Monday, January 16, 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)

Cross River

    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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    Commotion as soldiers, policemen clash in banking hall

Commotion as soldiers, policemen clash in banking hall

There was commotion at a new generation bank in Calabar, Cross River state capital on Tuesday, following a clash between a soldier and four mobile policemen.According to THE NATION, the incident which occurred around 11am led to a disruption of activities in the bank.A canister of tear gas was said to have been shot inside the banking hall filled with customers, [...]

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    One killed as rainstorm destroys 300 houses in Cross River

One killed as rainstorm destroys 300 houses in Cross River

One person was killed, while at least 300 houses in Bansan and Irruan communities in Boki local government area of Cross River state were destroyed during a rainstorm.John Inaku, director general of Cross River State Emergency Management Agency (SEMA), disclosed this on Monday in an interview with NAN.Inaku explained that the rainstorm lasted four hours."Gov. Ben Ayade was shocked when [...]

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    Surprise as Cross River pays workers’ May salary

Surprise as Cross River pays workers’ May salary

Cross River state civil servants enjoyed the best Workers’ Day celebration in the country, as they received their salaries on the first day of the month.Ben Ayade, governor of the state, announced the payments at the U.J. Eusene Stadium, venue of the May Day rally.The workers rejoiced after receiving alerts on their phones, and they showered encomiums on Ayade, who was named the [...]

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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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