Naira at lowest level in 43 years, now N305/$

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...towards a better life for the people VOL. 25: NO. 62671

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ONLINE | www.vanguardngr.com

N150

THURSDAY, JANUARY 14, 2016

N34bn fraud: EFCC slams 40-count charge against Tompolo, Akpobolokemi, others 34

Naira at lowest level in 43 years, now N305/$ • As stock market losses peak at N1.2 trillion •Market capitalization down by 12.36 per cent

By Emeka Anaeto, Economy Editor & Babajide Komolafe

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AGOS—THE financial sector appears to have entered a heightened pressure, yesterday, as both the foreign exchange and stock market sustained major negative trends. The Naira depreciated further to a 43-year low at N305 per dollar as

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COLUMNISTS: P.17

MODIBBO

KAWU Fathers and sons incorporated P.19

JOSEF

OMOROTIONMWAN

CJN and the burden of justice

Mr & Mrs FEC MEETING—From Left: Minister of Education, Alhaji Adamu Adamu; Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu; Director-General, Bureau for Public Procurement (BPP), Mr Emeka Eze, and Secretary to the Government of the Federation, Babachir David Lawal, at the Federal Executive Council meeting in Abuja, yesterday. Photo: NAN.

Oyo monarchs not part of $2.1bn arms scam — Alaafin 11

MISSING BUDGET: Senate sets up search committee 8


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