FX Market Gets Boost as Travelex Sells Dollars to BDCs Obinna Chima, James Emejo and Nume Ekeghe in Sokoto Liquidity in the foreign exchange (FX) market got a boost, following yesterday’s sale of dollars to authorised Bureau de Change (BDC)
operators in the country by Travelex. In all, THISDAY learnt that in line with the Central Bank of Nigeria's (CBN) directive, 2,529 BDCs got $8,000 each from Travelex for onward sales to retail
customers. This amounted to a total of $20,472,000 that the currency dealers received. The development is expected to improve liquidity in the market and also make dollars more
available to retail customers. The President, Association of Bureau de Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, who confirmed the cash injection, expressed optimism that
the intervention would help improve dollar supply in the market. “We are happy because the pressure in the market has eased. But our members are not happy because we are not part of the policy.
Up till now, our volume has been capped at $8,000 and our buying rate is still N381 to the dollar, which is far higher than the selling rate of the banks. Continued on page 10
Soludo: We Want a Nigeria Where It Doesn’t Matter Where the President Comes From… Page 10 Friday 3 March, 2017 Vol 22. No 7988. Price: N250
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DSS Raid of Judges’ Houses was Illegal, Saraki Insists
Says fight against corruption is not a one-man show Osinbajo, Onnoghen insist on rule of law Sagay: NDDC used funds meant for ‘wretched’ Niger Delta people on pricey SUVs
Tobi Soniyi in Abuja Senate President Bukola Saraki had described as illegal the invasion of judges’ houses by operatives of the Department of State Services (DSS) last October.
He spoke at a National Dialogue on the Fight against Corruption organised by the Presidential Advisory Committee Against Corruption, (PACAC), in Continued on page 12
Vehicle Owners Nationwide Given One Month to Pay Customs Duty
Cars without duty will be seized from April 13 Ndubuisi Francis in Abuja The Comptroller-General of the Nigeria Customs Service (NCS) Col. Hameed Ibrahim Ali (rtd) has approved a grace period of one month for owners of all vehicles in the country whose customs
duties have not been paid, to do so. The grace period is between Monday March 13 and Wednesday April 12, 2017, the NCS said in a statement. Continued on page 10
FG Files Fresh Charges Against Shell, ENI, Others… Pa g e 1 3
JEGA LECTURES GLOBAL AUDIENCE…
L-R: Chairman, Africa Initiative for Governance (AIG), Mr. Aigboje Aig-Imoukhuede; First AIG Fellow and former Chairman of the Independent National Electoral Commission (INEC), Prof. Attahiru Jega; and Professor of Economics and Public Policy at the Blavatnik School of Government, University of Oxford, Sir Paul Collier, at the public lecture delivered by Jega at the Blavatnik School of Government… yesterday