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News APC faults govt’s order to INEC P4 Sports Keshi: Eagles must beat Bafana P24 Business NLNG stakes $1.5b for six ships P25
•Nigeria’s widest circulating newspaper
VOL. 9, NO. 2965 MONDAY, SEPTEMBER 8, 2014
TR UTH IN DEFENCE OF FREEDOM TRUTH
N150.00
Two ‘large banks’ record zero liquidity ratio, says CBN report
Ebola vaccine hope rises
V
ACCINATED monkeys have developed “long-term” immunity to the Ebola virus, raising a prospect of successful human trials, say scientists. The experiments by the United States (U.S.) National Institute of Health showed immunity could last at least 10 months, according to a report by the British Broadcasting Corporation (BBC). Human trials of the vaccine started last week in the U.S. and will extend to the United Kingdom and Africa. The World Health Organisation (WHO) said more than 2,000 people have died in the outbreak in West Africa. Several experimental treatments are being considered to help contain the spread of Ebola. Continued on page 4
•www.thenationonlineng.net
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•CBN chief Emefiele
HREE banks have recorded a negative liquidity ratio in a stress test conducted by the Central Bank of Nigeria (CBN) on 21 deposit money banks and 14 foreign subsidiaries. Of the three, two are among those categorised as “large banks”. Liquidity ratios measure the
By Collins Nweze
ability of banks to meet short term debt obligations. The CBN Financial Stability Report released at the weekend said the zero liquidity ratio recorded by the lenders followed a cumulative 30-day shock conducted by the regulator to assess the resilience of
the industry to liquidity and funding shocks. The test was conducted using the Implied Cash Flow Analysis (ICFA) and Maturity Mismatch/ Rollover Risk approaches. The ICFA test, the CBN said, assessed the ability of the banking system to withstand unanticipated subContinued on page 4
•INSIDE: FINTIRI PICKS ADAMAWA PDP TICKET P5 3 ‘DIMGBA IGWE’S LAST MOMENT’ PP5 5 P53
State varsity shut as Boko Haram takes more towns 50 insurgents killed, says army Borno SSG laments ‘critical situation’ From Barnabas Manyam, Yola
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UNIVERSITY was shut yesterday and students sent home as Boko Haram fighters continued their incursion into Adamawa State. To prevent an attack on students, the Adamawa State Government shut the state university in Mubi as the insurgents overran Uba, a town five kilometres from Mubi. Other towns taken at the weekend by Boko Haram fighters are: Michika and Bazza. Both towns, along with Uba, are in Hong Local Government Area . But the sect suffered a major setback, with no fewer than 50 of its men killed in a military raid in Borno State. The army said yesterday that security forces raided a “hideout” of suspected Boko Haram members in Kawuri, a village about 37kms from Maiduguri, the state capital, on Saturday. The suspected fighters were planning an attack, the military said. Heavy artillery, including anti-aircraft guns and an armoured vehicle, were seized in the raid. Three soldiers were injured, the army said. The sect’s fighters seized more towns in AdContinued on page 4
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WHEN WILL THE CHIBOK GIRLS KIDNAPPED ON APRIL 15 BE FREED?
INSIDE •Tales of horror from child-victims •Jonathan in Chad for talks on terrorism •PDP defends Ihejirika •Probe Sheriff call •AND MORE ON PAGES 2-4,9&56
•Some Internally Displaced Persons (IDPs) during the visit of Borno State Governor Kashim Shettima to their camp in Maiduguri…at the weekend.
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The threat of insecurity affects everybody... The enabling environment for politics and electioneering campaign is simply not obtainable at present
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•ALLEGED N6.113B FRAUD: EFCC DECLARES POLITICIAN, BANKER WANTED P53