CBN Gov warns of ‘imminent’ recession, unfolds flexible forex regime AU, African imminent recession, as the economy nounced that the CBN would partially Heads of State Mathew Dadiya, ƄƑƉ & grew in the negative by 0.36 per cent in loosen the Naira peg to the US Dollar, Motolani Oseni, Lagos pledge support the first quarter of 2016. by adopting a flexible foreign exchange Emefiele, who spoke at the end of the rate regime. ÎÎÎ Governor of Central Bank of Nigefor new AfDB He said the Monetry Policy Commitria (CBN), Godwin Emefiele, on Tues- bank’s 250th Monetary Policy Committee (MPC) Meeting in Abuja, also anday said the country is headed into an B1 blueprint g Continued on page 6
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WEDNESDAY, MAY 25, 2016 VOL. 2. NO. 116
GAINERS
N150
LOSERS
NSE GAINERS AND LOSERS AS AT 17th May, 2016.
CONOIL
23.00
1.99
9.47%
UNIONDICON
13.86
0.66
5.00%
VITAFOAM
4.43
-0.47
-9.59%
TRANSCORP
1.16
-0.12
-9.38%
NEIMETH
1.05
0.05
5.00%
CUTIX
1.65
0.07
4.43%
DIAMONDBNK
1.82
-0.19
-9.45%
FO
205.32
-19.68
-8.75%
Conflicting court orders worsen PDP crisis Peter Fowoyo Lagos
ÎÎÎConflicting
Ï ƑƏƐ ƈ G ƑƋƋƈƇƈƆ L Ɗ ƏƇƈéƋƆƗ ƅ ƏƆƐ ƊƆƏ ƅ ƌƌƈƐƐƆƆ Ï ^ ƏƐ 6 Əƅ ƑƏƐ ƑƏƐ Ƅ Ə d ƆƏƈƇƇéƋƆƗ M& ƇƏ ƌ ƍ Ə Ɨƈ ƋƆ ƗƆƏ
court orders issued separately by two courts, one in Lagos and the other in Port Harcourt, Rivers States, on Tuesday worsened the leadership crisis rocking the the Continued on page 6
Gé`ë Ɔ ƐƏ Ƌ Ɗ 1 ƒƆƏ Əè 1 ƗƓƈ &ƌƆƇƈƆƋƆì ƈ #ƆƍƑƐƕ &ƅ ƌƈƅ ^ Ƌƈƅƕè d Ə Ƌ ƗƆ Ɨ Ɛ ƆƏ #ƆƍƑƐƕ 1 ƒƆƏ Əè RƍƆƏ Ɛƈ è dƑƋƆƈƌ Ə ƈ ƗƑƏƈ ƍƏƆ ƄƏƈƆƇƈ Ɛ Ɔ ƑƐƅ ƌƆ Ƈ Ɛ Ɔ L ƆƐ Əƕ ^ Ƌƈƅƕ ƌƌƈƐƐƆƆ æL^ ç ƌƆƆƐƈ ƈ ƄƑƉ Č jƑƆ Ɨ ƕê
I’m confident PDP ’ll win in g8 2019 – Salvador
Niger to hand over scores of Boko Haram insurgents g6 to ICC
Emir of Kano kicks against child marriage Ï d ƕ è ó9Ɛô ƐƈƌƆ Ɛ ƍƆ ƌ ƏƏƈ Ɔ Ɔ ƈ Mƈ ƆƏƈ ô g12