Thursday 21st September 2017

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Two MPC Members Raise Red Flag over NPLs of Four Banks CBN has provided ‘piggy bank’ services to FG through quantitative easing, Salami cautions Obinna Chima Two members of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) – Dr. Doyin Salami

and Hassan Balami – have expressed concern over the high level of non-performing loans in four banks in the country. This was reflected in their

personal statements at the July MPC meeting posted on the CBN website yesterday, ahead of next week’s meeting. Against the backdrop of low oil prices, dwindling

oil revenue, foreign exchange scarcity and a crippling recession, the last two years have seen an intense weakening of the macroeconomic environment,

resulting in a deterioration of asset quality and rising NPLs in the banking industry. Indeed, several international rating agencies, the World Bank and

International Monetary Fund (IMF) have repeatedly raised concerns over rising NPLs in the banking industry. Continued on page 8

Jordan Bolsters Nigeria’s Fight against Terrorism with Military Hardware… Page 8 Thursday 21 September, 2017 Vol 22. No 8190. Price: N250

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U.S. President Donald Trump; Minister of Foreign Affairs, Mr. Geoffrey Onyema; and President Muhammadu Buhari, when Trump hosted Buhari and other African leaders on the sidelines of the 72nd United Nations General Assembly in New York… yesterday

Court Formally Proscribes IPOB, Designates It Terrorist Organisation Adegboruwa: Order proscribing group is faulty IPOB’s financial HQs is in France, says FG Separatists demand whereabouts of Kanu and his parents Tobi Soniyi in Lagos, Omololu Ogunmade in Abuja and Emmanuel Ugwu in Umuahia A Federal High Court sitting in Abuja has proscribed the Indigenous People of Biafra (IPOB) in Nigeria, the Southeast separatist group which has been agitation for the

realisation of the Republic of Biafra. The acting Chief Judge of the Federal High Court, Justice Abdul Adamu Kafarati granted the order proscribing the IPOB following an application filed and moved Continued on page 8

Sokoto State Governor, Aminu Tambuwal, and the Group Managing Director of NNPC, Dr. Maikanti Baru, when Tambuwal met with Baru on the search for oil in the Sokoto Basin… yesterday


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