Monday, March 20, 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)
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Imo

    AGF ‘asks’ Okorocha to reinstate sacked monarch

AGF ‘asks’ Okorocha to reinstate sacked monarch

Abubakar Malami, attorney-general of the federation and minister of justice, has reportedly asked Rochas Okorocha, governor of Imo state, to reinstate Cletus Ilomuanya as chairman of the state council of traditional rulers.Ilomunaya was dethroned as Obi of Obinugwu in 2011 and subsequently removed as head of traditional rulers.The monarch filed a suit to challenge his removal, and the appeal court ruled [...]

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    FUTO students go on vandalism spree in protest of tuition fee hike

FUTO students go on vandalism spree in protest of tuition fee hike

Students of the Federal University of Technology Owerri (FUTO), Imo, on Friday destroyed properties in the institution.The undergraduates protested an alleged increment in their tuition fee. [...]

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    Non-indigenes excluded from Imo’s free education scheme

Non-indigenes excluded from Imo’s free education scheme

The Imo state government has removed non-indigenes in tertiary institutions from the beneficiary list of its free education programme.Sam Onwuemeodo, chief press secretary to the gov­ernor, disclosed this in a statement, explaining that the action was taken because of the refusal of other states to reciprocate its gestures.Onwuemeodo also explained that the state government is presently conducting verification of students [...]

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    Beware of fraudsters, group warns prospective JAMB candidates

Beware of fraudsters, group warns prospective JAMB candidates

The Computer-Based Test Centers Proprietors Association of Nigeria (CPAN), has raised alarm over the existence of illegal centres currently selling fake 2017 JAMB registration forms in Imo state.Chidiebere Egboh, chairman of the association, told journalists in Owerri on Monday that the fraudsters were collecting money to place candidates in "special centres", to cheat during the examination for entry into tertiary institutions. [...]

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    Onyechere, spokesman of former Abia gov, assassinated in Imo

Onyechere, spokesman of former Abia gov, assassinated in Imo

Unknown gunmen on Sunday night shot dead Ben Onyechere, former media adviser to Theodore Orji, the immediate past governor of Abia state.A source told NAN that the deceased was kidnapped around 8pm, in Ikenegbu axis of Owerri, Imo state capital, where he had gone for shopping.“The gunmen numbering five trailed Onyechere to a popular super market in Ikenegbu and forced [...]

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    Gunmen break into Imo court, set kidnap suspect free

Gunmen break into Imo court, set kidnap suspect free

Unknown gunmen invaded the premises of a high court in Owerri, Imo state capital, on Friday, setting free a kidnap suspect identified as Henry Chibueze.Officials had reportedly brought the suspect also known as Vampire to court alongside some other inmates.No sooner than they arrived in the court did the gunmen, numbering six, storm the place, engaging security operatives in a [...]

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    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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Exchange Rates

March 20, 2017USDGBPEUR
INTERBANK316.00392.15339.92
LAGOS449535470
KANO450545470
PH454547480
ABUJA450540472
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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