Tuesday, March 21, 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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    Tinubu asks: Why would I reject a chieftaincy title from Olubadan?

Tinubu asks: Why would I reject a chieftaincy title from Olubadan?

Bola Ahmed Tinubu, national leader of the All Progressives Congress (APC), has denied rejecting a chieftaincy title from Olubadan of Ibadan, Oba Saliu Adetunji.Tinubu's media office in a statement on Monday said the former Lagos governor "could not have rejected" such an offer from the monarch.He said at no point did he turn down the Balogun chieftaincy title offered to [...]

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    UI senior staff, non-teaching staff begin indefinite strike

UI senior staff, non-teaching staff begin indefinite strike

The Non-Academic Staff Union (NASU), National Association of Academic Technologists (NAAT) and Senior Staff Association of Nigerian Universities (SSANU) chapters of the University of Ibadan have embarked on an indefinite strike.The unions embarked on the industrial action to protest shortfall in the payment of salaries and allowances of their members. [...]

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    Lead City University student sentenced to death for killing colleague

Lead City University student sentenced to death for killing colleague

Moshood Owolabi, 200 level student of Lead City University, Ibadan, has been handed a death sentence for stabbing a fellow student.Adegboye Gbolagunte, who delivered the judgement on Wednesday at an Ibadan high court, sentenced Owolabi to death by hanging for causing the death of Seun Kolawole, another student, two years ago. [...]

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    School sues WAEC for seizing results of 100 students

School sues WAEC for seizing results of 100 students

The Christ National Model College, Ido, Ibadan, has sued the West African Examination Council (WAEC) over the seizure of the May/June 2015 results of the school.At the hearing of the suit on Tuesday, justice Nathaniel Ayo-Emmanuel of the federal high court, Ibadan, adjourned the case till April 6 [...]

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    If not for cassava, hunger would have ‘killed many people’

If not for cassava, hunger would have ‘killed many people’

Cassava farmers who participated in the weed management project organised by the International Institute of Tropical Agriculture (IITA), Ibadan, have said that cassava farming saved them from hunger and death.According to Godwin Atser, IITA communication specialist, the farmers made the comment in Ibadan on Wednesday.Aster said Julius Kpenkpen, a farmer whose farm is located in Benue state, said he and [...]

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    Finally, LAUTECH lecturers call off 8-month strike

Finally, LAUTECH lecturers call off 8-month strike

Lecturers in the Ladoke Akintola University of Technology (LAUTECH), Ogbomosho, have put an end to the strike they embarked on after almost eight months.Bodunrin Olaniran, chairman of the Academic Staff Union of Universities (ASUU), LAUTECH branch and Toyin Abegunrin, the secretary, announced the suspension in a letter. [...]

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    Agriculture college Ibadan on strike over suspension of lecturers

Agriculture college Ibadan on strike over suspension of lecturers

Academic activities were on Tuesday paralysed at the Federal College of Agriculture (FCA), Ibadan, Oyo state, as some members of staff embarked on a protest demanding reinstatement of four of their suspended colleagues.The News Agency of Nigeria (NAN) reports that the institution's major gates were locked, hindering workers, students and members of the public from entering the college. [...]

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    Ajimobi: Nothing wrong in south-west states having joint ownership of LAUTECH

Ajimobi: Nothing wrong in south-west states having joint ownership of LAUTECH

Abiola Ajimobi, Oyo state governor, says Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, should be the flagship institution of the south-west geopolitical region.The governor said it wouldn't be a bad idea for all south-west states to have a stake in LAUTECH and collectively fund the institution whose academic and non-academic staff have been on strike for eight months over funding issues. [...]

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    ‘We want OPC… police have failed to protect us from robbers in Oyo town’

‘We want OPC… police have failed to protect us from robbers in Oyo town’

Some residents of Oyo town in Oyo state say they have resolved to employ the services of the Oodua People’s Congress (OPC) to protect them from armed robbers.In a statement issued by Hassan Adebayo, Oyo Global Forum (OGF) general secretary, on Wednesday, the socio-cultural group said the people of the town had no option but to resort to self-help since [...]

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    ASUU to govt: Show us how you’ll pay N7.1bn LAUTECH debt and we’ll end strike

ASUU to govt: Show us how you’ll pay N7.1bn LAUTECH debt and we’ll end strike

Lecturers of Ladoke Akintola University of Technology, Ogbomoso chapter, would only return to work if government states a plan of sustainable funding framework for the institution.The academic staff union of universities on Monday said that was the only condition for ending the ongoing eight months industrial action at the institution.  [...]

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    RETRACTION: Ajimobi’s daughter and ‘generation of mannerless children’

RETRACTION: Ajimobi’s daughter and ‘generation of mannerless children’

TheCable hereby retracts its story "'Generation of mannerless children', Ajimobi’s daughter hits back at LAUTECH students” published on January 15, 2017.The newspaper also offers its unreserved apology to Ajibola Ajimobi, daughter of Abiola Ajimobi, governor of Oyo state, whom was wrongly credited with the statement.Quoting an Instagram account erroneously believed to belong to the governor’s daughter, the story, published on January 15, [...]

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    LAUTECH lecturers: We won’t return to classrooms even if students resume

LAUTECH lecturers: We won’t return to classrooms even if students resume

Biodun Olaniran, chairman of the Academic Staff Union of Universities (ASUU), LAUTECH chapter, has announced that its members will not end their 7 months strike if their demands are not fully met.Olaniran told TheCable Lifestyle that the management of Ladoke Akintola University of Technology has the liberty to open the school but cannot force them to work. [...]

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    LAUTECH announces resumption — 7 months after strike began

LAUTECH announces resumption — 7 months after strike began

Seven months after its lecturers went on strike, academic activities are set to resume in Ladoke Akintola University, Ogbomosho, (LAUTECH).The management of the institution has announced that the school will be reopened on Friday, January 27. [...]

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    Finally, LAUTECH VC receives N500m to pay salary arrears

Finally, LAUTECH VC receives N500m to pay salary arrears

Students of Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, have a reason to hope that their institution would soon be reopened.Suleiman Gbadegesin, the vice-chancellor, on Monday revealed that the institution had received N500 million from Osun and Oyo state governments.  [...]

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    Rights group to Ajimobi: Reopen LAUTECH in 7 days or we shut down Oyo state

Rights group to Ajimobi: Reopen LAUTECH in 7 days or we shut down Oyo state

Citizens Action to Take Back Nigeria (CATBAN), a civil society organisation, has warned Abiola Ajimobi, governor of Oyo state, to reopen Ladoke Akintola University (LAUTECH) or they will "occupy and shut down the state".A video clip of an altercation between Ajimobi and LAUTECH students has since gone viral.The students were protesting the closure of the university for the past eight months.In a [...]

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    Osinbajo leads other dignitaries to Men of Issachar Vision’s conference

Osinbajo leads other dignitaries to Men of Issachar Vision’s conference

The Men of Issachar Vision Inc (MIV) — an international Christian organisation committed to leadership development, Christian missions and religious reawakening — will host Vice-President Yemi Osinbajo and other local and international dignitaries at the 27th edition of its annual leadership conference scheduled to hold from Wednesday to Sunday.THe conference, which takes place at the Leadership and Mission’s Conference Centre, behind First Bank, [...]

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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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