External Reserves Hit Four-year High of $40.4bn CBN injects $210m into FX market Ndubuisi Francis in Abuja and Obinna Chima in Lagos Nigeria’s external reserves have risen to $40.4 billion, the Central Bank of Nigeria
(CBN) revealed yesterday, making it the first time in exactly four years since the country’s reserves hit the $40 billion mark. This is just as the CBN
injected $210 million into the interbank window of the foreign exchange market. Figures obtained from the CBN indicated that external reserves reached the $40.4
billion last Friday, indicating an increase of $4.8 billion, compared with $35.6 billion as of December 5, 2017. CBN Governor, Mr. Godwin Emefiele towards the end of
last month had put the value of the external reserves at $38.2 billion. Confirming the latest reserves figure, the acting Director in charge of Corporate
Communications at the CBN, Isaac Okorafor, attributed the reserves accretion to the Bank’s strategy to effectively manage Continued on page 6
Court Refuses AGF’s Application to Stop Senate Probe on Maina… Page 6 Tuesday 9 January, 2018 Vol 22. No 8300. Price: N250
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Obasanjo: It’s Not Yet Ripe to Say If I’ll Support Buhari for Second Term Blames Yar’Adua for dismantling anti-corruption structures Agha Ibiam in London Former Nigerian president and chairman of the panel of advisors of the Africa Initiative for Governance (AIG), Chief Olusegun Obasanjo, has said that it was not yet ripe to determine if he will support President Muhammadu Buhari’s bid for a second term in office or not. Having ditched the Peoples Democratic Party (PDP), which brought him to power for eight
years, Obasanjo in 2014 threw his weight behind Buhari and invariably the All Progressives Congress (APC) as against the PDP administration led by former President Goodluck Jonathan. However, Obasanjo, whose response was brief when confronted with the question by THISDAY after delivering a speech titled, “Leadership in the African Context – How Continued on page 8
Governors Meet With Ministers, Security Chiefs over Herdsmen/Farmers Clashes Three killed in fresh Taraba attack
Olawale Ajimotokan and Kuni Tyessi in Abuja Concerned about the growing wave of violent clashes between farmers and herdsmen in several states of the federation, the governors of Taraba State, Mr. Darius Ishaku; Benue, Mr. Samuel Ortom; Nasarawa, Mr. Tanko Al-Makura; Kaduna, Mr. Nasir el-Rufai; Niger, Mr. Abubakar Sani Bello; and Adamawa, Mr. Jibrilla Bindow, yesterday met with the Ministers of
Interior and Agriculture and Rural Development, Lt.-Gen. Abdulrahman Dambazau (rtd.) and Mr. Audu Ogheh, to fashion out measures to stop the clashes. Also in attendance were the Inspector General of Police, Mr. Ibrahim Idris, Director General of the Department of State Services (DSS), Mr. Lawal Daura, and Commandant General of the Nigeria Security and Civil Defence Corps Continued on page 6
EDO STATE EYES NEW SEAPORT... L-R: Nigerian Ambassador to China, Amb. Usman Bakori; Edo State Governor, Godwin Obaseki; Chairman, China Harbour Engineering Company (CHEC) Ltd, Mr Lin Yichong; and Managing Director, ICMG Securities Limited, Mr. Michael Osime, during the signing of a Memorandum of Understanding (MoU) for the construction of the Gelegele seaport project… yesterday in China