SUNDAY 22TH AUGUST 2021

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Nigeria’s External Reserves Hit $37bn with $3.5bn New SDRs Apex bank threatens to revoke MFBs' licences over fx transactions Seeks labour’s collaboration to grow economy Festus Akanbi, Kunle Aderinokun, Nume Ekeghe in Lagos, and James Emejo in Abuja

Nigeria’s foreign reserves will get a timely boost on Monday when the country’s share of $3.5billion from the $650 billion Special Drawing Rights (SDRs)

approved by the International Monetary Fund (IMF) to boost global liquidity, matures for collection. Consequently, the nation’s

foreign reserves currently put at $34billion will hit the $37billion threshold, which will boost the capacity of the Central Bank of Nigeria

(CBN) to fund higher volumes of external transactions and achieve a further convergence of the exchange rate around the I & E window.

This is coming as the CBN has threatened to revoke the operating licence of any Continued on page 8

Nigerians Spend N12.3tn on Petrol, Diesel in Six Years… Page 5 Sunday 22 August, 2021 Vol 26. No 9631

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Unite for Nigeria, Buhari Urges Future Leaders Deji Elumoye in Abuja and Ibrahim Shuaibu in Kano

CROWNING TSOLA EMIKO AS THE 21ST OLU OF WARRI... The Uwangue of Warri Kingdom, Chief Gabriel Awala (left), crowning Utienyinoritsetsola Emiko as the new Olu of Warri, Ogiame Atuwatse III, at Ode Itsekiri, the ancestral home of Iwere people in Warri South Local Government Area of Delta State...yesterday

President Muhammadu Buhari has called on emerging leaders in the country to rid the nation of divisiveness and unite the people. The president, in an address to the Emir of Bichi, Nasiru Ado Bayero, at his inauguration yesterday, read on his behalf by his Chief of Staff, Professor Ibrahim Gambari, said the “prevailing Continued on page 6

APC Chairmanship Battle Hots Up Akume, Al-Makura, Shettima, Yari, Adamu, others join race Chuks Okocha and Adedayo Akinwale in Abuja As the All Progressives Congress (APC) prepares for its national convention later in the year, following the nod received from the governors of the ruling party, many aspirants have intensified their lobby to succeed the Chairman of the National Caretaker and Extra-Ordinary Convention Planning Committee of the party, Governor Mai Mala Buni of Yobe State, THISDAY has learnt. Prominent among the APC chairmanship aspirants are a two-term governor of Zamfara State, Mr. Abdulaziz Yari; two-

term Governor of Nasarawa State, Senator Umaru Tanko Al-Makura; another two-term governor of the state, Senator Abdullahi Adamu; former Governor of Benue State and Minister of Special Duties and Inter-governmental Affairs, Senator George Akume; a former Governor of Borno State, Senator Ali Modu Sheriff; and another former Governor of the state, Senator Kashim Shettima. A former governorship aspirant in Kwara State, Mr. Salihu Mustapha, is also in the race and is the youngest aspirant, while speculations Continued on page 5

NASIRU ADO BAYERO IS NEW EMIR OF BICHI... Emir of Bichi, Alhaji Nasiru Ado Bayero (left), receiving staff of office from Kano State Governor, Dr. Abdullahi Ganduje, in Bichi, Kano State…yesterday


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SUNDAY 22TH AUGUST 2021 by THISDAY Newspapers Ltd - Issuu