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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Rivers

    IPOB members hit Port Harcourt streets for Trump

IPOB members hit Port Harcourt streets for Trump

The Indigenous People of Biafra (IPOB) on Friday held a rally in solidarity with Donald Trump, United States (US) president-elect, in Rivers state.While a solidarity rally was held for the US president-elect in Nigeria, a protest rally against him is gaining momentum in his country.Trump will be inaugurated as the 45th president of the US on Friday.The members of the [...]

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    Rivers PDP: 21 INEC staff have been arrested and told to implicate Wike

Rivers PDP: 21 INEC staff have been arrested and told to implicate Wike

The Rivers state chapter of the Peoples Democratic Party (PDP) has alleged that 21 ad hoc staff of the Independent National Electoral Commission (INEC) who took part in the legislative rerun election in the state have been arrested and told to accuse Nyesom Wike, governor of the state, of offering them bribe.In a statement it issued on Thursday, the party [...]

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    Tam-George: The battle for the soul of Rivers is a generational struggle

Tam-George: The battle for the soul of Rivers is a generational struggle

Austin Tam-George, Rivers state commissioner for information and communication, says the battle for the soul of the state is a generational struggle.Speaking at George Ama community in Okrika local government area, during a reception and award ceremony organised in his honour, the commissioner urged the people of the state to “throw their unflinching support” behind Nyesom Wike, the governor.He said [...]

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    Dismissed officers foiled plot to assassinate Wike, says Rivers govt

Dismissed officers foiled plot to assassinate Wike, says Rivers govt

The Rivers state government says the six officers dismissed from the Nigeria Police Force over alleged abuse of fire arms foiled a plot to assassinate Nyesom Wike, governor of the state.Describing the action of the force as unjust, Austin Tam-George, commissioner of information, appealed to Nigerians to demand the “immediate reinstatement” of the officers.Don Awunah, spokesman of the force, who [...]

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    6 policemen fired for ‘using their firearms for Wike’ during poll

6 policemen fired for ‘using their firearms for Wike’ during poll

Six police officers attached to Nyesom Wike, governor of Rivers state, have been dismissed for "misusing their firearms" during the Rivers legislative rerun election of December 10, 2016.The decision to dismiss and prosecute these officers was sequel to a report from a panel set up by Ibrahim Idris, inspector-general of police, on the incidents recorded during the legislative re-run election.Addressing a [...]

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    Army kills 5 ‘cultists’ in Rivers community where policemen were murdered

Army kills 5 ‘cultists’ in Rivers community where policemen were murdered

Troops of 6 Division, Nigerian Army on Wednesday shot dead five suspected cultists during a gun battle in Omoku, Ogba/Egbema/Ndoni local government area of Rivers state.Mohammed Alkali, a deputy superintendent of police (DSP), and his orderly were beheaded in the community during the legislative rerun election in the state.Kasimu Abdulkarim, general officer commanding (GOC) 6 Division, Port Harcourt, confirmed the [...]

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    Rivers PDP: Abe just a caretaker senator… tribunal will remove him

Rivers PDP: Abe just a caretaker senator… tribunal will remove him

The Rivers state chapter of Peoples Democratic Party (PDP) has expressed confidence that the state election petition tribunal will remove Magnus Abe, who is just a "caretaker senator".Abe was declared winner of the national assembly rerun election in Rivers southeast senatorial district in December 2016.The PDP state chapter said it had gone to the tribunal to challenge the declaration of Abe [...]

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    Like Abia speaker, Rivers assembly speaker quits office

Like Abia speaker, Rivers assembly speaker quits office

Adams Dabotorudima, speaker of the Rivers state house of assembly, has resigned.His resignation was announced hours after Kenneth Njoku quit his position as speaker of the Abia state house of assembly.Njoku, who was elected 24 hours before he left the plum job, was replaced by Chikwendu Kalu.In Rivers, Ikuinyi-Owaji Ibani, representing Andoni constituency, replaced Dabotorudima.Ibani was the speaker until the [...]

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    8 cultists, 14 others expelled from UNIPORT

8 cultists, 14 others expelled from UNIPORT

22 students of the University of Port Harcourt have been expelled from the institution.The senate of UNIPORT on Friday announced that the students were explained for various offences including assaulting a female lecturer. [...]

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    IG, Wike inaugurate separate panels to probe Rivers rerun

IG, Wike inaugurate separate panels to probe Rivers rerun

Ibrahim Idris, inspector-general (IG) of police, has inaugurated the panel setup to investigate alleged malpractices in the legislative rerun election in Rivers state.Nyesom Wike, governor of Rivers, has also inaugurated the commission of inquiry he set up to investigate the violence that marred the election.The Independent National Electoral Commission (INEC) said at least 70 incidents of violence were recorded in [...]

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    My administration has built over 200 roads and bridges, says Wike

My administration has built over 200 roads and bridges, says Wike

Nyesom Wike, governor of Rivers state, says over 200 roads and bridges have been built since his administration came on board 18 months ago.The governor said this while inspecting ongoing projects across Rivers east and Rivers south-east and Rivers west senatorial districts.He expressed delight that his government distributed the projects across the nooks and crannies of the state. Wike also said [...]

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    Wike: Nobody can come after me because God is with me

Wike: Nobody can come after me because God is with me

Nyesom Wike, governor of Rivers state, says nobody can come after him because God is with him.Fielding questions from journalists at the Rivers state government house, Port Harcourt, on Saturday, Wike explained what made him prevent the raid on the house of a judge back in October.He said he had no personal interest to protect, but was only performing his [...]

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    Outstanding Rivers rerun elections postponed till 2017

Outstanding Rivers rerun elections postponed till 2017

The Independent National Electoral Commission (INEC), says it would conduct the outstanding Rivers state assembly rerun elections in 2017.Mahmoud Yakubu, chairman of INEC, said this on Friday while speaking at the opening of a two-day workshop organised by the commission for journalists in Abuja.All rerun elections into the national assembly were concluded on Saturday except that of two constituencies in [...]

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    Collation of Rivers rerun results still going on — after 4 days

Collation of Rivers rerun results still going on — after 4 days

Collation of results is still underway four days after residents of Rivers state went to the polls to elect their lawmakers.The election held in three senatorial districts, eight federal constituencies, and 10 state constituencies.While the Independent National electoral Commission (INEC) has declared winners in the senatorial election, there are outstanding results in the federal and state constituencies.The election was a [...]

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    Sagay a false intellectual with broken moral compass, says Wike

Sagay a false intellectual with broken moral compass, says Wike

Nyesom Wike, governor of Rivers state, says Itse Sagay, chairman of the Presidential Advisory Committee on Anti- Corruption (PACAC), is a false intellectual with a broken moral compass.Wike was speaking in Port Harcourt in reaction to a comment by Sagay that the desperation of politicians in Rivers, led by Wike, was making it difficult for the Independent National Electoral Commission (INEC) to conduct [...]

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    PDP overtakes APC as Rivers rerun election enters Day 4

PDP overtakes APC as Rivers rerun election enters Day 4

The Peoples Democratic Party (PDP) is ahead of the All Progressives Congress (APC), as collation of results in the Rivers state legislative rerun election extends to the fourth day.A total of 20 seats were contested in the election – three in the senate, eight at the house of representatives, and nine at the state house of assembly.So far, 12 results [...]

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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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