THURSDAY 16TH AUGUST 2018

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Inflation Maintains Downward Trend, Drops to 11.14% CBN intensifies enlightenment on bilateral currency swap Ndubuisi Francis in Abuja For the 18th unbroken month, inflation rate continued a downward trajectory, declining from 11.23 per cent in June to

11.14 per cent in July. This is coming as the Central Bank of Nigeria (CBN) intensified its public enlightenment drive on its currency swap policy,

explaining that a major objective of the recent Bilateral Currency Swap Agreement (BCSA) it sealed with the People's Bank of China (PBoC) was to ease the pressure on

Nigeria's foreign reserves. In its latest figures, the National Bureau of Statistics (NBS) said the Consumer Price Index (CPI), which measures inflation stood at

11.14 per cent (year-on-year) in July 2018, representing a 0.09 percentage points drop over the rate recorded in June 2018 (11.23) per cent. The 18th consecutive

disinflation (fall in inflation) in headline inflation year-on-year also recorded increases in all Classification of Individual Continued on page 6

TCN Allays Fear of Blackout over Labour Protest‌ Page 6 Thursday 16 August, 2018 Vol 23. No 8520. Price: N250

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Despite APC’s Offensive, Saraki Considers Presidential Run Raheem Akingbolu with agency report

HERE COMES GLO OGA... L-R: Globacom Regional Head, Marketing Communications, Mr. Afolabi Otufowora; Brand Specialist, Ms. Adunola Agboola; Regional Chief Marketing OďŹƒcer, Mr. Ashok Israni; and Brand Specialist, Ms. Ireti Jonathan, during the launch of Glo Oga SIM, at Mike Adenuga Towers, Victoria Island, Lagos...yesterday

Despite spirited moves by the ruling All Progressives Congress (APC) to remove him from office, Senate President Bukola Saraki yesterday dropped hint of his interest to run for the office of President in February next year election. The hint of interest came through an interview he granted a foreign media platform, Bloomberg, after months of speculations and torrent of third party endorsements. The Kwara State-born Continued on page 6

Presidency Clarifies Daura’s Status, Says He’s Being Debriefed, Not Detained Raises hope on Leah Sharibu's release Shehu: Buhari considering third Electoral Act Amendment Bill Omololu Ogunmade in Abuja The Presidency yesterday clarified the status of the former Director-General of the Department of State Service (DSS), Mr. Lawal Daura, who was dismissed last week, saying he was being debriefed contrary to reports that he was under detention.

Making this disclosure while appearing on ARISE NEWS television programme, Morning Show, anchored by former presidential spokesman, Mr. Reuben Abati, the president's media adviser,

Mr. Femi Adesina, explained that given the sensitive nature of Daura’s schedule, it was necessary for him to interact more with his replacement, Mr. Matthew Seiyefa, in order to do proper handover of his

former office. Daura was fired last week by Acting President Yemi Osinbajo, following the siege to the National Assembly by hooded and heavily armed operatives of the DSS,

reportedly on his orders. Osinbajo said the siege was an unauthorised assault on the rule of law that gravely embarrassed the federal government. He ordered an enquiry into

US Embassy Suspends Consular Services in Abuja... Page 8

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the incidence, necessitating the interrogation of Daura by the police, which took him into custody. But Adesina told Abati on Arise TV that somebody of the status of Daura with a lot of security matters at his disposal has to be properly Continued on page 8


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