Thursday, september 1, 2016 binder1

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CBN re-admits suspended banks to forex trading ed commercial banks, the Central Bank of Nigeria (CBN) has reinstated the eight banks suspended last week from further dealings

Abdulwahab Isa Abuja

S

atisfied with credible re-payment plan submitted by affect-

in foreign exchange transactions. Their reinstatement was announced yesterday in Abuja at a joint press

briefing by the banking watchdog, representative of banks’ Chief Executives and the Chartered Institute of Bankers of Nigeria

Naira drops to N420/$ on parallel market }37

(CIBN). The apex bank had, last week Tuesday, banned nine Deposit Money Banks (DMBs) from the nation’s foreign exchange market for failing to remit the sum

of $2.3 billion belonging to the Nigerian National Petroleum Corporation (NNPC) to the Treasury Single Account (TSA). The affected banks are: CONTINUED ON PAGE 4

Sanctity Of Truth

NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS

Thursday, September 1, 2016

Wike suspends four commissioners, }6 Head of Service

/newtelegraph /newtelegraph

Vol. 3 No. 925

Wike

Herdsmen rob commercial vehicles in Asaba }9

A herdsman

Ondo guber poll: APC can’t afford to fail –Tinubu }12

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

Tinubu

30 girls rescued from pastor's sex camp }8

N150

The church

It’s official! Nigeria's economy in recession

l79.9m Nigerians jobless l600 pilots roam the streets }2, 4 & 5 l1,200 workers lose jobs as Aero Contractors halts operations lInflation hits 17.1% in July lPDP demands Buhari's resignation lEconomy surpasses IMF's negative prediction – Presidency Aero contractors stops operations

not a laughing matter...

L-R: Ministers Kemi Adeosun (Finance), Zainab Ahmed (State for Budget and National Planning), Aisha Alhassan (Women Affairs), Lai Mohammed (Information) and Amina Mohammed (Environment), during the Federal Executive Council (FEC) meeting in Abuja…yesterday. PHOTO: TIMOTHY IKUOMENISAN

Army deploys 500 soldiers as Buhari visits Osun }40

Some staff of Aero Contractors sitting behind the empty counter at the Murtala Mohammed Airport II, Lagos after the airline suspended its operations…yesterday

Court orders arrest of FirstBank officials for forgery }10

Folic acid reduces risk of congenital heart defects }6


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