Naira Faces Pressure on Rising Dollar Demand, Outflows CBN assures of stability of national currency as oil price slumps Ejiofor Alike and Nume Ekeghe with agency reports The combination of tightening global financing conditions, which has resulted to capital
outflows in the country, the elevated global risk aversion, 2019 election uncertainties and high services payments are likely to put pressure on the naira going into next year,
THISDAY has learnt. Analysts at CSL Stockbrokers Limited and the Financial Derivatives Company Limited (FDC), who stated this in two separate reports
obtained by THISDAY, argued that capital repatriation by foreign investors was also expected to heighten dollar demand. While on the parallel
market, the naira trades relatively stable at N361 per dollar - N362 per dollar, currency pressures are building at the Investors’ and Exporters’ foreign exchange (I&E)
window, where transactions are now being executed at an average rate of N364 per dollar, compared to N362 Continued on page 8
Osoba at Attah’s Book Launch Relives How Govs Caged Obasanjo … Page 6 Wednesday 21 November, 2018 Vol 23. No 8617 Price: N250
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2019: Misuse of Card Reader Will Be Risky, Jonathan Warns Explains why he lost, accepted defeat in 2015 Buhari, African leaders say history will be kind to him Iyobosa Uwugiaren, Shola Oyeyipo and Adedayo Akinwale in Abuja Reflecting on the manipulation of card reader during the 2015 general election, President Goodluck Jonathan has warned that any attempt to repeat the misuse of the electoral tool in the forthcoming 2019 presidential
poll would be risky. The former president stated this in his book, ‘My Transition Hours,’ which he presented to the public at an impressive ceremony in Abuja yesterday. Jonathan, who also explained why he lost and accepted defeat in the 2015 presidential poll, said the Continued on page 6
Boko Haram Kills 53 in Fresh Attacks on Borno Michael Olugbode in Maiduguri with agency report Boko Haram terrorists have killed 53 soldiers and farmers in three days of attacks in Borno State, in a new show of force ahead of the February
presidential election, AFP reported yesterday, quoting security sources. Despite the government’s insistence that Boko Haram is near defeat, the group has Continued on page 6
STORY… Fashola: APC Didn’t Promise to HIS L–R: Former Head of State, Gen Yakubu Gowon (rtd); former Ghanaian president, Mr. John Mahama; former president, Dr.
Fix Nigeria in Four Years … Page 10
Goodluck Jonathan; former president of Benin Republic, Mr. Boni Yayi; and former president of Sierra Leone, Mr. Ernest Koroma, at the public presentation of “MY TRANSITION HOURS,” by Jonathan, in Abuja…yesterday GODWIN OMOIGUI