Saturday, March 25, 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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Lagos

    Ghosts of my creditors were haunting me, says woman who wanted to jump into lagoon

Ghosts of my creditors were haunting me, says woman who wanted to jump into lagoon

Taiwo Momoh, the woman who attempted to dive into the lagoon on Friday, has blamed the "ghosts of her creditors" for her action.Momoh, a textile trader, who resides in the Lekki area of the state, told policemen who rescued her that she wanted to commit suicide because she was indebted to Swiss textile dealers.She said her problem started in 2015, [...]

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    Police prevent woman from jumping into lagoon in Lagos

Police prevent woman from jumping into lagoon in Lagos

The Lagos state police command on Friday rescued one Taiwo Momoh, who attempted to jump into the lagoon from the third mainland bridge.Fatai Owoseni, commissioner of police, disclosed this to reporters, declaring that no vehicle would be allowed to stop on any bridge.Owoseni said his men had begun the patrol of bridges across the state to forestall other cases of [...]

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    Cynthia Osokogu’s killers to die by hanging

Cynthia Osokogu’s killers to die by hanging

An Igbosere high court in Lagos has sentenced Okwumo Nwabufo and Olisaeloka Ezike to die by hanging for killing Cynthia Osokogu, then a postgraduate student of Nasarawa State University.Osokogu was killed in 2012 after being lured to Cosmilla Hotel in  Lakeview estate in FESTAC town, Lagos.In a judgment on Thursday, Olabisi Akinlade, a justice, held that evidence presented before the court, [...]

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    Workshop of public relations consultants holds Friday

Workshop of public relations consultants holds Friday

Public Relations Consultants Association of Nigeria (PRCAN) will hold the 13th edition of its masterclass series at ADNA Hotel, GRA IKEJA, Lagos, on Friday.In a statement, Muyiwa Akintunde, its vice-president, said resource persons such Celestine Achi, a digital PR strategist, who is CEO of CIHAN Group, would be speaking at the event.Akintunde listed previous workshops organised as 'PR Account Management', [...]

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    Lady who wrote UTME 7 times is best graduating student in LASU

Lady who wrote UTME 7 times is best graduating student in LASU

Elizabeth Orefuwa, the best graduating student of Lagos State University (LASU), says she wrote the Unified Tertiary Matriculation Examination (UTME) for seven years before gaining admission into the institution.Orefuwa graduated with a cumulative grade point average of 4.74 in accounting education at the 21st convocation of LASU. [...]

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    We demolished houses in riverine community to forestall disaster, says Lagos govt

We demolished houses in riverine community to forestall disaster, says Lagos govt

The Lagos state government has defended its decision to demolish some houses in Otodo Gbame,a riverine community in the Lekki area of the state.The houses were destroyed on Friday, leaving many residents homeless.Amnesty International had condemned the act, describing it as an abuse of human rights. The group also criticised the government for not obeying a court order which restrained [...]

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    ASUU-LASU writes Ambode, says ‘there are pointers to potential crisis’

ASUU-LASU writes Ambode, says ‘there are pointers to potential crisis’

The Lagos State University (LASU) chapter of the Academic Staff Union of Universities (ASUU) has written a letter to Akinwunmi Ambode, governor of the state, intimating him of the "pointers to potential crisis".The union said it has been instrumental to the relative stability in the institution, and thanked the governor for his commitment to the institution.ASUU-LASU also commended Idiat Adebule, [...]

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    Lagos govt bans live band at bars, restaurants

Lagos govt bans live band at bars, restaurants

The Lagos state government has banned live band music in bars and restaurants.The state government has imposed a 500,000 fine on those who flout the directive. [...]

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    LASU: Suspect in killing of 500-level student arrested by police

LASU: Suspect in killing of 500-level student arrested by police

The management of Lagos State University (LASU) has said that the person allegedly responsible for the death of Ugwanyi Cyril Onyekachi, a 500-level student, has been arrested.Students of the institution had on Monday protested the death of Ugwanyi Cyril Onyekachi, a student of the faculty of law. [...]

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    Not again! Woman jumps into lagoon in Lagos

Not again! Woman jumps into lagoon in Lagos

While the dust raised by the action of Allwell Orji, a medical doctor, is yet to settle down, another suicide attempt has been recorded in Lagos state.According to NAN, a middle-aged woman jumped into the lagoon in Maza-Maza around the Mile Two area of the state after the incident of Orji.She was said to have been immediately rescued by fishermen [...]

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    ‘He doesn’t interact… he only greets people’, says neighbour of doctor who jumped into lagoon

‘He doesn’t interact… he only greets people’, says neighbour of doctor who jumped into lagoon

The atmosphere on Shobowale and Opayemi streets in the Abule Ijesha area of Yaba, Lagos, was bright as children played around after school hours, but the situation on the adjoining Odunukan street was totally different when TheCable visited the area on Monday evening.Until he decided to end his life by jumping into the lagoon on Sunday afternoon, Allwell Orji, a [...]

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    Lagos rotary club adopts Ita Marun village, empowers residents

Lagos rotary club adopts Ita Marun village, empowers residents

The Lagos state rotary club has adopted Ita Marun village with the aim of empowering members of the community.The rotary club will on March 22 commission projects comprising of a mini water works scheme, solar powered street lights and a micro-credit interest loan scheme for women of the village.The club had earlier provided a palm kernel cracking machine and a red [...]

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    Disregard call for a general assembly, Lagos PDP chairman tells supporters

Disregard call for a general assembly, Lagos PDP chairman tells supporters

Segun Adewale, factional chairman of the Peoples Democratic Party (PDP) in Lagos state, has denied the report that the party called for a general assembly.Adewale said this in reaction to a report that a general assembly would hold at Sogunle, Ikeja, by 10am on Tuesday.The chairman, who described the meeting as "illegal", advised members of the PDP in the state [...]

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    I’m NOT the one who jumped into lagoon, says Port Harcourt-based nurse whose picture has gone viral

I’m NOT the one who jumped into lagoon, says Port Harcourt-based nurse whose picture has gone viral

Allwell Oji, a Port Harcourt-based nurse, has released a video to fault the attempt to link him to Allwell Orji, the medical doctor who ended his life on Sunday.Orji had jumped into the lagoon from the Adekunle axis of the third mainland bridge in Lagos.But Oji, whose picture is being used to depict Orji, says he is alive and well.While [...]

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    Doctor commits suicide after ‘ordering driver to park’ on third mainland bridge

Doctor commits suicide after ‘ordering driver to park’ on third mainland bridge

Tragedy struck on the third mainland bridge in Lagos on Sunday, as a medical doctor simply identified as Orji ended his life by jumping into the lagoon.Orji was said to have ordered the driver of his grey coloured Nissan SUV (pictured) with registration number LND 476 EE, to stop before jumping into the water.Kehinde Adebayo, spokesman of the Lagos State [...]

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    2.5m litres of adulterated diesel seized in Lagos

2.5m litres of adulterated diesel seized in Lagos

The Lagos state task force on environment says it has arrested 43 persons over adulteration of diesel meant for public consumption.The suspects were arrested at Alausa, Ikeja, with 2.5 million litres, equivalent of 76 fully loaded tankers, of the fake product.Chairman of the task force, Olayinka Egbeyemi, confirmed the arrest on Sunday."Adulterated diesel of about 2.5 million litres was fully [...]

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Exchange Rates

March 24, 2017USDGBPEUR
INTERBANK307.88385.25331.83
LAGOS385500430
KANO395505425
PH390500430
ABUJA385496430
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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