10
THISOAY • MONOAY. JUNE lB.1Il12
NEWS
In Brief Court Orders CBN to Pay FIrm n17.4m It Federal H'¥iCCU't silt.,. hl..lrruafuhHordef.d the C@fltral B.ri of Niiefj.. (CBN)to ded...tt the 5t.m ofS1l7 minion from the acCtultorthe f~~tand~same tol"tl!fStelia CorMUlicatlonsUnilld.TItI ordeflivtrn by JIJSUce M.G Umar was aimed at enforcilJa;;.dgment@fltefi!dlnfavouroflnter· st.fiwyearngo~itsprotractl!dlesalbattlewlthNigl'fian
TelKcmt'U"licatforiltnltfd~LIIrUrrt"'in&at thejudgmenl the;.tge held that the Mmof$117,A million was outstandirs prntipaIand ~t asM ohobtr 2011. Thecout a!soheld that foreachadditimtl daoytftwOctober 12 20\'1 that the judgJnenl SLmof SII7 .. millionwas not ~ anadditlonal Knm..dations ofS57.895,90 caIo.Mt~.~ the ~ 1 1!!I"Ht It 18percent per anrun on SI17 .. mdUon shouIcfbtopHI.Au.ordirlIl. to the court the payments should be midi tD~terstll!(J... 1n ~ dollars or their naotqllValent b.sedon tIM --...l1k1guchar@er.JteontllE'
"".........
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'Nigeria ShouIJ Adopt State Police' lRpUty Chairman. Senatt CorT'fI"II H on MMine Transport Senator P\.Is E~1do. yet~ expI'"lI!Swd dismay O'm" thE>
HEALTH MATTERS
l ·R: Commisssttlflf' for Healtft. Cross R~ State. Or. Angela Ovo:-It~ wi", of Lagos State Governor. OaIM Abimbola· FashoIa; (ounb (My agef', Nigeria alld East Africa Region (Pfizer), Or. Ervko Uggert, and Special AdvfHr to the Cr055 Rivet' State GO¥~n)( ~ Public HI!i!llI. Dr Regina Ejemot--Nwadlaro. during Pfizer t~lgerla and East Africa Region (HEARl Pneumococcal rise J!' Summit. at OritWItal Hotel L1gos...rKentl y
FA(HAJ<f
Con1cem Mounts over Forex Reserves Accretion Oblnna Chima The i1aiy p ,.tl1 n .1',de;i by Nigen.'s ~ re!II"'~'S ince
nw,
tIus}'NI' d,S' "hnlM" a5 ill leult of the f~·.J In.'P in the pm of cru'~ 1011 TIlISDA\ d1t r yt <Rrd.l)' sI"CM-ed INt thr for ( -ewn-es -den-ed nuinly fron hP ~ C'ftds 01 aude riI f' 'C't Iucbon. rdl by nUl r:ruJhon n thr ~ nine cbys. hom 'iJi "'6~ btIlion as al June 6 10 $31! SCI billion last ThW5day The
~'e
I,m,
baik ll. Ihl' t!WO debt !iO!IlIIrio. among othrt- rKlertloli factors1k :um:1I1 ulu..: of the 00 p~ refJrctrd ill drop by JS pt"f rent. comparm with it! rei! val~ of SI27 per bane U\ mid·March At ItW!'c.'\Imrt rate d dedinP final'tidl marUt I!'Xperts ~
dtht)'Nf
unr..\'Vt
C'OI'ICa'n
over <;POI n, bank
~
nain as II ~ ~ led sigrifOndy fillet ate LWtrd State dollar, esp«i.l0y at Iht ~and~~'~
For ir1stance. at tlte miebmk
rrnuht.
~ IlIln
has so far
(aJ..Ien by N....68 to NI6l.68 to
NlS9 to " dollar it was on May 15_ Similarly, al the par.a1Jd mMket. the kxaI currency dl"l'lPPnl by a total 0( N4.20 to clci.! at NI6C.20/SI on Frid.y. ~I with the NI60/SI 10 a do llar II WIU a
J~.
on Friday. afie' tetc'tins an ei£lI'·month Jp., '" AI 0( 58l This wu Ittn}\ led to
on
~
.ux.d al
"JI.
~b\'d~
a doUu on FrldaY.IU.,.mt
SJ:1..C18S biIHm Itt the btguri1g ably 10 $35.608 bill on lit the md of thr: fim 1\1. rt'r Ol tI~othtJ eTUde oil ~~1It~1'1 P"l'lwt8
11ll' de\'elornK!hl1w also
imracttd
month8rt~
dieted that (am<; mflow into !he QIlftIy wcukI ran fn:m the S.D! toillion it was in January to SJ.J4 billion next month. wluk! they also forecast ~ ~1f'rnaI ft'!I'I.'I'ves wookI dinunioIh hI $221:oi1lion- ~ legs than threP mon!lt<; of imports
Managing Director of Financiall:lftMtive CompIn Linute:l (fOC), Mr. Rewilne. said the reaont c:\eduy In oil prices was pMtly trig·
Bisrna~
g~
by market 8efItimenb
of a ful'tl1tt deepening CT'i5l5 in the euro-zoot', in conjunt--
lion with
\\19k
the year. "'The questim
15
how \"\IlnenIble a~ NigeN's extefNll mlerVe5, should oil pna!5 drop further. ro.~mp~. to " low of $II) per bIIrrdl1'1¥ Federal G0vernment', budget ill benc:tmarbd to oil pm al $72 per bIIrrd, whi~ Bonny Lighl crudr is tnKling ..t S98 per bun!!. This ~ a ~ cl S26 per- br.vrel. AI the CUrre'll mit: of dedinr. we exp:d ~ inflows III fall from $4.31 billion mJanuary 10 $3.34 billion In July. "If oil priCI!s ~ 10 drop 10 $a) per bmd (which is 3) per an ~ based on 0JI'm1I trends), ~ is. 9S per Cftlt likelihood thai fom; inllows wtll dedine 10 approxunaldy
um blllm"
•
FG In lk)f)StYoung Fanners Ondo: PDP Agrees on with N3""illion Consensus Candidate Alabi abo 5itkl that the on !heir own voIi&n haw reoivtd to pro!lt'Cuir thtu- ...mitions with decorum an.! ~ 10 the part)' iIJ1d that none W{'oUid rontemplat-P MfKtion from the: pari}' no ml!tter '" hidl 0( thmt trI'ItI'gt5 ~
1'1¥ ~1~
ilI1IJ
Run-I
'& truI~ IJto I ~. 'Ynenl.
Alun",'UDu AoI~' ~ ",QUId
~ Nlbillb: tr.n 01 the J6 st111e c( the 't'di ... tm and the Fed~.1 C' ··iI· "1'"t 'rriton· {FCT}, Al>"ja.. t ·· t>1 l' ~ ~
(-unS
fartnm, ~
Uf1 1 .l pw:!IUIl'
mini~h"l
The
..I p,. uo\al· ~",
Afp_ And oH II I JI dUIIg: d Gro!,UI EnhaIu·mt. It Support (CES) Sc:Mne RI,IJ.{"I.II d Agn-
cu1twa!
as ca.ndtdate The~ ....h>tBabd tht- reoIution of ~.l5pir.mb;
as unique and
thdr "15k,,\.
Ins of 'YES{) "-;:'Ii (
~uts (I~ b...zr5..-d
Ai.,
Sea.B) at Iha F~lm ~ t"dsnrnt. [kn in !cot J It' I Tm1l!nl us cl Oyo 5ta1o~ F'" 1I..ed out thai ~ plw" " • ~rt 0(
the efforts of tho pmmt admirustntion 10 h',)I15l food production in tke nuntry> in Ii!nden WIih h SO' enw"eqfs agricultural tr.w.lOI'tNOOn
of gO'm1'll1erlI to the spate of 'IiOIent:t and t@ITorlsmkl5OmE' part:softhecountry H. wid thai 1M Cftltntlised stnxttnof 1M N'VtaPo1kll! F"orct had f.lI.d to ~t tnt waw of Otme terrori5mandg~~tyKrosS theCounlry bKauw HCh r'8lon. statl! or tone"editspecutlll" s~urity chan~ lhat needPd to be handed tiff ffenliy.
FG~C'ttI!eonEconomic Summit Fed;:l'~t t-s lnauguratl!'d the JOII"II Ptamlng
economk:
~er
knownlllflile~thii!riat.ofttM!natKXlMldtherHpOrlSf
The
gt'O"-th I'«'OI'ded in ado.'U'IO!d economies m the first qtar1er 0(
Ie¥II!I of inSKuity In the Coorltry. and adYoc.1ted It.- rntroductron of slate poIi(US a wat,oUt oft.... sltuationEwtterw:lo who represents the ~ta Centnl Senalorial dislrict made his vill!'W
II. mark of SIIirl they d r arly di.splayed tiull ~rm'!i:n iii nul tf.p narnp cl
~portsmanship. Nt \ '!'
tho~ 8'"" bu. i! "'" "_ of stat!' at " centerpierce of their political ac6ans. ALotbi said v.-ith the action >If U,e otipinnm. tfw PDP II; dmorrnirwd and focused an Its strids 10 the Govenmm1 Hou..q
lie said nothins ~i11 stmd brhvftn them and victory in the Octclber 20 gubernatorial election in the state..
Conmttll!@(JPClforthl!\8tbN'.gtrianEconomtCSurmoorfNESJ n.5Um1It.organiwdarnwlytNthefllgtrianEconomic.s...m.t G<oup{NESG(ond ... Notlonoll>t....... C"""""IonINPn" the largest lI!Conomic foIvt'I for policy makefslOO captains of
___ ""_.stttonor..."""",,,"..-
a~oppor11rityforpartlc.pttsirddngthll!«adtrnIa.cMI
SOCIII!tyorganisattonsanlidirYelopmrip¥tnl!ntodll!lbll!rat!(J'1 keylssuesandchan~cmfront. .theNlgeri/lttll!Conomyln anattenvt to II1iw at 'CDn'f'I'IOfIstrattgY antfpolicy~ for solution.
Dana Clash: CluthCondoieswithFamiIies ThII!Mvis:Kyao.dand thePrelateof theEtll!fTlli5lcrl!d0rde"d theChen.Dnand5eraphmMwc~Wlththef~who
lost thetr loved ones In the IIJ..f al~ Dana .... ptane cBShon.k.ne 3. 201l.ln a statement s~by thl! 5«:rI!tlf"y to theOrder. tr D.L 8ob-MaIIJel thePrefate, His En'Inencelazarus ~ prayed the Almighty God to grant tt. families the fortitude to the Irrll!pilflblll! loss. "Ourprly@'"Sar-ewithyou MayGod ~ agatnaliowsuch Iosss In your famillt>s To ourPresQnl., DrGoodluck Jonathan, W'II! pray till! God WI HIs .,finitl!mll!ftYwi ~ such tragedies and grMlt you ti.e slrength of dtMilClttto lead HIs thildren ""lit! cOUl'"l8I! with cou-age and trut"-
be.
Bakare: I Feorfor Nil!erlo's Survival
Formenlce presidential candiOate of Congress of ~siw ~af'IlleadetoflattI!fRalnAs~PastorT\J"de8akn ~tl!fdlyll!Xprll5sedfeltf5oYe'"the~ofNigll!rlaasat..rit!d entltybeyond20!51fthedecay~thesystl!l1lcontrul5
I.Nbatll!d Briefing ~ In his duth 1n Lilias.. the dII!ric: said "unlII!SS people of goodwill rise~ 10 stop the sfidt. WI! I'IiI wake up one day and discover that NIgeria Is no ~ Bakn who ~rked that fll!Cent eYents In thecountry".e f~l"," ing andsidl:eq added that "it Is out of uttll!!' ~s!hit Nigerians are gOOg through all the mess" He ftSlfl-of said"ra reMOnabIe person can think of 2015 elections with the 'IObne of 2012~sunc.telRd"
'Bad Fuel NotResponsiblefor Dana Crash' Arronavtlcal etlIil'lHfS arid pilots havt= expressll!d dcdlt tfgt contaminaled fuel QS responsible for the crash of D.nt Ai flight J90992that ki"~ 15:ipll!f50f'5onboilrdonkllll! 1201.2. The pilol of the aircraft reported the failtn of the two ~ before it C1iHhed at ljuarea of lagos where it croshtd on ttnf tnMSkiDinR 10peoplll! ongrOlnl /l,pIIot, toh:I ;salsoll"ler.re. t~d THISDItV ye5ttrday that a'thouWl ::OfIIMn,na:ed fuII!IU:l damagelnd fWfttUallyldll the lI!flINol oYIl1I"CTaft but forthl!fUI!I lowred:: suchdamage it must have been so cootalTlloal~ that It could not be dispensed WIth. brows~_ a machil1e tNt f~ fuel to the alrcr.Jft.lddlng that "the pltat would rKei~onough sl,gns from the aircraft at'Id the gaugP~ fa k"OW il t I ~e time of 1a«lngofflh.t thl! fuel In the.lro.f! Is/'ughlycon taminated •
Container Crushes Sin '--os Na fewoer"thanfiwpers0n5 l'I«ecrush;dfodealh at Paktltn k.oIo arll!a of l~gos on SattSday aod wwr aI others severel, in;urEd as. container load!d v,lth goolb fell off a truck at the Ptar.k marbt In ttl!" ...... According 10 reports. tM truck ....tIICh~'/I.; hI!~to Okot. arl!a of thest.te from Ikc~ wItS dll!scendlng the~a~ bridgewtwn thedri'Rf suddenly lost tontrol of the tnkII!s and fll!ll.t tt.e sIdII!wey Eyewttn!SSKClUlt SMddll!sperate atterJl)tsbythe~tocontroithetrvdcprowdabortMand
in thII!prOCIl!Ss.
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