Wednesday, March 22, 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)

Cross River

    UNICAL student shot by cultists in school’s ‘love garden’

UNICAL student shot by cultists in school’s ‘love garden’

A yet-to-be identified student of University of Calabar was on Tuesday shot by fleeing cultists at area known as ‘love garden’ in the school's hostel.Cross River commissioner of police, Hafiz Inuwa, said the student "did not die" as he was rescued and rushed to a hospital. [...]

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    Cross River chief judge dies after brief illness

Cross River chief judge dies after brief illness

Justice Okoi Ikpi-Itam, the chief judge of Cross River, is dead.Aged 63 years, Ikpi-Itam died in the early hours of Saturday after a brief illness.According to the wife of the deceased, chief magistrate Helen Itam, her husband took ill on Thursday and was taken to the University of Calabar Teaching Hospital (UCTH) where he died."He complained of feeling somehow in [...]

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    UNICAL to produce 22 first class graduates

UNICAL to produce 22 first class graduates

Zana Akpagu, vice chancellor of the University of Calabar, has said 22 undergraduates would be awarded first class degrees during the 30th convocation ceremony of the institution on Saturday.The professor made this known on Thursday while addressing reporters during a pre-convocation press conference. [...]

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    Ayade, Cross River governor, wins at supreme court

Ayade, Cross River governor, wins at supreme court

The supreme court has upheld the election of Ben Ayade of the Peoples Democratic Party (PDP) as governor of Cross Rivers state.Joe Agi, who came second in the party's December 2014 primary, had asked the court to sack Ayade over false declaration of age. Agi also contested that Ayade was not a bona fide member of the PDP.However, the panel [...]

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    Police arrest ‘cultist’ officer who ‘shot colleague to death’

Police arrest ‘cultist’ officer who ‘shot colleague to death’

Kingsley Iyeke, a police officer in Cross Rivers state, has been arrested for shooting Edet Archibong, his colleague, to death during a cult clash in Calabar, the state capital.Jimoh Ozi-Obeh, commissioner of police in the state, made this known on Monday, while briefing reporters on the activities of the command in the past one month.Ozi-Obeh said after the incident, the [...]

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    Troops invade shrine of N’Delta militants, ‘arrest chief priest’

Troops invade shrine of N’Delta militants, ‘arrest chief priest’

Troops of Operation DELTA SAFE, a military outfit in the Niger Delta, have arrested the chief priest of Bayelsa Strike Force, a militant group in Cross River state.Olaolu Daudu, spokesman of the outfit, disclosed this in a statement issued on Monday.He said the shrine located in Ikot Offing Ambai in Akpabuyo local government area of the state, was destroyed.Daudu said [...]

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    23 human skulls ‘found in shrines’ of Niger Delta militants

23 human skulls ‘found in shrines’ of Niger Delta militants

Kevin Aligbe, acting commander of Operation Delta Safe in Cross River state, has revealed that 23 human skulls were discovered in four shrines belonging to Bakassi Strike Force, one of the militant groups in the Niger Delta.Aligbe said apart from the skulls, which were in various stages of decomposition, one complete human skeleton, and several other human body parts were [...]

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    Ayade: I came into office under God’s inspiration… I’m his servant

Ayade: I came into office under God’s inspiration… I’m his servant

Ben Ayade, governor of Cross River state, says he was called by God to lead Cross River and provide dividends of democracy to the people.Ayade made the statement on Friday while addressing thousands of supporters who came to receive him at Margaret Ekpo International Airport, Calabar, on arrival from Abuja.The supporters besieged the airport in solidarity with Ayade ahead of [...]

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    Troops ‘kill’ 7 militants in Bakassi

Troops ‘kill’ 7 militants in Bakassi

Troops of the 13 Brigade Nigerian army, Calabar, have repelled an attack on its soldiers, killing seven armed militants in the process.According to Kayode Owolabi, a captain and army public relations officer (APRO), the incident occurred at Efut Esighi in Bakassi local government area of Cross River state.He said the militants were the boys of the most wanted militant leader, Benjamin Ene also [...]

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    Soldier killed in Bakassi in attack by militants

Soldier killed in Bakassi in attack by militants

The Army has confirmed that militants killed one of its personnel in Bakassi local government area of Cross River in an attack allegedly led by one Benjamin Simplee, aka G1.But Sani Usman, director of army public relations, who confirmed the incident in a statement, said the troops also killed two of the militants in the attack, which occurred on Saturday [...]

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    Son of UNICAL dean abducted… alongside plasma TV

Son of UNICAL dean abducted… alongside plasma TV

Onyebuchi Okwueze, son of the dean of graduate school, University of Calabar, has been “abducted” by kidnappers.In a statement released to The Nation, Effiong Eyo, information officer of UNICAL, said the incident occurred on Wednesday night when Emeka Okwueze, the victim’s father was not at home. [...]

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    Obong of Calabar asks police to arrest masquerades begging for money

Obong of Calabar asks police to arrest masquerades begging for money

Ekpo Abasi-Oto V, the obong of Calabar, has called on the Cross River police command to arrest any masquerade begging for money.Abasi-Otu made the call in Calabar during the formation of ‘Eminent People’s Forum’ organised by Jimoh Ozi-Obeh, the commissioner of police.The monarch, who was represented by Etubom Bassey Duke, chairman of Etubom’s Traditional Rulers Council in the palace, said [...]

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    Cross River to float an airline in November, reveals gov

Cross River to float an airline in November, reveals gov

Ben Ayade, governor of Cross River state, says his administration will float an airline in November.Ayade said this while playing host to a consortium of Indian investors in Calabar on Monday.He said the airline, which is to be called `Cally Air’, will be managed by Dana Group under a public private partnership (PPP) arrangement.The governor said it would fly Calabar, [...]

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    Calabar is now mammy market, says #ThisIsNotCalabar campaigner

Calabar is now mammy market, says #ThisIsNotCalabar campaigner

The tourism carnival city of Calabar, Cross River state, may go to the dogs if serious efforts are not put in place to restore the beauty of the city and its environs. Frank Meke spoke with #ThisIsNotCalabar clean-up campaigner, Nya John OffiongThere have been an outbreak of environmental challenges bordering on solid waste in the once beautiful city of Calabar. [...]

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    Storms kill 3, destroy 632 houses in Cross River

Storms kill 3, destroy 632 houses in Cross River

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    Herdsmen appeal for grazing land in Cross River

Herdsmen appeal for grazing land in Cross River

The Hausa/Fulani community in Cross River has appealed to Ben Ayade, governor of Cross River, to allocate a portion of land to herdsmen in the state in order to enable them graze their cattle.Sani Baba-Gombe, leader of the association in the state, made the appeal on Wednesday in an interview with NAN in Calabar.According to Baba-Gombe, the land if allocated [...]

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Exchange Rates

March 21, 2017USDGBPEUR
INTERBANK314.75392.17340.21
LAGOS445530465
KANO445530470
PH447535472
ABUJA445530465
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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