CBN Opens Discount Window to Boost Liquidity, Naira Strengthens to N282.80/$1 BDCs offer to close gap in FX market
Obinna Chima In a move to avert a liquidity crisis in the interbank FX market, the Central Bank
of Nigeria (CBN) yesterday opened a discount window for banks to meet their short-term dollar demands, THISDAY learnt last night.
Although attempts to confirm this from the CBN proved abortive, it was gathered the move was to help stabilise activities in the
interbank FX market. Speaking in a phone interview with THISDAY, the Chief Executive Officer, Financial Derivatives Company
Limited, Mr. Bismarck Rewane, said the decision to create a discount window would be positive for the market. “You know they (CBN) have
taken out so much funds in the past three days and lack of liquidity will not allow it to Continued on page 6
FG, States Share N305bn as May Allocation Increases by N23bn… Page 10 Thursday 23 June, 2016 Vol 21. No 7728. Price: N250
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TODAY'S WEATHER
ABUJA 16°C-33°C
MAIDUGURI 15°C-35°C
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KANO 11°C-33°C
LAGOS 23C-31°C
PORT HARCOURT 20°C-30°C
FG, Senate Face-off: APC, PDP Clash over ‘Selective’Anti-Graft War Judiciary c’ttee asks AGF to appear before it today Saraki: I know nothing about forgery President writes Senate, seeks Magu’s confirmation Omololu Ogunmade and Onyebuchi Ezigbo in Abuja The face-off between the National Assembly and the presidency took a turn for the worse yesterday, when senators of the Peoples Democratic Party (PDP) and the ruling All Progressives Congress (APC) exchanged words over the criminal
charges brought against Senate President Bukola Saraki and his deputy, Ike Ekweremadu over the alleged forgery of the Senate rules, as well as what the PDP senators termed the “selective” anti-corruption war of the administration. Continued on page 6
US General: Islamic State Ties Divide Boko Haram Senator Iroegbu with agency report A senior United States of America military General yesterday said the Boko Haram terror group had been fractured internally. Lieutenant General Thomas Waldhauser, the nominee to lead the US military Africa Command (AFRICOM), disclosed this in Washington
during his nomination hearing before the Senate Armed Services Committee. Waldhauser said the problem in the group resulted from some members splitting from shadowy leader, Abubakar Shekau, over his failure to adhere to guidance from the Iraq and Syria-based Islamic State. Continued on page 6
BRITS DECIDE TODAY IN HISTORIC BREXIT REFERENDUM
British Prime Minister, David Cameron (right) and the Member of Parliament (MP) for Uxbridge and South Ruislip, Boris Johnson, who have respectively been leading the remain and leave campaigns. British citizens are expected to vote today in a historic referendum that will decide the future of the European Union (EU)