Saturday, January 21, 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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Lagos

    Expect 9-hour power outage in parts of Lagos

Expect 9-hour power outage in parts of Lagos

There would be a nine-hour power outage in some parts of Lagos state on Monday, says the management of Eko Electricity Distribution Company (EKEDC).The News Agency of Nigeria (NAN) reports that this was made known by the company in a statement on Saturday.Areas expected to be affected by the outage are: Lagos Island, Victoria Island and Ikoyi.Godwin Idemudia, head of corporate communications, said, [...]

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    Many ‘trapped’ in total traffic lockdown on third mainland bridge

Many ‘trapped’ in total traffic lockdown on third mainland bridge

Repair works being carried out on third mainland bridge in Lagos have not only created inconvenience, but left many commuters stranded.On a daily basis, thousands of cars use the bridge in connecting Lagos Island from the mainland part of the cosmopolitan city.The Federal Roads Maintenance Agency (FERMA) commenced rehabilitation on it on Monday, and there was little or no hassle.However, [...]

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    2-year-old boy killed in fire outbreak at Ojuelegba

2-year-old boy killed in fire outbreak at Ojuelegba

A two-year-old boy has been reported dead following a fire incident that gutted a flat at Ojuelegba in Lagos State on Thursday.The parents and two sisters of the deceased, who were rushed to the hospital after the incident, are reported to have become unconscious.Rasak Fadipe, director, Lagos State Fire Service, confirmed the tragic incident in an interview with NAN.Fadipe said [...]

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    Ambode promises to construct 181 roads before April

Ambode promises to construct 181 roads before April

Akinwunmi Ambode, governor of Lagos state, says his administration will construct 181 roads across the state before the second quarter of the year.There are four quarters a year, and April is the beginning of the second quarter.Ambode said this in Ketu during a town hall meeting with residents of Lagos-east senatorial district.He said the construction would be visible in all [...]

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    Group begs Nigerians to exercise patience with Buhari

Group begs Nigerians to exercise patience with Buhari

The Coalition of Civil Society Organisations has urged Nigerians to be patient with President Muhammadu Buhari as he aims to fulfill his campaign promises.Members of the group converged on Freedom Park, Ojota, Lagos on Thursday, to drump support for the current administration.They bore placards and banners with inscriptions such as: ‘Bad Governance, Corruption and Insincerity of Previous Government Brought Recession’; [...]

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    231 UNILAG students to graduate with first class degrees

231 UNILAG students to graduate with first class degrees

The University of Lagos (UNILAG) will award 231 out of 12,617 graduating students with first class degrees during its 49th convocation on Tuesday, January 24.Rahmon Bello, vice-chancellor of the institution, made this known during a news conference on Wednesday in Lagos. [...]

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    Lawyer writes Sowore as peace talk fails to hold

Lawyer writes Sowore as peace talk fails to hold

The lawyers of Lekan Fatodu, a UK-based journalist and PR consultant, have written Omoyele Sowore, publisher of SaharaReporters, after the peace talks between the duo failed to hold as originally scheduled.Fatodu had alleged that Sowore demanded a bribe from him from an NSA contract and that his refusal to yield led to negatives stories being published him on Sahara Reporters.But reacting to [...]

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Two UNILAG graduating students reveal how they got ‘perfect’ 5.0 CGPA

Two graduating students of the University of Lagos (UNILAG) have recorded an impressive feat of having a perfect 5.00 Cumulative Grade Point Average (CGPA) in the 2015/2016 session.Oyindamola Omotuyi emerged as the best graduating student from the department of Systems Engineering while Bankole Titilayo Taiwo graduated from the department of Cell Biology and Genetics. [...]

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    Fraud convict collapses in court before sentencing

Fraud convict collapses in court before sentencing

Adaoha Ugo-Ndagi, a convicted fuel subsidy fraudster, on Friday collapsed in court before she was sentenced.Ugo-Ndagi, managing director of Ontario Oil and Gas, and Walter Wagbatsoma, an oil marketer, were convicted of eight counts of fraud.The duo forged documents to receive N1.9bn from the government for petroleum products they did not supply.Delivering her judgment, Lateefat Okunnu, justice of the Lagos [...]

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    Anger as price of cooking gas rises by 30%

Anger as price of cooking gas rises by 30%

A recent hike in the price of cooking gas has attracted widespread condemnation from Lagosians.A 12.5kg cylinder, which previously sold for N3,500, now goes for N4,500 in most parts of the the state.Users of the commodity were irked by the hike, saying it was arbitrary and thoughtless.Rebecca Aleshinloye, a resident of Surulere, alleged that gas sellers annually exploit users by [...]

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    Cheta, Olamide, Simi named among the most inspiring faces of Lagos Mainland

Cheta, Olamide, Simi named among the most inspiring faces of Lagos Mainland

InsideMainland.com, a Lagos-based, community-focused platform, has named Cheta Nwanze, Olamide Adedeji and Simisola Ogunleye among the most inspiring personalities of Lagos Mainland.According to the organisaers, the list is a compilation of men and women who "against all odds, thrived in 2016 and whose professional and social endeavours served as an inspiration to members of communities of the Lagos Mainland".Here are [...]

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    Man gets N50,000 bail after pushing wife off storey building, dislocating her ankles

Man gets N50,000 bail after pushing wife off storey building, dislocating her ankles

Kema Akejelu, a 33-year-old man, on Thursday appeared before an Ikeja chief magistrates’ court for allegedly beating up his wife and throwing her off a storey building.The accused, a carpenter, who resides at Seun Nwachi St., Idimu, a suburb of Lagos, is facing a two-count charge bordering on assault.Simeon Inuoha, the prosecutor, told the court that the offence was committed on [...]

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    Fire kills 3 siblings locked in a room by their mother

Fire kills 3 siblings locked in a room by their mother

If Ngozi Ifediba, a resident of 15 Ikuna Street, Liasu Road, Ikotun Egbe, knew what was ahead, she would not have locked her three children – all below 10 years –in a room on a day when fire engulfed her one-room apartment.The children, identified as Chiamaka, Emmanuel and Chiagozie, died at Do-alllars Hospital, Ikotun, where they were taken to, for [...]

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    Lagos demolishes roundabouts on Lekki-Epe expressway

Lagos demolishes roundabouts on Lekki-Epe expressway

The Lagos state government has completed the removal of the Jakande and Chisco roundabouts in Ikate Elegushi axis of Eti-Osa local government area of the state.Addressing reporters on Tuesday, Anofi Elegushi, acting commissioner for transportation, explained that this was part of efforts to reduce travel time on the expressway.He said the administration of Akinwunmi Ambode, governor of the state, was [...]

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    We regret losing one of our key members, says public relations association

We regret losing one of our key members, says public relations association

The Public Relations Consultants Association of Nigeria (PRCAN) has described the recent passage of Osita Ike, one of its members, as a great loss to the communications industry in Nigeria.Before his death, Ike was the principal consultant of Oyster St Iyke Limited, a PR and communications consultancy, and an active member of both PRCAN and the Nigerian Institute of Public [...]

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    Boko Haram commander arrested in Ikorodu

Boko Haram commander arrested in Ikorodu

A top member of the Boko Haram sect has been arrested in the Ikorodu area of Lagos state on Saturday.This was revealed by Tukur Buratai, chief of army staff.Buratai said this during the reopening of two major roads in the state.The roads – Maiduguri-Gubio-Damasak and Maiduguri-Monguno-Baga – were closed during the height of the activities of the insurgents in 2013.He charged [...]

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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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