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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Ondo

    Best graduating student in FUTA scores 4.89 CGPA

Best graduating student in FUTA scores 4.89 CGPA

Alli Semomhe on Saturday emerged the overall best graduating student of the Federal University of Technology, Akure (FUTA).Semomhe, a graduate of Electrical Electronics, said that hard work and prayer made him to achieve the feat. [...]

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    Abdusalam, ex-speaker of Ondo assembly, is Akeredolu’s legislative aide

Abdusalam, ex-speaker of Ondo assembly, is Akeredolu’s legislative aide

Rotimi Akeredolu, governor of Ondo state, has appointed Taofeek Abdusalam, a former speaker of the Ondo state house of assembly, as his senior special assistant on legislative matters.Sunday Ajiboye, the governor’s chief press secretary, disclosed this in a statement.Abdulsalam, who hails from Ikare-Akoko in Akoko north-east local government area, was speaker between 2008 and 2010.Others appointed by the governor are [...]

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    Bricklayer remanded for ‘beating up’ policeman

Bricklayer remanded for ‘beating up’ policeman

 Tunde Okunuga, a bricklayer, Seyi Okunuga, a trader, and Taiwo Olawole, also an artisan, are currently in detention for allegedly beat up two police officers  in Ondo state.The accused are standing trial on a four-count charge of conspiracy, assault, obstruction on lawful duty and disorderly conduct.On Monday, a magistrates court in the Okitipupa area of the state imposed a fine of [...]

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    Akeredolu dissolves boards and agencies

Akeredolu dissolves boards and agencies

Ouwarotimi Akeredolu, governor of Ondo state has approved the dissolution of all boards and parastatals in the state.Toyin Akinkuotu, head of service, on Saturday in Akure, announced the immediate dissolution of the boards and parastatals.Akinkuotu, through a statement, urged all chairmen, political appointees and non-career employees in all boards and parastatals in the state to hand over all government properties [...]

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    Tinubu in Ondo as Akeredolu takes oath of office

Tinubu in Ondo as Akeredolu takes oath of office

At exactly 11:34am on Friday, Rotimi Akeredolu, a senior advocate of Nigeria (SAN), took oath of office as the sixth executive governor of Ondo state.Bola Tinubu, national leader of the All Progressives Congress (APC), was among the dignitaries that witnessed the occasion.Senate President Bukola Saraki; Godwin Obaseki, governor of Edo state, Abiola Ajimobi, governor of Oyo state; Lai Mohammed, minister [...]

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    We made Ondo the most peaceful state in Nigeria, says Mimiko

We made Ondo the most peaceful state in Nigeria, says Mimiko

Ondo became the most peaceful state in the Niger Delta, south-west and Nigeria in the last eight years, said Olusegun Mimiko, the former governor, in his farewell address.Reading out his achievements on Thursday, Mimiko said his administration recorded successes but also noted that its biggest challenge was being unable to pay salaries at the right time.The ex-governor thanked the people [...]

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    Mimiko hands over power to Akeredolu

Mimiko hands over power to Akeredolu

Olusegun Mimiko, outgoing Ondo state governor, has handed over power to Rotimi Akeredolu, incoming governor.Mimiko passed the baton to Akeredolu on Thursday evening.This is coming less than 24 hours before the inauguration of Akeredolu as Ondo state governor.Before the exercise, Mimiko made two appointments, which are - Idowu Ologunagba as rector for Rufus Giwa Polytechnic, Owo, and Sunday Ogunduyile as [...]

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    EFCC arraigns FUTA VC, bursar for alleged N156m fraud

EFCC arraigns FUTA VC, bursar for alleged N156m fraud

The Economic and Financial Crimes Commission (EFCC), on Tuesday, arraigned Adebiyi Daramola, vice-chancellor of the Federal University of Technology Akure (FUTA), for alleged fraud.Daramola was arraigned alongside Emmanuel Oresegun, the bursar, before Justice SA Bola of the Ondo state high court Akure.According to a statement issued by Wilson Uwujaren, EFCC spokesperson, the duo is facing a nine-count charge of obtaining by false [...]

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    My husband stood by me when I battled cancer, says incoming Ondo first lady

My husband stood by me when I battled cancer, says incoming Ondo first lady

Betty Anyanwu-Akeredolu, incoming first lady of Ondo state, has described her husband as a pillar of support, explaining how he stood by her after she was diagnosed with cancer.Speaking at an event to mark World Cancer Day, Akeredolu also commended her family members for the role they played during the trying period in her life."I had the family support. My [...]

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    Ondo policeman ‘battles for life’ after gun attack

Ondo policeman ‘battles for life’ after gun attack

Michael Olujimi, a policeman attached to the Okitipupa  police division in Ondo state, has been shot by unidentified gunmen.According to NAN, the officer, who is still battling for his life, was found in a pool of blood around 5:30am on Sunday.He was gasping for breath as of the time he was rushed to an undisclosed hospital in the town.The victim [...]

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    Ondo LG chairman dies after political meeting

Ondo LG chairman dies after political meeting

Agunola Omomowo, chairman of Ilaje local government council in Ondo state, has died.Bode Omoyoloye, special adviser on media to the deceased, told NAN that he died in Akure after attending a political meeting on Friday.He described the death as a “rude shock”, saying Omoyoloye was not having any illness before the unfortunate incident.“He was not showing any sign of sickness [...]

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    Mimiko’s convoy attacked in Akure

Mimiko’s convoy attacked in Akure

The crisis rocking the Ondo state house of assembly took a new dimension on Thursday as some protesters attacked the convoy of Olusegun Mimiko, outgoing governor, in Akure, the state capital.Suspected hoodlums smashed the side screens of two vehicles in the governor’s convoy.It took the timely intervention of the men of the state police command to disperse the protesters, some [...]

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    Protesters storm Ondo assembly as Mimiko presents last budget

Protesters storm Ondo assembly as Mimiko presents last budget

Some aggrieved residents of Ondo state stormed the state house of assembly on Wednesday ahead of the budget presentation by Olusegun Mimiko, the outgoing governor.This would be the last time that Mimiko will perform the function, as he will be bowing out on February 24.Wielding placards and chanting anti-government songs, the protesters are calling on Mimiko to pay the outstanding [...]

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    Police seal off Ondo assembly

Police seal off Ondo assembly

The crisis rocking the Ondo state house of assembly assumed a new dimension on Monday, as Hilda Ibifuro-Harrison, the commissioner of police, ordered the sealing off of the assembly complex.This followed the failure of the lawmakers to resolve the leadership crisis that led to the removal of Jumoke Akindele, the former speaker.Pro-Akindele legislators and those opposed to her clashed at assembly complex on [...]

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    Ondo assembly sacks speaker, deputy

Ondo assembly sacks speaker, deputy

Jumoke Akindele, speaker of the Ondo state house of assembly, was on Friday sacked by her fellow lawmakers.Akindele, a Peoples Democratic Party (PDP) representing Okitipupa, was removed over alleged fraud.Fatai Olotu, the deputy speaker representing Akoko north, was also removed.Their removal was carried out by 15 members of the PDP and five members of the All Progressives Congress (APC).Malachi Coker, [...]

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    Charcoal business booms in Ondo

Charcoal business booms in Ondo

Residents of Okitipupa in Ondo state now rely on charcoal for their daily domestic cooking as a rsult of the high cost of kerosene and cooking gas.Kerosene, which sold at N300 per litre has gone up to between N400 and N450, while a 12.5Kg cylinder of cooking gas formerly at N3, 500 has skyrocketed to between N4.500 and N5,000.A full [...]

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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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