow for the third time this year, financial experts have projected retention of all economic indices. The 256th bi-monthly meeting would be concluded tomorrow, Tuesday, May 23, 2017 and finance professionals hope the MPC mem-

bers would keep benchmark lending rate unchanged at 14 per cent; retain Cash Reserve Ratio (CRR) at 22.5 per cent as well as Liquidity Ratio (LR) at 30 per cent. Although, if the monetary indices are left unchanged, it would be the fifth consecutive time the MPC would be sustaining the status quo. The Daily Times, however, observes that the committee at it last meeting held Monetary Policy

Rate (MPR) at 14 percent, with the asymmetric corridor at +200 basis points and -700 basis points, CRR and LR at 22.50 percent and 30 percent respectively for the fourth time at its March meeting. Commenting, Director General of the Lagos Chamber of Commerce, Dr. Muda Yusuf, said he strongly believes that the committee would maintain the status Continued on page 12

Nigeria faces fragile economic recovery prospects in 2017 - World Bank 7


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