CBN Boosts Market Liquidity with N4.1trn Special Bills Unveils new capital requirement for payment service providers Emefiele lists ABP achievements
Obinna Chima in Lagos and James Emejo in Abuja
Following last week’s introduction of 90-day special bills by the Central Bank of Nigeria (CBN), the apex bank
yesterday sold N4.1 trillion worth of the instrument in the money market. The instrument is expected to avail the monetary authority additional liquidity management tool, support the
country’s economic recovery efforts and deepen the financial market. The CBN has also announced new capital requirement and licence categorisation for payment
service providers (PSP). The sale of the 90-day special bills into the money market came just as CBN Governor, Mr. Godwin Emefiele, outlined the impact of the Anchor Borrowers’ Programme (ABP),
set up to finance smallholder farmers. He said the programme has revolutionised agricultural credit financing and remained the fulcrum of transformation initiatives in the sector.
Features of the special bills, introduced by the CBN, include zero-coupon, applicable yield at issuance to be determined by the CBN; Continued on page 10
W’Bank Considers States’ $1.5bn Loan Request Next Week... Page 8 Friday 11 December, 2020 Vol 25. No 9377. Price: N250
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20 Designers Walk ARISE Fashion Week Runway Today Campbell wants African designers given global attention Vanessa Obioha After being hosted to a glamorous dinner last night at Eko Hotels and Suites, 20 designers out of the 30
selected will walk the ARISE Fashion Week runway today. The designers will go in four batches, each set consisting of five designers. Also lined up are music
stars that will perform alongside the fashion catwalk. The electro-fusion singer WurlD will open the show, performing for the first set of designers. For the second
set, multi-talented artist and fashion designer Wavy the Creator will take the stage. Since his emergence on the creative scene three years ago, the artist has been on
a meteoric rise. Highlife crooners The Cavemen will accompany the third set. The Lagos-based musical group is made up of two brothers, Kingsley and
Benjamin Okorie, who are bent on reintroducing Highlife to a new generation. Saving the best for last, Continued on page 12
House Stands Up to AGF, Insists on Power to Summon President ACF, Afenifere, Ohanaeze, PANDEF criticise Buhari for ignoring invitation Agbakoba, Utomi, Kukah, 43 others demand service chiefs' resignation
Adedayo Akinwale, Udora Orizu, Emmanuel Addeh in Abuja, John Shiklam in Kaduna, Christopher Isiguzo in Enugu and Sylvester Idowu in Warri The House of Representatives yesterday faulted the AttorneyGeneral of the Federation (AGF) and Minister of Justice, Mr. Abubakar Malami (SAN), for querying its power to summon President Muhammadu Buhari. It fired back at the minister that contrary to his claim, the constitution empowers it to invite the president. The president, who was earlier scheduled to appear before the House yesterday to brief lawmakers on efforts by his administration to check the worsening insecurity in
the country, expectedly failed to turn up. THISDAY, in its major story in yesterday's edition of the newspaper, had exclusively reported that Buhari would no longer honour the House's invitation, which he had earlier committed himself to do last week when House Speaker, Hon. Femi Gbajabiamila, led a delegation to brief him on the invite, on account of pressure from the ruling All Progressives Congress (APC) and its governors. However, presidential spokesman, Mr. Femi Adesina, while responding to THISDAY inquiry on whether or not the president will honour the invitation had cited a statement by Malami, in Continued on page 10
Buratai, Others Self-isolate as COVID-19 Scare Hits Army ... Page 5
WELCOME BACK... L-R: National Commissioner, Independent National Electoral Commission, Air Vice Marshal Ahmed Muazu (rtd.) (left), and National Chairman, Prof. Mamood Yakubu, during the handover of office to Yakubu, who began his second term of five years in Abuja…yesterday julius atoi