Friday, March 24, 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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Kano

    Ganduje: Kwankwaso’s housing scheme has put my govt in a ‘serious mess’

Ganduje: Kwankwaso’s housing scheme has put my govt in a ‘serious mess’

Abdullahi Ganduje, governor of Kano state, has described housing estates built by Rabiu Kwankwaso, his predecessor, as a liability.Speaking with reporters during an inspection tour on Thursday, Ganduje said Kwankwaso's invested N45bn in the project, which he described as “a total mess”.“My administration inherited Kwankwaso's liability of housing estate which have not been occupied by people because of the shady [...]

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    Kwankwaso accuses Ganduje of plotting to float a new party

Kwankwaso accuses Ganduje of plotting to float a new party

Rabiu Kwankwaso, former governor of Kano state, has alleged that Abdullahi Ganduje, incumbent governor of Kano, is working with some politicians to float a new party ahead of the 2019 elections.Kwankwaso also alleged that Ganduje has been hobnobbing with  Ahmed Makarfi faction of the Peoples Democratic Party (PDP).The lawmaker said Ganduje had never hidden his disdain for the leadership style [...]

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    Beat your wives and lose your title, Sanusi warns Kano traditional leaders

Beat your wives and lose your title, Sanusi warns Kano traditional leaders

Muhammadu Sanusi, emir of Kano, has warned all Islamic title holders in Kano to desist from beating their wives if they want to retain their title.According to Daily Trust, Sanusi said this at the recent mass wedding of 1,520 couples.He reportedly called on all imams, district heads, village heads and ward heads to pay heed to the warning.“You should all [...]

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    Dangote Foundation donates N200 million projects to Kano hospital

Dangote Foundation donates N200 million projects to Kano hospital

The Dangote Foundation on Saturday, presented to the management of Murtala Muhammed Specialists’ Hospital, Kano, N200 million worth of health projects it established in the hospital.According to NAN, the projects are two expanded ultra modern maternity laboratories, maternity blood bank, post maternity ward, Eclampsia ward, theatre and laboratory, as well as six other renovated wards with their facilities.Fatima Dangote, who [...]

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    Ganduje: I can’t have an associate like Kwankwaso for the rest of my life

Ganduje: I can’t have an associate like Kwankwaso for the rest of my life

Abdullahi Ganduje, governor of Kano state, says he cannot have a political associate like Rabiu Kwankwaso, his predecessor, for the rest of his life.Ganduje succeeded Kwankwaso in 2015 after serving as his deputy for eight years.The unique thing about their working relationship is that Kwankwaso still chose him when he returned to power after eight years.But both men fell apart [...]

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    It’s ‘223 students to one toilet’ in Kano public schools

It’s ‘223 students to one toilet’ in Kano public schools

The Kano state government has expressed concern over poor state of infrastructural facilities in public schools.Speaking at a workshop organised by the ministry for local government and community development, Hafiz Abubakar, the deputy governor said the report of a survey showed that an estimated number of 223 students are sharing only one toilet in government-owned schools across the state.He described [...]

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    Charanchi, DSS director in Kano, dies

Charanchi, DSS director in Kano, dies

Abdullahi Charanci, director of the Department of State Services (DSS) in Kano state, has died.Rabiu Yusuf, commissioner of police in the state, disclosed this on Saturday.“It is confirmed that the state DSS Director is dead. We are now on our way to his home town, Charanci, Katsina state,” he said.A source, who wished not to named, said the DSS director [...]

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    Kano varsity to graduate 39 first class degree holders

Kano varsity to graduate 39 first class degree holders

Shehu Alhaji Musa, vice chancellor of Kano University of Science and Technology (KUST), has said the institution produced 39 first class degree holders in the 2015/2016 session.Musa, in a pre-convocation press briefing, said the 4th convocation of the institution will combine three sets, totaling 3,212 graduates across the 27 programs of the university. [...]

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    Traffic agents, road union workers exchange gunshots in Kano

Traffic agents, road union workers exchange gunshots in Kano

Sporadic gunshots rent the air in Zaria road, Kano state, on Wednesday morning as staff of the state road traffic agency clashed with road union workers.The gunfire exchange, which lasted more than 20 minutes, started when the road traffic agency, popularly known as KAROTA, attempted to bar the road union workers from loading passengers from Zaria road roundabout.Witnesses said the road union [...]

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    85-year-old grandma commits suicide in Kano

85-year-old grandma commits suicide in Kano

Salamatu Hassan, an 85-year-old resident of Jar-Kuka village in Gezawa local government area of Kano, has committed suicide.According to Magaji Musa Majia, a deputy superintendent of police and spokesman of the Kano state police command, the octogenarian hanged herself on a tree.He said the mother of six was suffering from mental disorder.Majia added that the police took the victim's body to the Sir [...]

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    DSS ‘arrests’ 3 suspected Boko Haram members in Kano

DSS ‘arrests’ 3 suspected Boko Haram members in Kano

The Department of State Services (DSS) says it has arrested three suspected Boko Haram members in Kano state.In a statement on Friday, Tony Opuiyo, spokesman of the agency, said the trio had perfected plans to carry out series of attacks with Improvised Explosive Devices (IEDs) in different parts of the north-west."In continuation of the fight against terrorism, on 30th November, [...]

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    Bird flu: Kano govt kills 9,000 birds

Bird flu: Kano govt kills 9,000 birds

The Kano state government says it has killed 9,000 birds since two weeks ago when bird flu resurfaced in the state.Shehu Bawa, a director in the state’s ministry of agriculture and natural resources, made the disclosure in an interview with NAN on Thursday in Kano.He said the birds were killed in two poultry farms that had been infected with the [...]

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    Radio Kano is among the best… everyone is proud of us

Radio Kano is among the best… everyone is proud of us

Saadatu Mohammed, managing director of Kano state radio, says there is no room for slander or libel at the station because its staff are well trained.She promised to give equal opportunity to members of the opposition in the state to air their views whenever they want to.Speaking with journalists at her office in Kano on Tuesday, Mohammed said Abdullahi Ganduje, [...]

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    Kano anti-graft agency recovers N1bn cash in one year

Kano anti-graft agency recovers N1bn cash in one year

The Kano State Public Complaints and Anti-Corruption Commission has recovered more than N1.150 billion cash, movable and immovable property between 2015 and 2016.Muhuyi Rimingado, executive chairman, Kano State Public Complaints and Anti-Corruption Commission, disclosed this in an interview with NAN.Rimingado added that the commission was investigating many individuals, revealing that a land worth a billion naira at Dotsa village is [...]

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    TETFund: We’ll punish those behind building collapse at Okopoly, Kano varsity

TETFund: We’ll punish those behind building collapse at Okopoly, Kano varsity

The Tertiary Education Trust Fund (TETFund) has vowed to punish those behind the building collapse at Kano State University of Science and Technology (KUST), Wudil, and the Federal Polytechnic, Oko, Anambra state.The pledge was made when the committee, which was set up to investigate the incidents, submitted its report to Abdullahi Bichi Baffa,  executive secretary of TETFund, with the agency [...]

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    Kano commissioner arraigned for land ‘racketeering’

Kano commissioner arraigned for land ‘racketeering’

Faruk Faruk, Kano state commissioner of lands, was on Thursday arraigned before a high court over alleged land racketeering.Also arraigned were Mahmud Bari, a former permanent secretary of the ministry, and Ahmad Ibrahim, a director.The public complaint and anti-corruption commission of the state charged the trio for criminal breach of trust, which is punishable under section 97 of the penal [...]

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Exchange Rates

March 23, 2017USDGBPEUR
INTERBANK307.88385.25331.83
LAGOS410530435
KANO430530435
PH410535440
ABUJA405523440
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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