Friday telegraph friday, june 24, 2016

Page 1

CBN, bank treasurers meet over forex, liquidity crises

lFitch downgrades Nigeria to ‘B+’ lMobil sells $100m Ayodele Aminu

I

n a bid to review and fine-tune the newly introduced foreign

exchange policy, as well as discuss the current liquidity crisis that has astronomically raised interbank rates, lenders’ head

of treasury are meeting with the top officials of the Central Bank of Nigeria (CBN) in Lagos on Sunday. The planned consulta-

tion emerged hours after Fitch Ratings downgraded Nigeria's Long-term foreign currency Issuer Default Rating (IDR) to 'B+'

from 'BB-' and Long-term local currency IDR to 'BB-' from 'BB' with stable outlooks. New Telegraph learnt that the meeting, which is at the instance of the trea-

surers, is basically to review the new forex policy that commenced last Monday and possibly fine-tune some of the grey areas. The meeting, which is CONTINUED ON PAGE 4

Sanctity Of Truth

NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS

Police officers must declare assets –Acting IG }5

/newtelegraph /newtelegraph

Vol. 3 No. 856

Friday, June 24, 2016

Magu to associates: Stop extorting suspects in my name }6

N10bn loan: AMCON takes over Murray-Bruce’s assets }6

@newtelegraph1 www.newtelegraphonline.com @newtelegraph1 www.newtelegraphonline.com

Shell facility attacked in Imo }4

N150

Army: No plans to overthrow Buhari Idris

Magu

Murray-Bruce

Okunbor

...investigates rumoured coup plot lSoldiers, police in shootout }2 FG arraigns AVM Ojuawo over alleged N69.2m bribe }6

A serving officer of the Nigerian Air Force, Air Vice Marshal Rufus Ojuawo, during his arraignment for alleged fraud at the Federal Capital Territory High Court, Abuja …yesterday

Lagos shuts 101 hotels, churches, mosques, clubs }8

Some form of cancer could be contagious –Study }10


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