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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Taraba

    Taraba workers shut down state secretariat over unpaid salaries

Taraba workers shut down state secretariat over unpaid salaries

Workers employed by the Taraba state government shut down the state secretariat in Jalingo, the state capital, to protest against the non-payment of their salaries.Addressing the protesters, Peter Gambo, state chairman of the Nigeria Labour Congress (NLC), said the state government had continued to be insensitive to the plights of the workers.Gambo said that they were protesting against other irregularities [...]

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    20 killed, 10,000 displaced in Taraba communal crisis

20 killed, 10,000 displaced in Taraba communal crisis

The National Emergency Management Agency (NEMA) has confirmed that 20 persons lost their lives and about 10,000 others were displaced in the recent communal clash in Dan-Anacha village in Gassol local government area of Taraba state.Sa’ad Bello, the agency’s coordinator in charge of Adamawa and Taraba operational offices, confirmed the development to NAN in Yola, capital of Adamawa state capital.Bello [...]

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    Taraba connects NYSC camp to national grid

Taraba connects NYSC camp to national grid

The Taraba state government has connected the National Youth Service Corps (NYSC) camp in the state to the national electricity grid to enable the corps members undertake their orientation course comfortably.Emmanuel Attah, state NYSC coordinator, said this at the swearing-in ceremony of the 2016 Batch B corps members.Attah said the gesture would go a long way in alleviating the sufferings [...]

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    Taraba tomatoes will soon flood the markets, says Ishaku

Taraba tomatoes will soon flood the markets, says Ishaku

Darius Ishaku, Taraba state governor, says his state is working at mass-producing tomatoes and tea for local and foreign markets.Speaking with state house correspondents in Abuja on Tuesday, the governor said some foreign investors had already shown interest to invest in the state.He dismissed the insinuation that his trips to Germany and India were a jamboree, saying the interest of [...]

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    ‘Herdsmen’ raid Taraba villages, kill 44

‘Herdsmen’ raid Taraba villages, kill 44

At least 44 people were killed in a series of attacks by suspected herdsmen on villages in Gassaka and Bali local government areas of Taraba state.Sylvanus Giwa, senior special assistant to the governor on media and publicity, confirmed this in a statement he issued on Tuesday.The statement said 20 persons were killed in Angai village, nine in Maisuma, eight in [...]

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    Lassa claims 14 lives in Taraba

Lassa claims 14 lives in Taraba

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    ‘Mama Taraba’s’ appeal lacked ‘redeemable substance’, says supreme court

‘Mama Taraba’s’ appeal lacked ‘redeemable substance’, says supreme court

The supreme court on Monday said the All Progressives Congress (APC) and Aisha Alhassan, its governorship candidate in the Taraba April 11 governorship election, had no locus standi to contest the candidature of Darius Ishaku, the Peoples Democratic Party (PDP) candidate who is now governor of the state.The court said this as it explained the dismissal of Alhassan's appeal on February 11.In [...]

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    ‘Mama Taraba’ loses at supreme court

‘Mama Taraba’ loses at supreme court

The supreme court has dismissed the appeal of Aisha Alhassan, Taraba state governorship aspirant of the All Progressives Congress (APC) now minister of women affairs, challenging the judgment of the appeal court declaring Ishaku Darius as governor of the state.The apex court dismissed the appeal for lacking in merit, but stated that it would give the reason for its decision on [...]

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    Gunmen abduct mother of Taraba deputy governor

Gunmen abduct mother of Taraba deputy governor

Hauwa-Belli Manu, mother of Haruna Manu, deputy governor of Taraba state, was abducted from her residence in the Mutum-Biyu headquarters of Gassol local government area of the state around 9pm on Monday.Joseph kwaji, police public relations officer (PPRO) in Taraba, confirmed the incident, saying the suspected kidnappers were yet to get in touch with the family of the victim.Kwaji said [...]

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    Taraba lawmakers reelect ex-speaker

Taraba lawmakers reelect ex-speaker

The house of assembly in Taraba state on Thursday elected Mark Useni, a former speaker, as its new speaker.Useni, who was speaker of the house in the seventh assembly, replaced Abel Diah of Mbamga constituency, whose election was nullified by the court of appeal December, 2015.Useni represents Takum 2 Constituency in the house.Majority leader of the house, Albasu Kunini, nominated [...]

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    ‘Mama Taraba’ loses at appeal court

‘Mama Taraba’ loses at appeal court

Aisha Alhassan, candidate of the All Progressives Congress (APC) in the Taraba state governorship election, has lost her bid to replace Darius Ishaku of the Peoples Democratic Party (PDP), as governor of the state.On Thursday, the appeal court sitting in Abuja ruled that the Alhassan had no locus standi – the right or capacity to appear in a court – to question [...]

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    Ishaku vs ‘Mama Taraba': The appeal verdict next

Ishaku vs ‘Mama Taraba': The appeal verdict next

The court of appeal on Monday reserved judgment in the appeal of Darius Ishaku challenging the judgment of the Taraba state election petition tribunal which annulled his election as governor of the state.The court reserved judgment after counsel to Ishaku and Aisha Alhassan, candidate of the All Progressives Congress (APC) in the April 11 governorship election in Taraba state, made [...]

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    Ishaku: Appeal court will restore my mandate

Ishaku: Appeal court will restore my mandate

Darius Ishaku, governor of Taraba state, says he is confident the court of appeal will restore his mandate. Yusufu Akirikwen, the state attorney-general and commissioner for justice, said on Monday that Ishaku's team of lawyers had appealed the decision of the tribunal which held that he was not a valid candidate of the Peoples Democratic Party (PDP). The tribunal had declared that Aisha Alhassan, the All [...]

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    Tribunal ousts speaker of Taraba state assembly

Tribunal ousts speaker of Taraba state assembly

The Taraba state election petitions tribunal has ordered the Independent National Electoral Commission (INEC) to withdraw the certificate of return issued to Abel Diah, speaker of the state house of assembly.In its ruling on Wednesday, the tribunal held that there were irregularities in eight of the 48 polling units in Diah’s Mbamnga constituency.The tribunal held that election in the affected [...]

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    Tribunal orders removal of PDP senator in Taraba

Tribunal orders removal of PDP senator in Taraba

The election petition tribunal sitting in Jalingo, Taraba state, has nullified the election of Bashir Marafa, a Peoples Democratic Party (PDP) lawmaker representing Taraba central senatorial district.The tribunal held that the election of Marafa could not stand, because he did not score the lawful majority votes in the March 28 election.Suleiman Yusuf, one of the tribunal’s members, read the three-hour [...]

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    Taraba monarch, two wives killed in Saudi stampede

Taraba monarch, two wives killed in Saudi stampede

Abbas Ibrahim, a first class traditional ruler in Taraba state, and two of his wives were among the victims of Thursday’s stampede in Saudi Arabia.While the Taraba Muslim Pilgrims Welfare Board announced the death of Ibrahim, who was also the state’s amirul hajj for the 2015 pilgrimage, the Zing traditional council confirmed the death of his two wives.Hamman-Adama Tukur, chairman [...]

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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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