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MPC Likely to Retain Interest Rate<br />
Obinna Chima<br />
Despite the weak fiscal position<br />
of the country, members of<br />
the Central Bank of Nigeria’s<br />
(CBN’s) monetary policy<br />
committee (MPC), which<br />
commence their 244th meeting<br />
today, are likely to vote<br />
majorly for the retention of<br />
the benchmark interest rate<br />
and other monetary policy<br />
tools.<br />
The two-day meeting, which<br />
would be the third this year,<br />
is expected to focus on critical<br />
policy decisions relating to<br />
the economy.<br />
The meeting comes a few<br />
days to the country’s May<br />
29th, 2015 hand-over date<br />
to an incoming Muhammadu<br />
Buhari-led administration.<br />
The financial market has<br />
been relatively calm since the<br />
conclusion of the elections,<br />
even as investors have taken<br />
cautious trading steps and<br />
actions amidst uncertainty<br />
in monetary policy and fiscal<br />
direction of the incoming<br />
administration.<br />
The MPC had this year<br />
Power: Nigeria's Bulk Trader Concludes Negotiations on 10 NIPP Gencos... Pg 9<br />
taken certain bold policy<br />
decisions relating to currency<br />
devaluation, net open position<br />
(NOP) and the monetary policy<br />
rate (MPR) in light of daunting<br />
fiscal and monetary policy<br />
challenges.<br />
Continued on page 6<br />
Monday May 18, 2015<br />
Vol 20. No 7327. Price: N150<br />
www.thisdaylive.com<br />
TRUTH & REASON<br />
TODAY'S WEATHER ABUJA 16°C-33°C MAIDUGURI 15°C-35°C ENUGU 22°C-34°C KANO 11°C-33°C LAGOS 23C-31°C PORT HARCOURT 20°C-30°C<br />
Jonathan and Wife at Church<br />
Service, Seek Forgiveness<br />
First Lady narrates how she almost died from a new ailment during<br />
the campaigns Confesses she never dreamt of being a president’s wife<br />
Jaiyeola Andrews in Abuja<br />
With barely 12 days to step<br />
down as Nigeria’s president,<br />
President Goodluck Jonathan<br />
yesterday pleaded for<br />
forgiveness from those he<br />
might have offended while<br />
carrying out his duties as the<br />
country's number one citizen.<br />
He equally described as Continued on page 6<br />
Military Destroys 10<br />
More Terrorists’ Camps<br />
in Sambisa Forest<br />
Senator Iroegbu in Abuja<br />
The Nigerian military in its<br />
continuing offensive against<br />
the Boko Haram terrorists in<br />
Sambisa forest Saturday killed<br />
an unconfirmed number of<br />
the insurgents and destroyed<br />
10 additional camps used by<br />
the Islamic fundamentalists.<br />
The Director of Defence<br />
complicated, his transition<br />
from being a vice-president<br />
to being the president.<br />
This is just as his wife,<br />
Patience, said having done<br />
creditably well, they would<br />
be returning home with their<br />
heads high.<br />
She equally noted that God<br />
Kills scores of insurgents Warns<br />
BBOG against hate campaign<br />
Information (DDI), Maj-<br />
Gen. Chris Olukolade, in a<br />
statement confirmed that the<br />
Dure camp, which was one<br />
of the most prominent camps<br />
in the forest, witnessed the<br />
fiercest battle as the Special<br />
Forces descended heavily on<br />
it before it finally fell.<br />
Continued on page 6<br />
President Goodluck Jonathan; First Lady, Dame Patience Jonathan and members of their family dancing to the altar during a<br />
Special Valedictory Thanksgiving Church Service by the first family at the Aso Villa Chapel in Abuja... yesterday<br />
nan
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