Monday, March 20, 2017
MARKET UPDATE
MARCH 16, 2017NIGERIA STOCK EXCHANGE (Market Closed) SUMMARY: All Share Index 25,418.08 Deals 2,468.00 Volume 280,945,416.00 Value 2,349,419,384.30Market Cap 8,796,717,470,596.41TOP GAINERS NB 133.84 (3.14) FO 48.93 (1.12) GUARANTY 25.8 (0.45) ZENITHBANK 14.55 (0.4) FLOURMILL 17.85 (0.35) TOP LOSERS 7UP 77.71 (-8.29) TOTAL 274.55 (-5.45) ASHAKACEM 9.5 (-0.5) DANGCEM 160 (-0.5) UACN 14 (-0.25) CBN EXCHANGE RATE(NGN)Buying:$USD 305.75 GBP 377.2344 EURO 327.9169 SWISS FRANC 302.715 YEN 2.695 Selling:$USD 306.75 £GBP 378.4682 EURO 328.9894 SWISS FRANC 303.7059 YEN 2.7038 CNBC COMMODITY PRICES (USD)Crude Oil (Bonny light) 51.15 Natural Gas 2.904 (-0.077) Gold 1226.10 (25.40) Silver 17.30 (0.377) Copper 2.679 (0.0225) Wheat 435.50 (-0.50) Coffee 141.55 (0.65) Cotton 78.05 (-0.03) Cocoa 2035.00 (-13.00)
Advertisement

10,000 passengers risk being stranded as Kenya Airways pilots go on strike

10,000 passengers risk being stranded as Kenya Airways pilots go on strike
April 28
13:45 2016
Advertisement

Pilots of Kenya Airways, one of the largest carriers in Africa, ferrying 10,000 passengers a day, went on strike on Thursday, despite an agreement reached to defer the industrial action until June 1.

The Kenya Airline Pilots Association (KALPA) issued a two-day notice to the carrier on Tuesday, saying its members would stop flying planes until Mbuvi Ngunze, Kenya Airways chief executive, resigned.

The pilots said Ngunze’s turnaround measures were “questionable”.

Kenya Airways had also obtained a court order on Wednesday barring the planned strike.

The airline and KALPA then issued a statement, saying the union had agreed to defer its strike.

“We have had some disruptions this morning as a result of the pilots’ strike announced on Tuesday and in spite of our agreement yesterday,” Kenya Airways said on its Twitter feed.

At midday Kenyan time when the strike was supposed to start, dozens of Kenya Airways pilots were in a meeting with James Macharia, transport minister, and Dennis Awori, chairman of the board of the carrier, a Reuters reporter covering the meeting, said.

The airline is 26.7 per cent owned by Air France-KLM, with a fleet of Boeing and Embraer jets.

Kenya Airways has been selling assets, including planes, and plans to lay off 600 people as it tries to stay in operation after three and a half years of financial losses.

Follow us on twitter @thecableng

Copyright 2017 TheCable. Permission to use quotations from this article is granted subject to appropriate credit being given to www.thecable.ng as the source.
Tags
Advertisement

Social Comments

0 Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *

Exchange Rates

March 20, 2017USDGBPEUR
INTERBANK316.00392.15339.92
LAGOS449535470
KANO450545470
PH454547480
ABUJA450540472
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement