Tuesday, june 21, 2016 binder1

Page 1

Forex: Naira slumps to N280/$ on interbank market

lCBN appoints 15 FX primary dealers Tony Chukwunyem

T

he naira plummeted against the dollar on the

interbank yesterday, as the Central Bank of Nigeria’s (CBN) new forex

policy commenced on an impressive note after an initially slow pace.

The banking watchdog sold a total of $616.5 million on the first day of trading under the new system, initially selling $530 mil-

lion for N280 per dollar at a special auction to clear $4 billion forex backlog and later selling a further $86.5 million directly on the in-

Senate queries CBN, BOI, airlines over N500bn intervention funds }2

terbank market at between N280 to N285, Thomson Reuters data showed. The banking watchdog, in a statement, also confirmed that it cleared CONTINUED ON PAGE 4

Sanctity Of Truth

NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS

Ize-Iyamu emerges Edo PDP guber candidate }42

/newtelegraph /newtelegraph

Vol. 3 No. 853

Tuesday, June 21, 2016

Abia North: No election in Arochukwu, Isuikwuato – Witnesses }41

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

Jonathan's aide, Dudafa, gets N500m bail }10

Biafra: Kanu drags Justice Tsoho to NJC }3

N150

Nigerians reject immunity, pension for Saraki, Dogara lTUC, SERAP, Balarabe, Junaid, others kick Ize-Iyamu

Yakubu

Dufada

Kanu

}2 & 5

lFG may arraign Senate president, Ekweremadu today Civil servants protest, demand removal of Finance Minister

}5

Finance Minister, Kemi Adeosun

Staff of the Federal Ministry of Finance protesting at the gate of the ministry in Abuja… yesterday.

PHOTO: ELIJAH OLALUYI

Campaign funds: EFCC freezes Fayose’s account lGovernor accuses Buhari’s wife of corruption

}3

Too many selfies could speed up ageing

}6


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