CBN, Citibank execute first Naira-Settled OTC Futures By Babajide Komolafe
L
AGOS — THE new foreign exchange policy, yesterday, received a $20 million foreign investment boost
•As new forex policy attracts $20m foreign investment as the Central Bank of Nigeria, CBN, and Citibank Nigeria Limited
executed the first NairaSettled Over the Counter (OTC) Foreign
Exchange Futures. Meanwhile, the CBN, yesterday, assured
Bureau de Change (BDC) operators that it was working out
FG, Chinese investors sign $50bn MoU on oil sector funding •P.2
...towards a better life for the people
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VOL. 25: NO. 63061
modalities for resumption of dollar sales to the subsector. Announcing the NairaSettled OTC transaction on its website, yesterday,
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ONLINE | www.vanguardngr.com
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THURSDAY, JUNE 30, 2016
ALLEGED FORGERY:
Resign, SGF tells Saraki, Ekweremadu
By Henry Umoru & Joseph Erunke
•Says Senate not on trial •Saraki, Ekweremadu won’t resign — Senate
A
BUJA—THE Secretary to the Government of the Federation, David Babachir Lawal, has thrown himself into the fray in respect of alleged forgery trial of Senate President Bukola Saraki
Continues on page 5
COLUMNISTS:
Hijab and institutions of many colours
•P.31
A clash of three powers •P.17
Mr & Mrs RAMADAN: President Muhammadu Buhari (middle) when he hosted traditional rulers during the breaking of Ramadan at the Presidential Villa, Abuja, yesterday.
How court sacked Modu Sheriff as PDP chairman
>>2
Economy: NIMASA broke, struggling to pay salaries — Peterside
>> 9
How will BREXIT affect Nigerians? •Pgs 27-30
Ex-Transport Minister, Ojo Maduekwe dies at 71 •P 16
Novelist Elechi Amadi dies at 82 •P 14