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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Niger

    FG grants mining licence to FUTMINNA

FG grants mining licence to FUTMINNA

The federal government has granted the Federal University of Technology, Minna, the licence to engage in mining activities.Lydian Legbu made the disclosure in a statement made available to the News Agency of Nigeria (NAN) on Thursday. [...]

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    I was framed, says lecturer found naked in female student’s room

I was framed, says lecturer found naked in female student’s room

Ishaq Yusuf, a lecturer at the Ibrahim Badamasi Babangida University (IBBU) in Lapai, Niger state, says he was framed - after he was found naked in a female student's room at night.The lecturer of English language and communication studies claims he was abducted by Chidimma Mercy Samuel, a 400 level student of the department, who is accusing him of requesting [...]

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    Explosive kills soldier, two civilians in Niger state

Explosive kills soldier, two civilians in Niger state

A handheld grenade exploded on Saturday at Bari village, Bangi local government area of Niger state, killing a soldier and two villagers.According to Bala Elkalla, spokesman of the state police command, the explosive also injured four other villagers.Elkalla said the soldier, who is serving in Maiduguri, Borno state capital, obtained permission to travel to his village and was with his [...]

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    NGO demands closure of all IDP camps in north-east

NGO demands closure of all IDP camps in north-east

The Children’s Government of Nigeria, a non-governmental organisation, has called on the federal and state governments to close internally displaced persons (IDPs) camps in the north-east.Patrick Ikpeme, its national coordinator, made the call in Minna, during a courtesy visit to the Niger State Development Company.According to NAN,  Ikpeme said the camps should be closed down “immediately”, claiming they had a [...]

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    NECO official quizzed for ‘burning’ palms of 8-year-old maid

NECO official quizzed for ‘burning’ palms of 8-year-old maid

A staff of the National Examination Council (NECO) is being quizzed by for burning the palms of an eight- year old housemaid, Niger state's child right protection agency has said.The maid was accused of stealing meat from the pot.In an interview with News Agency of Nigeria (NAN) on Saturday, Miriam Kolo, director-general of the agency, said Grace Edeh, a 35-year-old, was [...]

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    Academic activities suspended in FUTMinna after students go on rampage

Academic activities suspended in FUTMinna after students go on rampage

Academic activities have been suspended in Federal University of Technology, Minna, Niger state, after the outbreak of violence in the school premises on Wednesday.A statement signed by Shakirudeen Yusuf, the school's acting academic secretary, said, "The management of the Federal University of Technology, Minna, has approved a two-week mid-semester break for all students of the institution with immediate effect." [...]

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    Most teachers in my state are not competent, says Niger gov

Most teachers in my state are not competent, says Niger gov

Abubakar Bello, governor of Niger, says majority of the teachers in his state do not have the "competency to teach."Bello while receiving Jonathan Ndagi, chairman, board of directors of Bida emirate education forum on Wednesday, said the lack of competence was why the state recorded mass failure in the West African Examination Council (WAEC) and National Examinations Council (NECO)."Information reaching [...]

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    Masaba, Islamic preacher imprisoned for not divorcing 82 wives, dies

Masaba, Islamic preacher imprisoned for not divorcing 82 wives, dies

Mohammed Masaba, the controversial Islamic preacher who married 86 wives, is dead.Mutairu Bello, his personal assistant, confirmed Masaba’s death, saying the preacher died in his residence in Bida, Niger state, after a brief illness on Saturday.Bello said the deceased was 93, and that he would be buried at 10am on Sunday.Masaba came to limelight in mid-2008 when he was accused [...]

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    FUTMINNA produces 34 first class graduates, scraps ‘pass degree’

FUTMINNA produces 34 first class graduates, scraps ‘pass degree’

Ahead of its 26th convocation ceremony, the Federal University of Technology, Minna, has announced that it produced 34 first class and 35 PhD graduates in the 2015/2016 session.Musbau Adewumi Akanji, vice-chancellor of the university, made this known to journalists on Thursday. [...]

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    2 security operatives killed as farmers, herdsmen clash in Niger

2 security operatives killed as farmers, herdsmen clash in Niger

A police inspector, an officer of the Nigeria Security and Civil Defence Corps (NSCDC) and a civilian, were on Thursday night killed in a clash between herdsmen and farmers in Sabon Daga Village in Niger state.Bala Elkalla, public relations officer of the Niger police command, confirmed this to NAN on Friday.Elkalla said the police had contained the situation, and that [...]

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    Police: Don’t collect wrapped gifts from strangers this Christmas, they could be bombs

Police: Don’t collect wrapped gifts from strangers this Christmas, they could be bombs

Muazu Zubairu, the commissioner of police in Niger state, has cautioned residents of the state against receiving wrapped gifts from strangers during the yuletide.Speaking with NAN on Wednesday, Zubairu said the residents needed to be cautious because of desperate attempts by the insurgents to cause havoc.While stating that the gifts could turn out to be striker bombs, he said the [...]

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    14 dead, 8 houses burnt in Niger petrol tanker fire

14 dead, 8 houses burnt in Niger petrol tanker fire

Fourteen persons in Tegina town in Rafi local government area of Niger state, lost their lives as a result of a fire caused by a petrol tanker, on Friday.The tanker was conveying petrol from Lagos to Kaduna when the driver lost control and rammed his vehicle into some residential buildings in the town.Eight houses were completely burnt in the tragic [...]

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    Policeman arrested over death of driver

Policeman arrested over death of driver

A policeman, who allegedly killed a driver and injured another on Tegina – Lagos road, has been arrested by the Niger state police command.Bala Elkana, the command’s spokesman, told NAN in Minna that investigation into the incident had commenced.“The policeman in question has been arrested and detained as the commissioner of police, Zubairu Muazu, has ordered for an in-depth investigation [...]

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    Gunmen raid Niger village, ‘kill 6, steal 700 cattle’

Gunmen raid Niger village, ‘kill 6, steal 700 cattle’

Six persons were killed in an attack by suspected cattle rustlers in Kukoki community in Shiroro local government area of Niger state.Mark Jagaba, chairman of the council, disclosed this to NAN on Wednesday, saying the attack, which led to the injuries of some women and children, lasted for at least four hours.He quoted members of the community as saying that [...]

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    We need to counsel released Chibok girls, says CAN

We need to counsel released Chibok girls, says CAN

The Niger state branch of the Christian Association of Nigeria (CAN) has advised the federal government to involve "seasoned, experienced and informed clergymen" to assist in counselling the released Chibok schoolgirls.Mathias Echioda, CAN chairman in the state, gave the advice in an interview with NAN in Minna, capital of Niger.Echioda said the call became necessary to help rebuild their morals [...]

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    ‘They can’t even have four credits’… Niger to stop ‘throwing away money’ on SSCE fees

‘They can’t even have four credits’… Niger to stop ‘throwing away money’ on SSCE fees

Niger state government intends to stop the payment of West African Examination Certificate (WAEC) and National Examination Council (NECO) fees for its secondary school students.According to the News Agency of Nigeria (NAN), Sani Bello, Niger governor, said this on Tuesday while lamenting the track record of unimpressive performance of the students. [...]

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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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