Thursday 17th Noverber 2016

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Moody’s: Dollar Scarcity Remains Key Challenge for Firms in Nigeria Says national growth prospects attractive External reserves record marginal increase Obinna Chima While subdued United States dollar supply in the context of prolonged lower oil prices remains a key challenge for

corporate bodies in Nigeria, especially those companies constrained by foreign exchange (FX) restrictions on certain imports, growth prospects for the country

over the next three years are attractive, Moody’s Investors Service said in a report yesterday. The report titled: ‘Corporates Nigeria: US Dollar Scarcity

Remains Key Challenge to Improvement in the Corporate Sector,’ was posted on the global rating agency’s website. This is just as the data on the Central Bank of Nigeria’s

(CBN) website showed that the country’s external reserves recorded an increase of $216 million in two weeks, from the $23.948 billion it was on November 1, to $24.164 billion

as at November14, 2016. In an effort to meet part of the pent up demand for FX, the CBN recently ramped up Continued on page 8

FG Begins Release of N100bn for Constituency Projects...

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Thursday 17 November, 2016 Vol 21. No 7882. Price: N250

www.thisdaylive.com TR

TODAY'S WEATHER

ABUJA 16°C-33°C

MAIDUGURI 15°C-35°C

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& RE A S O

ENUGU 22°C-34°C

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KANO 11°C-33°C

LAGOS 23C-31°C

PORT HARCOURT 20°C-30°C

Again, Osinbajo, APC Governors, N’Assembly Leadership Meet Today Agitation for inclusive governance persists Board, ambassadorial appointments still contentious

Olawale Olaleye Vice-President Yemi Osinbajo, governors elected on the platform of the All Progressives Congress (APC) and some of the party’s leaders in the National Assembly are billed to meet today again at the State House, Abuja, three days after their first meeting, which did not achieve much.

As a follow-up to the Monday meeting, today’s meeting, THISDAY checks at the Presidency suggest, is meant to revisit the pending appointments into boards of parastatals as well as the list of the non-career ambassadors earlier thrown out by the Senate. Continued on page 9

With Continuing US Embargo, Nigeria Looks to Russia, Pakistan, Others for Arms NAF to add 10 attack aircraft to inventory

Senator Iroegbu in Abuja

The federal government has responded to the arms embargo imposed on Nigeria by the United States of America, turning to countries in the Eastern and Southern

hemisphere, including Russia, Pakistan and Brazil, to acquire arms and military arsenal for the counter-terrorism operations in the North-eastern part of the country. Continued on page 9

Senate, ASUU Meeting over Strike Ends in Deadlock... Page 8

UI HOLDS CONVOCATION LECTURE...

L R: Convocation Lecturer, Prof Bolaji Akinyemi; Emeritus Prof. Oladipo Akinkugbe and Vice Chancellor University of Ibadan, Prof. Idowu Olayinka, at University of Ibadan 2016 Convocation Lecture in Ibadan... Wednesday felix ademola


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Thursday 17th Noverber 2016 by THISDAY Newspapers Ltd - Issuu