Friday 26th August 2016

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Banks’ CEOs Intervene on Ban of Nine Banks from Forex Trading Naira Falls to N408/$1 on parallel market

Obinna Chima The Body of Banks' Chief Executive Officers yesterday met in Lagos to review the current developments in the

industry, especially issues around the ban imposed on nine commercial banks by the Central Bank of Nigeria (CBN), barring them from participating in the foreign

exchange market. At the end of the meeting, which was presided over by the chairman of the body and CEO of Access Bank Plc, Mr. Herbert Wigwe, the

body agreed to work closely with the CBN to address the issue that led to the ban in a manner that would protect the stability of the industry, as well as to ensure proper

conduct in the optimisation of the foreign exchange market. The Central Bank of Nigeria (CBN) on Tuesday barred nine banks from participating in the forex market for not remitting

a total of $2.334 billion Nigerian National Petroleum Corporation (NNPC)/Nigerian Liquefied Natural Gas (NLNG) Continued on page 10

Osinbajo Preaches Hope as Ambode, Kerry Urge FG to Restructure Economy…Page 10 Friday 26 August, 2016 Vol 21. No 7791. Price: N250

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Niger Delta Crisis: Soyinka Tells Buhari to Engage Militants Kachikwu, monarchs reiterate commitment to peace Chineme Okafor in Abuja Nobel Laureate, Wole Soyinka, yesterday urged the federal government to engage the Niger Delta militants and respond positively to their demands in order to engender lasting peace in the region. The Nobel Laureate, who said he had been contacted to

intervene in the Niger Delta crisis, spoke as the Minister of State for Petroleum, Ibe Kachikwu, met in Abuja with traditional rulers from the coastal communities of the region and agreed to recommit to a peaceful resolution of all the issues in the oil rich region. Continued on page 11

Again, Herdsmen Invade Enugu Community, Kill Catholic Seminarian

We'll no longer tolerate this heartless killings, says Ugwuanyi

Christopher Isiguzo and Gideon Arinze in Enugu Suspected Fulani herdsmen in the early hours of yesterday invaded the sleepy Ndiagu Attakwu AkegbeUgwu community in Nkanu

West Local Government Area of Enugu State, killing a Catholic seminarian, Lazarus Okafor, and injuring four others, including a pregnant woman. Continued on page 10

Chibok Families to Buhari: Bring back our girls or resign… Page 11

ROYAL VISIT

President Muhammadu Buhari (left) welcoming the Alaafin of Oyo, HRM, Kabiyesi, Oba Lamidi Adeyemi III, to his office at the Presidential Villa Abuja… yesterday


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