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)
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Edo

    Two Edo APC chieftains imprisoned for ‘murder’

Two Edo APC chieftains imprisoned for ‘murder’

An Oredo magistrates’ court in Benin on Thursday ordered that Osakpamwan Eriyo and Sunday Osagbona, two chieftains of the All Progressives Congress (APC), be remanded in prison for alleged attempted murder.C. Ojobo, the chief magistrate, who said she lacked jurisdiction to entertain the case, directed that both accused persons be taken to Oko Medium Security prison.She said the prison has [...]

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    Edo election tribunal begins hearing Jan 11

Edo election tribunal begins hearing Jan 11

The Edo state election petition tribunal says it will not limit parties on the number of witnesses to call in the petition filed by the Peoples Democratic Party (PDP) and Osagie Ize-Iyamu, its governorship candidate.Ahmed Badamasi, chairman of the three-member tribunal, made the submission in its pre-hearing report on Thursday.The party and Ize-Iyamu, in their petition, are challenging the declaration [...]

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    Obaseki writes off 50 percent burden of tax defaulters

Obaseki writes off 50 percent burden of tax defaulters

The Edo state government has approved a 50 percent waiver for tax defaulters in the state.In a statement on Sunday, John Mayaki, interim chief press secretary to Godwin Obaseki, governor of the state, said the moratorium had its terms and conditions, including that all outstanding tax liabilities up to December 1, 2016 must be paid within 90 days.He said debts [...]

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    12 Auchi Poly lecturers sacked for trading ‘higher grades’ for sex

12 Auchi Poly lecturers sacked for trading ‘higher grades’ for sex

Twelve lecturers of Auchi Polytechnic, Edo, have been dismissed by the National Board for Technical Education (NBTE) for giving undergraduates high grades in exchange for sex.Masa’udu Kazaure, executive secretary of the board, announced the lecturers' dismissal on Thursday at a news conference in Kaduna. [...]

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    Fashola: Sango, the god of lightning, can’t produce 1KW of electricity

Fashola: Sango, the god of lightning, can’t produce 1KW of electricity

Babatunde Fashola, minister of power, works and housing, says Sango, despite being the god of lightning and thunder, does not have the capacity to generate a single kilowatt of electricity.Delivering the convocation lecture at the University of Benin on Friday, Fashola urged the graduands to free their minds from fear, and stop deifying resources that can be harnessed for the [...]

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    Edo speaker: N200m cannot buy Oshiomhole a house in Lekki

Edo speaker: N200m cannot buy Oshiomhole a house in Lekki

Justin Okonoboh, speaker of the Edo state house of assembly, says the N200 million approved for former governor Adams Oshiomhole cannot buy him a house in Lekki, Victoria Island or Banana Island - the choice residential areas for Nigeria's richest.The Edo state house of assembly had approved the construction of a residential building worth N200 million for Oshiomhole and a [...]

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    After winning 19 awards, UNIBEN graduate says ‘it was too much’

After winning 19 awards, UNIBEN graduate says ‘it was too much’

Pius Ojemolon, a medicine graduate of University of Benin (UNIBEN), won 19 awards at the convocation ceremony of the institution.Seven of Ojemolon’s nineteen awards were from the university while 12 others were sponsored by well-meaning individuals and foundations. [...]

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    N200m for ex-govs? SERAP asks Obaseki to withdraw the ‘immoral bill’

N200m for ex-govs? SERAP asks Obaseki to withdraw the ‘immoral bill’

The Socio-Economic Rights and Accountability Project (SERAP) says Godwin Obaseki, governor of Edo state, must withdraw the "immoral bill" seeking N300 million mansion retirement benefits for immediate past governor of Edo State, Adams Oshiomhole, and his former deputy, Pius Odubu.SERAP called on Obaseki to “immediately withdraw the bill, and use the funds to clear the backlog of pension arrears spanning between [...]

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    Edo assembly okays N200m houses for ex-govs

Edo assembly okays N200m houses for ex-govs

The Edo state house of assembly has approved the construction of houses worth N200 million and N100 million for ex-governors and their deputies.The approval was sequel to the consideration of a bill for a law to amend the existing legislation on the pension rights of governors and their deputies in the state.Moving the motion for the consideration of the bill, [...]

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    Obaseki appoints SSG, says he’ll be a listening governor

Obaseki appoints SSG, says he’ll be a listening governor

Godwin Obaseki, governor of Edo state, on Monday announced the appointment of Osarodion Ogie as secretary to the state government.He also appointed Taiwo Akerele as chief of staff, and John Mayaki as interim chief press secretary.Before making the announcement, Obaseki met with the state head of service and permanent secretaries, promising to be a listening governor.He directed the permanent secretaries [...]

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    Gowon, Saraki, Dangote in Edo as Obaseki takes charge

Gowon, Saraki, Dangote in Edo as Obaseki takes charge

Senate President Bukola Saraki; Yakubu Gowon, former military head of state; and Aliko Dangote, Africa's richest man, were among the dignitaries that witnessed the swearing in of Godwin Obaseki, governor of Edo state.Cromwell Idahosa, chief judge of the state, administered the oath of office on Obaseki at exactly 12:25pm.The historic occasion took place at the Samuel Ogbemudia stadium in Benin, [...]

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    Edo govt deposes traditional ruler 

Edo govt deposes traditional ruler 

The Edo state government has deposed Anselm Edenojie, the Ojuromi of Uromi land.Julius Ihonvbere, secretary to the state government, revealed this in a letter signed addressed to the affected monarch.The letter entitled: 'Deposition from Office as Ojuromi of Uromi', read: “Please be informed that the initial exco decision of 26th October 2016 has been further affirmed.“Consequently, you have been deposed [...]

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    EXTRA: Benin woman donates goat to Buhari

EXTRA: Benin woman donates goat to Buhari

Grace Egbon an elderly lady in Benin City, capital of Edo state, has donated a goat to President Muhammadu Buhari.The woman said she decided to present the gift to Buhari to show her admiration for “his selfless lifestyle and passion to liberate the masses”.Egbon, who said she had been longing to meet the president, had the opportunity when Buhari  was [...]

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    EXTRA: Buhari returns to secondary school

EXTRA: Buhari returns to secondary school

President Muhammadu Buhari on Monday shared a classroom with students of Samuel Ogbemudia College in Benin city, Edo state.Buhari, who is on two-day working visit to the state, sat with students shortly after commissioning the school refurbished by the administration of Adams Oshiomhole, governor of the state.Buhari in classThe president had promised  to be committed t quality education in Nigeria.During the [...]

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    Tight security in Benin as Buhari bids Oshiomhole farewell

Tight security in Benin as Buhari bids Oshiomhole farewell

Security has been beefed up in and around Benin, capital of Edo state, ahead of President Muhammadu Buhari's two-day official visit to the state.The president, who commenced the visit on Monday, is expected to inaugurate a number of projects executed by Adams Oshiomhole, who will be vacating office by November 12.John Odigie, national chairman of All Progressives Congress (APC) led [...]

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    Edo suspends tradition ruler for ‘assaulting’ a woman

Edo suspends tradition ruler for ‘assaulting’ a woman

The Edo state government says it has handed a seven-day suspension to Anselm Aidenojie, the Onojie of Uromi, over an alleged assault to one Betty Okoebor.The assault was said to have occurred on September 28.In a letter dated October 26, Julius Ihonvbere, secretary to the state government, said the traditional ruler's refusal to reply a query on the matter showed [...]

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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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