Sunday, January 15, 2017
MARKET UPDATE
JANUARY 13, 2017 NIGERIA STOCK EXCHANGE (Market Closed) SUMMARY: All Share Index 26,325.93 Deals 2,653.00 Volume 148,569,099.00 Value 3,758,383,446.99Market Cap 9,058,131,259,973.59TOP GAINERS CONOIL 37.35 (0.85) STANBIC 15.52 (0.49) NB 142.18 (0.18) TOURIST 3.68 (0.17) ACCESS 6.69 (0.12) TOP LOSERS MOBIL 249.86 (-13.15) SEPLAT 370 (-9.99) TOTAL 300 (-4) PRESCO 42.16 (-2.03) JBERGER 34.83 (-1.83) CBN EXCHANGE RATE(NGN)Buying:$USD 304 £GBP 373.5248 EURO 324.1248 SWISS FRANC 301.8268 YEN 2.6611 Selling:$USD 305 £GBP 374.7535 EURO 325.191 SWISS FRANC 302.8197 YEN 2.6698 CNBC COMMODITY PRICES (USD)Crude Oil (Bonny light) 53.25 Natural Gas 3.304 (0.031) Gold 1195.90 (-3.90) Silver 16.785 (-0.04) Copper 2.6905 (-0.019) Wheat 424.25 (-2.00) Coffee 149.10 (-0.50) Cotton 72.30 (-0.04) Cocoa 2213.00 (-17.00)

News Agency

    NASU, SSANU begin warning strike Monday

NASU, SSANU begin warning strike Monday

The Non-Academic Staff Unions of Universities (NASU) says from Monday it will embark on a five-day warning strike over the inability of the federal government to implement the 2009 agreements.The joint action committee (JAC) comprising of Senior Staff Association of Nigerian Universities (SSANU) and the National Association of Academic Technologists will also down tools.The notification of the strike was conveyed [...]

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    ECOWAS will take all necessary actions in Gambia, says UN envoy

ECOWAS will take all necessary actions in Gambia, says UN envoy

UN office for West Africa and the Sahel (UNOWAS) says ECOWAS has decided to take all necessary actions to enforce the results of the December 1, 2016 presidential election in the Gambia.Mohamed Chambas, head of UNOWAS, disclosed this while briefing the UN security council on the political and security situation in the region.Chambas is also the special representative of the [...]

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    Charcoal business booms in Ondo

Charcoal business booms in Ondo

Residents of Okitipupa in Ondo state now rely on charcoal for their daily domestic cooking as a rsult of the high cost of kerosene and cooking gas.Kerosene, which sold at N300 per litre has gone up to between N400 and N450, while a 12.5Kg cylinder of cooking gas formerly at N3, 500 has skyrocketed to between N4.500 and N5,000.A full [...]

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    France can help Africa more, says Buhari

France can help Africa more, says Buhari

President Muhammadu Buhari says the partnership between the African continent and France has yielded fruits in so many positive ways but that France can do more to help Africa overcome its challenges.Speaking at the 27th Africa-France Summit for partnership, peace and emergence taking place in Bamako, Mali, Buhari lauded France for playing an “important role in Africa”.“Notably, France has been [...]

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    AU to Jammeh: From next week, we’ll cease to recognise you as president

AU to Jammeh: From next week, we’ll cease to recognise you as president

The African Union (AU) will cease to recognise President Yahya Jammeh as the nation’s legitimate president from January 19.It is the date he is due to hand over to Adama Barrow, winner of 1 December election.The AU’s peace and security council made this declaration after a meeting in Addis Ababa, the Ethiopian capital.The council also warned of “serious consequences in [...]

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    REVEALED: Madagali suicide bomber strapped a baby to her back

REVEALED: Madagali suicide bomber strapped a baby to her back

The National Emergency Management Agency (NEMA) has confirmed that one of the three female suicide bombers that attacked Madagali town in Adamawa state, on Friday, died with a baby on her back.Sa’ad Bello, coordinator of NEMA for Adamawa and Taraba operation office, who confirmed the development to NAN, said nine people died in the triple blast, including the suicide bombers.“So [...]

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    2 security operatives killed as farmers, herdsmen clash in Niger

2 security operatives killed as farmers, herdsmen clash in Niger

A police inspector, an officer of the Nigeria Security and Civil Defence Corps (NSCDC) and a civilian, were on Thursday night killed in a clash between herdsmen and farmers in Sabon Daga Village in Niger state.Bala Elkalla, public relations officer of the Niger police command, confirmed this to NAN on Friday.Elkalla said the police had contained the situation, and that [...]

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    Some Democrats, Republicans plotting against me, says Trump

Some Democrats, Republicans plotting against me, says Trump

US President-elect Donald Trump has accused both Republicans and Democrats of plotting against him.Trump made the accusation in a series of tweets in an apparent reference to the ongoing screening of his cabinet nominees and allegations of links to Russian hacking to sway the presidential election in his favour.On Wednesday, Marco Rubio, a senator, who contested against Trump in the [...]

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    ‘Many killed’ in fresh bomb blast in Adamawa

‘Many killed’ in fresh bomb blast in Adamawa

Several people have been killed in an early-morning bomb blast in Madagali town in Madagali local government area of Adamawa state.A witness, who simply identified himself as Baba, said the blast occurred near a checkpoint at the entrance of the town.“We heard three blasts near the checkpoint where people gathered to be screened before entering the town as you know [...]

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    Taiwan ‘seriously objects’ to Nigeria’s ‘unreasonable’ actions

Taiwan ‘seriously objects’ to Nigeria’s ‘unreasonable’ actions

Taiwan has described as "unreasonable", the request of the Nigerian government that it should relocate its representative office from Abuja to Lagos.The federal government gave the directive on Wednesday.Blaming China for the development, Taiwan called on Nigeria to consider the issue, as both sides had an understanding based on reciprocity under which Nigeria runs a trade office in Taiwan’s capital, [...]

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    Bush sisters write emotional letter to Obama daughters

Bush sisters write emotional letter to Obama daughters

Barbara and Jenna, daughters of former President George Bush, have written a letter to daughters of outgoing President Barack Obama, advising them on life outside the White House.In the letter, the two sisters of the former president recalled how they received Obama's daughters and showed them around at the White House preparatory to their fathers’ handing and taking over.“Malia and [...]

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    Buhari heads to Gambia for ECOWAS mission

Buhari heads to Gambia for ECOWAS mission

President Muhammadu Buhari is to visit Banjul, capital of The Gambia, on January 13 to mediate in the political crisis in the country.Femi Adesina, special adviser to the president on media and publicity, disclosed this in a statement issued in Abuja on Thursday.In Banjul, Buhari is scheduled to meet with President Yahya Jammeh and President-elect Adama Barrow.The meeting is in [...]

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    PDP to APC: Attempt to remove Ekweremadu is a call to anarchy

PDP to APC: Attempt to remove Ekweremadu is a call to anarchy

The Peoples Democratic Party (PDP) has condemned the call on Ike Ekweremadu, deputy senate president, to defect to the All Progressives Congress (APC) to retain his position.Describing the call as an “invitation to anarchy, Dayo Adeyeye, spokesman of the caretaker committee of the party, said the senate does not belong to the ruling party.On Wednesday, Kabiru Marafa, a senator from [...]

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    Lawan: I had no choice but to accept this new position

Lawan: I had no choice but to accept this new position

Ahmed Lawan, senate majority leader, says he had no choice, but to accept his new position because it was his party’s decision.Lawan became senate leader after the All Progressives Congress (APC) caucus at the upper legislative chamber removed Ali Ndume.Speaking with journalists in Abuja on Thursday, Lawan promised to make sure that bills and communication from the executive are marketable.“That [...]

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    Garba Shehu: Nigeria’s trade relationship with Taiwan remains the same

Garba Shehu: Nigeria’s trade relationship with Taiwan remains the same

Garba Shehu, senior special assistant to the president on media and publicity, says the trade relationship between Nigeria and China remains the same.Shehu said this in a statement issued in Abuja on Thursday.His statement comes a day after Geoffrey Onyeama, minister of foreign affairs, said Nigeria recognised ‘One China’, which means Taiwan is a part of the People’s Republic of [...]

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    NUPENG suspends warning strike

NUPENG suspends warning strike

The National Union of Petroleum and Natural Gas (NUPENG) has suspended its three-day warning strike.Igwe Achese, president of the union, announced this after a meeting with top government officials led by Chris Ngige, minister of labour and employment.The leaderships of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and other stakeholders in the oil sector were also in [...]

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Exchange Rates

January 14, 2017USDGBPEUR
INTERBANK316.13385.11336.46
LAGOS491600515
KANO487595510
PH491600518
ABUJA492600516
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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