Saturday, January 14, 2017
MARKET UPDATE
JANUARY 13, 2017 NIGERIA STOCK EXCHANGE (Market Closed) SUMMARY: All Share Index 26,325.93 Deals 2,653.00 Volume 148,569,099.00 Value 3,758,383,446.99Market Cap 9,058,131,259,973.59TOP GAINERS CONOIL 37.35 (0.85) STANBIC 15.52 (0.49) NB 142.18 (0.18) TOURIST 3.68 (0.17) ACCESS 6.69 (0.12) TOP LOSERS MOBIL 249.86 (-13.15) SEPLAT 370 (-9.99) TOTAL 300 (-4) PRESCO 42.16 (-2.03) JBERGER 34.83 (-1.83) CBN EXCHANGE RATE(NGN)Buying:$USD 304 £GBP 373.5248 EURO 324.1248 SWISS FRANC 301.8268 YEN 2.6611 Selling:$USD 305 £GBP 374.7535 EURO 325.191 SWISS FRANC 302.8197 YEN 2.6698 CNBC COMMODITY PRICES (USD)Crude Oil (Bonny light) 53.25 Natural Gas 3.304 (0.031) Gold 1195.90 (-3.90) Silver 16.785 (-0.04) Copper 2.6905 (-0.019) Wheat 424.25 (-2.00) Coffee 149.10 (-0.50) Cotton 72.30 (-0.04) Cocoa 2213.00 (-17.00)
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Ondo

    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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    4 students expelled, 16 suspended from Ondo University

4 students expelled, 16 suspended from Ondo University

Four students have been expelled from Ondo State University of Science and Technology, Okitipupa, while sixteen others were suspended.The expelled students were accused of gross misconduct while the suspended lot were guilty of multiple cases of examination malpractices. [...]

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    Undergraduate robbed, shot dead by gunmen in Ondo

Undergraduate robbed, shot dead by gunmen in Ondo

Yemi Akinbamiwa, a 300-level of Adekunle Ajasin University Akungba (AAU), Akungba-Akoko, in Ondo, has been killed by gunmen.Akinbamiwa was a son of a popular food vendor in Ondo town, The Nation reports. [...]

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    FUTA crisis deepens as police arrest student leaders, dean

FUTA crisis deepens as police arrest student leaders, dean

Students' Union Government (SUG) executives and Boniface Alese, dean of students' affairs, at the Federal University of Technology (FUTA) were on Wednesday arrested by the police.Alese and some SUG executives were reportedly picked up over their clamour for the reopening of the university. [...]

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    Akeredolu, Mimiko begin transition, hold first meeting since election

Akeredolu, Mimiko begin transition, hold first meeting since election

Rotimi Akeredolu, governor-elect of Ondo state, and Olusegun Mimiko, outgoing governor, met on Wednesday for the first time since the September 26 election.Mimiko, who received Akeredolu at the Alagbaka Government House, Akure, said he had put in place a “seamless” transition to usher in a new government in February.He sought Akeredolu’s support and emphasied on the need to sustain the [...]

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    Mimiko: It behoves me to congratulate Governor-elect Akeredolu

Mimiko: It behoves me to congratulate Governor-elect Akeredolu

Olusegun Mimiko, governor of Ondo state, says it "behoves" him to congratulate Rotimi Akeredolu for winning Saturday's governorship election.Akeredolu polled 244,842 votes to defeat Eyitayo Jegede, candidate of the Peoples Democratic Party (PDP), who got 150,380 votes.In a statement by Eni Akinsola, his spokesman, Mimiko promised to provide a smooth transition process to the incoming government.He also promised to provide leadership [...]

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    It’s too early to decide what to do, says Jegede

It’s too early to decide what to do, says Jegede

Eyitayo Jegede, candidate of the Peoples Democratic Party (PDP) in the Ondo sate governorship election, says it is too early for him to decide the next line of action after the election.Jegede, who thanked the people for standing by him, said he was convinced that he had won their hearts.He spoke in Akure, the state capital, after Rotimi Akeredolu of the [...]

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    Mimiko’s fall from grace to grass — and 2 other reasons Akeredolu won

Mimiko’s fall from grace to grass — and 2 other reasons Akeredolu won

Supporters of the All Progressives Congress (APC) are celebrating the victory of Rotimi Akeredolu, governor-elect of Ondo state, in Saturday’s election.Apart from logistical challenges on the part of the Independent National Electoral Commission (INEC) and skirmishes in some areas, the election was a huge success.The election looked a three-way race involving Akeredolu, Eyitayo Jegede of the Peoples Democratic Party (PDP) and [...]

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    How INEC announced Ondo governorship election results

How INEC announced Ondo governorship election results

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    It’s official: Akeredolu defeats Jegede to win Ondo election

It’s official: Akeredolu defeats Jegede to win Ondo election

The Independent National Electoral Commission (INEC) has formally declared Rotimi Akeredolu, candidate of the All Progressives Congress (APC), as winner of the Ondo state governorship election.According to Abdulganiyu Ambali, a professor and returning officer for the election, Akeredolu polled 244,842 votes to defeat Eyitayo Jegede, candidate of the Peoples Democratic Party (PDP), who recorded 150,380 votes.Olusola Oke of the Alliance [...]

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    Akeredolu: As governor, I will end poverty and stagnation in Ondo

Akeredolu: As governor, I will end poverty and stagnation in Ondo

Rotimi Akeredolu, candidate of the All Progressives Congress (APC) in the Ondo governorship election, has thanked the people of the state for "electing" him, declaring that “today, change has come”.Akeredolu is favourite to emerge governor-elect, although he hasn't been officially pronounced so by the Independent National Electoral Commission (INEC), which is still awaiting the arrival of results from one final [...]

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    Akeredolu’s declares self gov-elect before INEC declaration

Akeredolu’s declares self gov-elect before INEC declaration

Rotimi Akeredolu, candidate of the All Progressives Congress (APC) in the Ondo state governorship election, has literally declared himself governor-elect.The Independent National Electoral Commission (INEC) has yet to officially declare Akeredolu winner of the poll; but the former Nigerian Bar Association (NBA) president — leading his closest challenger by a landslide after announcement of results in 17 of 18 local governments [...]

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    INEC all set to declare Akeredolu Ondo gov-elect

INEC all set to declare Akeredolu Ondo gov-elect

The Independent National Electoral Commission (INEC) is all but set to declare Rotimi Akeredolu, candidate of the All Progressives Congress (APC), as winner of the Ondo state governorship election.Eyitayo Jegede of the Peoples Democratic Party (PDP) is trailing Akeredolu by close to 100,000 votes, following the announcement of results from 17 of the 18 local government areas where voting took place.Olusola [...]

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    UPDATED: Final Ondo governorship election results at a glance

UPDATED: Final Ondo governorship election results at a glance

The 2016 Ondo state governorship election has now been finally concluded, following more than three hours of delay in the arrival of results from Ilaje local government. With INEC expecting the arrival of results from Ilaje to take at least another two hours, further announcement was suspended till 11am.But 11am turned to 12 noon; and when the results finally came in, the [...]

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    Ondo: INEC says it has card readers to replace faulty ones

Ondo: INEC says it has card readers to replace faulty ones

Segun Agbaje, the Ondo state resident electoral commissioner of the Independent National Electoral Commission (INEC), says the commission has more than 250 spare smart card readers to replace those malfunctioning.He said this on Saturday while speaking with journalists at Unit 9, Ward 2, Gbogi/Isinkan in Akure south local government area of the state on the sidelines of the accreditation and [...]

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    INEC card reader rejects Mimiko

INEC card reader rejects Mimiko

One of the card readers used by the Independent National Electoral Commission (INEC) in the ongoing Ondo state governorship election has failed to capture the biometrics of Olusegun Mimiko, governor of the state.The incident happened at Ward 7, Unit 21, Ondo West local government area, where the governor cast his ballot.Mikiko eventually had to fill an incident form before he could cast his [...]

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Exchange Rates

January 14, 2017USDGBPEUR
INTERBANK316.13385.11336.46
LAGOS491600515
KANO487595510
PH491600518
ABUJA492600516
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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