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Farmers plan to import maize as local prices skyrocket OLUYlNKA ALA.... ODE
e rising prices
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portam ingred~t In IIV!! ;Iodc feed wbid:J Is also highly demanded by I,umans for conswnpdon, ha; led some poulrry £umers II Ito making plans to Impon tb, product. Donm AgboJo President. Poultry Associaw In of N1ge-
rl~~_ (PANl-'G~ said thea.odaliCn Is ahady
sel to SO lnlD ImloOJUtion of mal7.e!Ou lomU g;Jtelheeffea of iocreaslng Jhortage In ma.I7.e supply whd'lls making It unbearabl! (or many IM:stock farmers tooontinue In business. "CurrentJy. there It no ban on Importati In of maize
into the countr '. Until recemly. hoWt!YeI onl)' very big fanns. and felll and oon-
We are yet to condude investigation into Bellview, AOe air Dashes - AlB
Tambuwal canvasses appropriate sanctions for abuse of buildi ng
code
ommissioner. Ache Speaker of Ihe ddenl lnvestlgation House of RepresenBureau (MB). Mult· tatives, Amlnu TamIUlna-goods manufllClllJ'en pron, margin of livestock tion facilhies_ ThLs makes it Impon malu but we need farmers as they are unable to rooreeKpmSiYefO growmai:te tar Ulman. said that the buwal. on Wednesday can(() e:Kplore this option oHm- immediately aansfer these In theoft,season forlndMduaJ bureau had yel to conclude vassed approp rlale UDCponation 10 we can use It In costs to consume" 10 as Iiumers. II) Importtd maize Is lovestlgatlon InfO the BeD- tions for non-compifance to compounding feed for our n Ol to lose CUSfomen whose cheaperthanoff5eMOOmaize view crnh of 2005 and the Ihe National8uUdlngCode. ADCcrash of2006. Tambuwal Aid thIs at a chlckrn..: he saki purchasing powers are on In~- he added Usman lo ld the Jo io l public hearing on a bill for CUrren t repo rts by the Over 400 metric IOOJ of the dKline due to current maixe is imponed annually ~onomlc realilies_ Some Food"""~..... """,,,- Senale and HOUR of Rep- an Act for the enfort:ement into the country. There was pouIuyfimners ha\-eevm left. sation (FAa) has, howew:r. re- resentatives Commluee. of the National Building a ban on imponalion In 2005 ~businessl'eOmtlybecause ~ that oounlries like the 00 Aviation Invesllgatlng Code. within the Federal bUI II was Ufted three yean high cost of feed I~ making k Unilcd Stales and Gennany the Dana a nd Allied AIr- Capllal Territory (Fer). The bill seeks to enforce lara Currently, mal:ze is on dlfficult to break evm,.that are major CXJJOnel"!l of lines crashes In Abu,. on the code and provide for Nigeria's e%pOn prohJbition Africanfannef Mogaji•• maizeare now havtngdefidts Wedneiday that the rqKIn of the SOSOU50 air crash of punishment ror non-comlist as IocaJ production still maI:ze Cartnn. explained the and woukI not be abietD meec pllana: to national building fails very shon of demand reaJOn for Increasing prices any fncfa.se in IntematlonaJ 2005 had been released_ The commlsslon~ howleading 10 price hlke5. A of maize. He said 1nJiasuuc- demand focgnlm. ""'~ The hearing was organGRIll Hatch,. Sen1ot"SalaI- eYe!; tokllhecommltteethat Ion of maize which sok:I Cor rural challenge has made it NS1"OOO this time lasl year dUllcuh for fanner! to plant egis, al Accemure, said re- the Investigation Into the ised by Ihe House of Repnow goes: fo r N63.000 and maize In the off season when cen!!y thai counrrles like Belleview and ADC crashes resentatives Committee on I lousing and Habitat. Nigeria thallmpon food al was In Ihelr final srages. the price has continued ris- there ~ no 11liru. He said that the d~y In The Speaker. who was an Increasing mle would not Ing due to Ins«:wity In the ~ for those of us ~-ho releHing the repon of the represented by Leo Ogor nonhem pan oflhecounuy plant in the off season. It Is be able to get enough in the which has brad manyfann. inlemallonal rnarltets. Uofl«! BeUvtew and ADC crashes (PDP-Delta). the deputy ers to down tools. fadlities. apart from sinking ~andotheresporteaaR; was due 10 the fact thai leader of the House. called Kola Oyedeji, a poultry boreholes or wells for water unlikJ!Iy 10 loaease supplies some Investigation. nor- on stakeholders in ~he to the InternalJonai market mally take longer than oth- buUding industry to ensure farme&said. ~Isrislngcosl supply. one would also need of maiu: and other feed in- genem.ingsetswithatteJ¥lult in order to meel Iheir own ers depending on Ihe nature that buUdel"!l complied with of each accld~t. Ihecode.. gredients I. red udns the aJSloffud IDpowertbeln:ig:a- domestic demand.
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-eG.G REENWICH
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Daily Market Report as at j une 20, 2012 Synopsis on Wl!!dnesdttV. the Nigerian Stock Exchange (NSE) malnUilned an opward trajecmfy fo~ the second consecutive day dosing the third trading dav of the week In the (p"eefl moe.. The AU-5hare Index and Mar1!;« Capitall.r.lItlon further appreciated t>v 203 basis points (2_03,..). each, to dose.t 21,510.70 and N6_87 tr1fU~ respectively. wMn compared to their previous tradlnv FIgures. Howeller, th~number of deals decreased by "' .48 percent. the volume of duls dnJpped by 29 _02 per~landthevalUl! ofdeiliis traded on the noor lost 18.39
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Fixed Income Statis tics
Economic Indic.atO nl '.II ", k>~' M ,, 'UI
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Crude: 011 pricu feU on Wednesday. The WTI crueIe deCTl!ased by 1.39 per ~t to dose at $82.93 per balTll!land lhe Brent crude Future At the fixed Income mar1tet on Wednesday. lost 1.36 per cent tD dose at $95.02 per barrel yields on most long and short tenor bonds
Mosl A c tive S t,ock&
from their ~ trlIdlng price.
rose. Just lIS their prices dropped .
Nieeria Inter- Bank O ffer Rate " _r~
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AdvanceB-oedlners (AO) from 1 to 11 . as the AD Une trel'lded opwards _ In the same lIeln. the volume of Advancer5 was nigher than the volume of Oecilners . This svggests the market ma further The
S~ad Increased
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ForeiRJI Stock I\brkets
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"J Monel' mar1tet rates rose at the Inter-Bank mar1!;et on Wednesday.The Call NJBOR. HeClA
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Il'ICrQsed by 0.5<1 percentage point from Foreign stodt mar1teu dosed on '"".,... "~,. 15_SO'tb tD 16_04'110 and the 365-1:1av NIBOR the end of their TUesdaV I:r.Jdlng appreciated by 0.25 percentage point from US Dow Jones (OJIA) appredated cent. the sap SOO I no 17. 13'tb tD t1_ l~ .
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