Friday, January 20, 2017
MARKET UPDATE
JANUARY 18, 2017 NIGERIA STOCK EXCHANGE (Market Closed) SUMMARY: All Share Index 26,201.60 Deals 3,317.00 Volume 196,469,524.00 Value 2,611,434,698.45Market Cap 9,015,351,243,077.29TOP GAINERS TOTAL 294.97 (9.52) MOBIL 264 (3.5) ETI 10.1 (0.41) GUINNESS 64.05 (0.4) DANGSUGAR 6.35 (0.27) TOP LOSERS NESTLE 752 (-3) FO 67 (-2) DANGCEM 167 (-1) NB 142 (-0.6) INTBREW 17.5 (-0.48) CBN EXCHANGE RATE(NGN)Buying:$USD 304.5 £GBP 375.3267 EURO 324.6884 SWISS FRANC 302.6237 YEN 2.6543 Selling:$USD 305.5 £GBP 376.5593 EURO 325.7547 SWISS FRANC 303.6176 YEN 2.663 CNBC COMMODITY PRICES (USD)Crude Oil (Bonny light) 55.6 Natural Gas 3.375 (0.073) Gold 1200.50 (-11.60) Silver 16.97 (-0.304) Copper 2.607 (-0.0095) Wheat 425.00 (-6.00) Coffee 150.45 (1.25) Cotton 72.70 (0.44) Cocoa 2150.00 (-83.00)
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Imo

    I have fulfilled 90 percent of my campaign promises, says Okorocha

I have fulfilled 90 percent of my campaign promises, says Okorocha

Rochas Okorocha, governor of Imo state, say he has fulfilled about 90 percent of the campaign promises made to the people of the state.Okorocha made the disclosure when he received the management of the Sun Publishing Company led by Eric Osagie, its managing director/editor-in-chief, at his Spitbat Owerri residence on Tuesday.He rated his administration high in the areas of health, [...]

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    Okorocha asks pensioners to forfeit majority of their dues and sign that they’ve collected all

Okorocha asks pensioners to forfeit majority of their dues and sign that they’ve collected all

Rochas Okorocha, governor of the state, wants pensioners in the state to sign off years of entitlements in order to get a meagre sum that is way below half of what is due to them.A document from the state government to the pensioners, seen by TheCable, seeks to compel the retirees to accept the plan of the state to pay them only 40 percent of pension [...]

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    YOU MUST FARM: Imo govt allocates lands to corps members

YOU MUST FARM: Imo govt allocates lands to corps members

Rochas Okorocha, governor of Imo state, has directed caretaker committee chairmen in the 27 local government areas to allocate land to 1,545 corps members deployed to the state to enhance agricultural production.Okorocha gave the directive at the opening of orientation for the 2016 Batch ‘B’ corps members posted to the state.He said this was in line with the state’s determination [...]

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    Police ‘foil’ bank robbery in Imo

Police ‘foil’ bank robbery in Imo

The Imo state command of the Nigeria police force says it has foiled an attempt by a robbery gang to attack a commercial bank on Douglas road, Owerri.Francis Bisong, an area commander, told NAN that the planned attack was nipped in the bud, following the immediate deployment of crack detectives to the scene.Bisong said the robbers fled on sighting the [...]

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    WAEC bans Imo schools where officials were ‘locked out’, supervisor assaulted

WAEC bans Imo schools where officials were ‘locked out’, supervisor assaulted

Two secondary schools in Imo state have been barred from registering as examination centres for the West African Examinations Council (WAEC).The schools have also been barred from presenting their pupils as candidates in any of its examinations for a period of five years. [...]

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    Reps want Imo included in meetings of oil-producing states

Reps want Imo included in meetings of oil-producing states

The house of representatives on Thursday urged the federal government to include oil-producing communities in Imo in the Niger Delta stakeholders meeting.This followed the adoption of a motion under matters of urgent public importance moved by Goodluck Opiah (PDP-Imo).The federal government recently had a stakeholders meeting with Niger Delta leaders.The meeting was aimed at finding lasting solution to the problems [...]

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    FUTO graduate sets up fufu-processing plant, aims to employ 100 people

FUTO graduate sets up fufu-processing plant, aims to employ 100 people

Wilson Ekeledirichukwu, a graduate of Federal University of Technology Owerri (FUTO), has established a fufu-processing plant.Fufu is a Nigerian delicacy, made from fermented cassava.In an interview with News Agency of Nigeria, Ekeledirichukwu said he set up the plant to create employment for himself and others. [...]

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    FUTO final year student builds solar-powered tricycle

FUTO final year student builds solar-powered tricycle

Ekomobong Finbarr, a final year student of the Federal University of Technology, Owerri (FUTO), has developed a solar-powered tricycle.Finbarr, a student of the department of electrical and electronic engineering, built the tricycle as part of his final year project. [...]

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    Imo govt, PIND to hold forum on Niger Delta Development

Imo govt, PIND to hold forum on Niger Delta Development

The Foundation for Partnership Initiatives in the Niger Delta (PIND) is collaborating with the Imo state government and Market Development for the Niger Delta (MADE) to stage the fifth edition of the Niger Delta Development Forum (NDDF) in Owerri, Imo state.In a statement released by PIND and signed by Ese Emerhi, its advocacy programme manager, organisation said the forum is scheduled to take [...]

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    Ohakim writes Okorocha on Imo situation — and it is not pretty

Ohakim writes Okorocha on Imo situation — and it is not pretty

Ikedi Ohakim, former governor of Imo state, has written a stinging letter to his successor, Rochas Okorocha, on the situation in the state, warning that irreparable damage is going on.In the letter, seen by TheCable, Ohakim accused Okorocha of insensitivity to the current economic crisis with the demolition of houses in Owerri, the capital city."I have in the last couple [...]

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    We prevented Imo killings from spreading, say police

We prevented Imo killings from spreading, say police

The Imo state police command on Saturday said but for its intervention, the inter-ethnic clash which broke out at Akokwa community in Ideato local government area of the state, would have escalated.Andrew Enwerem, police public relations officer (PPRO), said the command became aware of the incident not too long after it happened, and that the commissioner of police deployed anti-riot [...]

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    Okorocha scraps annual leave in Imo

Okorocha scraps annual leave in Imo

Rochas Okorocha, governor of Imo state, has scrapped all kinds of leave in the state, following the introduction of the ‘back to land for agriculture’ programme that forces public servants to work for only three days a week.Okorocha says public servants in the state will now work on Mondays to Wednesdays and farm on Thursday and Fridays.Vitalis Ajumbe, Okorocha's commissioner for [...]

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    EXTRA: Okorocha abandons convoy, rides bicycle on streets of Owerri

EXTRA: Okorocha abandons convoy, rides bicycle on streets of Owerri

Rochas Okorocha, governor of Imo state, left the comfort of his vehicle and rode on a bicycle to work on Thursday morning.Dressed in an orange short and blue shirt, with his muffler at its usual position, the governor appeared to be having the time of his life.Another rider was seen on his right side, while his convoy trailed him from [...]

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    Tax evasion: FIRS seals 3 eateries in Owerri

Tax evasion: FIRS seals 3 eateries in Owerri

The enforcement team of the Federal Inland Revenue Service (FIRS) has sealed offices of three tax-defaulting business outlets in Imo.The sealed outfits are eateries - City Chef Restaurant, De Mange Eatery House and Comet Hotels and Conference, all located within the Owerri municipality.Chinzo Ude, the team leader of the enforcement unit, disclosed this to reporters in Owerri on Tuesday.He said [...]

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    Mbaise People to hold convention in USA

Mbaise People to hold convention in USA

The 2016 Convention of Mbaise indigenes living in the United States will hold between June 30 and July 4 at the Austin Marriott North, Round Rock, Austin, Texas.The annual convention, which will be chaired by Frank Nneji, chief executive officer ABC Transport Plc, will attract more than 5,000 Mbaise men, women and children living in the US and will feature a leadership [...]

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    Herdsmen obstruct Okorocha in Owerri

Herdsmen obstruct Okorocha in Owerri

Suspected herdsmen disrupted the schedule of Rochas Okorocha, governor of Imo state, for about 30 minutes on Saturday, according to THISDAY.The incident was said to have occurred between 4 and 4:30pm while the governor was on tour of some projects in Amakohia, Orlu Road in Owerri, the state capital.The governor’s security detail reportedly moved in before normalcy was restored.Herdsmen have [...]

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Exchange Rates

January 20, 2017USDGBPEUR
INTERBANK315.10387.23335.17
LAGOS498600510
KANO497600508
PH500600510
ABUJA499600510
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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