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)

Yobe

    Yobe gov threatens to fire commissioner for sleeping on duty

Yobe gov threatens to fire commissioner for sleeping on duty

Ibrahim Gaidam, governor of Yobe state, has threatened fire a commissioner for dosing during the presentation of the 2017 budget to the state house of assembly.The governor had barely commenced reading the budget speech when the cabinet member started snoring.Gaidam warned that henceforth, any public officer caught sleeping would be sacked.“As from today, any commissioner or special adviser caught sleeping [...]

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    Yobe govt suspends 2016 hajj team

Yobe govt suspends 2016 hajj team

Ibrahim Al-Arab, chairman, Yobe Muslim Pilgrims Commission, says the state government has suspended the traditional "Amirul Hajj" team for this year's pilgrimage to Saudi Arabia.He disclosed on Friday while answering questions from journalists in Damaturu, the state capital.According to him, the development is due to paucity of funds and the need to save costs.Al-Arab said that 1,800 intending pilgrims had [...]

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    APC beats PDP to vacant slot at Yobe house of assembly

APC beats PDP to vacant slot at Yobe house of assembly

The Independent National Electoral Commission (INEC) on Sunday declared Zannah Bunu of the All Progressives Congress (APC) winner of the by-election for Gulani state constituency of Yobe state.According to a statement issued by Bagudu Nma, information officer of the commission in Damaturu, Bunu polled 6,488 votes to beat Isa Babayaro of the Peoples Democratic Party (PDP), who scored 1,623 votes.The [...]

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    Yobe shuts down IDP camp

Yobe shuts down IDP camp

The Yobe state government has closed the Bukar Ali internally displaced persons (IDPs) camp, Damaturu, the state capital, relocating 391 persons back to their communities.Speaking at the official closure of the camp, Ibrahim Gaidam, governor of the state, said the closure followed requests by occupants who said they wanted to return home.Represented by Musa Jidawa, executive secretary of the State [...]

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    PDP conducts ‘peaceful’ LG congress in Yobe

PDP conducts ‘peaceful’ LG congress in Yobe

The Peoples Democratic Party (PDP) in Yobe says it has conducted peaceful local government congress election in line with the party’s guideline.Bello Mahmud, secretary, state caretaker committee, disclosed this to reporters in Damaturu, the state capital on Saturday.He said elections were conducted for the local government councils with more than one candidate contesting.Mahmud said consensus was adopted in areas that [...]

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    Yobe deputy governor survives car crash

Yobe deputy governor survives car crash

Abubakar Aliyu, deputy governor of Yobe state, was involved in an accident at Dakatsalle town in Bebeji local government area of Kano state on Monday.A witness told NAN that the incident occurred after a vehicle on high speed hit his official car around 1pm.According to the witness who did not want to be named, Aliyu’s convoy made a brief stopover at the [...]

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    Yobe APC suspends 20 members for ‘disloyalty’

Yobe APC suspends 20 members for ‘disloyalty’

The All Progressives Congress (APC) in Yobe has suspended 20 of its members for “insubordination and disloyalty”.Abubakar Bakabe, secretary of the APC in the state, confirmed the development, saying the action was taken in order to instill discipline in the party.Bakabe dismissed the claim of the affected officials that the national secretariat of APC had reversed the decision.“We wish to [...]

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    No part of Yobe is under Boko Haram, says Gov. Gaidam

No part of Yobe is under Boko Haram, says Gov. Gaidam

Ibrahim Gaidam, governor of Yobe state, says there is no part of the state currently under the occupation of Boko Haram insurgents.Gaidam saId this in Damaturu, capital of the state, while receiving a delegation from Nigerian Ports Authority (NPA) who delivered relief materials to the state.Gaidam, who was represented by Baba Malam-Wali, secretary to the state government, said the areas [...]

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    We are not in haste to return home, say Yobe IDPs

We are not in haste to return home, say Yobe IDPs

Internally Displaced Persons (IDPs) in Pompomari, Kukareta and Muhammadu Gombe IDP camps in Damaturu, Yobe, on Saturday said they were not in a haste to return home.Ali Bukar, a displaced person and community leader from Shettiram village, told NAN that his people were "comfortable at the camps and, therefore, in no hurry to return home”."We will remain here in the [...]

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    Boko Haram’s days are numbered, says Gaidam

Boko Haram’s days are numbered, says Gaidam

Ibrahim Gaidam, governor of Yobe state, has expressed hope that activities of the Boko Haram sect would soon be a thing of the past.Gaidam made the remark in a statement issued on his behalf by Abdullahi Bego, his special assistant on media."In view of the all-hands-on-deck approach adopted by the federal government, insurgency will soon come to an end," the [...]

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    NUT issues 2-week strike ultimatum in Yobe

NUT issues 2-week strike ultimatum in Yobe

The Yobe state chapter of the Nigeria Union of Teachers (NUT) has threatened to embark on strike action if the state government failed to upgrade the employment status of 1, 240 teachers within the next two weeks.Lawan Ibrahim, state chairman of the NUT, gave the warning while fielding questions from journalists in Damaturu, capital of the state, on Monday.He said [...]

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    Policeman in Yobe kills self, two colleagues

Policeman in Yobe kills self, two colleagues

A police officer in Yobe state shot and killed two of his senior colleagues on Friday morning.Toyin Gbadegesin, the police public relations officer of the state, confirmed the incident, saying the officer might have gone insane.Gbadegesin said the suspect also shot himself but did not die immediately."A constable in Nangere went berserk this morning, grabbed a rifle and shot two [...]

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    Police recover ammunition from insurgents’ vehicle

Police recover ammunition from insurgents’ vehicle

The Yobe state police command has recovered four bombs, two improvised explosive devices (IEDs), six mortar bombs, a machine gun and two Ak47 rifles inside a damaged Toyota Highlander, belonging to suspected insurgents.Markus Danladi, the commissioner of police in Yobe, disclosed this on Wednesday while displaying the ammunition to reporters in Damaturu, capital of the state.He said the bombs and [...]

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    Twin bomb blasts kill nine in Yobe

Twin bomb blasts kill nine in Yobe

The Yobe state police command has confirmed the death of nine persons in twin bomb explosions which rocked Potiskum, the commercial nerve centre of the state.Toyin Gbadegeshin, public relations officer of the Yobe state police command, confirmed the explosions to NAN in Potiskum on Monday.Gbadegeshin said one of the bombers targeted the vigilante office, killing seven persons, while two others died [...]

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    7,000 APC members defect to PDP in Yobe

7,000 APC members defect to PDP in Yobe

Ibrahim Gero, a chieftain of the All Progressives Congress (APC) and 7, 000 members of the party in Yobe have defected to the Peoples Democratic Party (PDP).Speaking on behalf of the defectors at a rally in Karasuwa, a town in the state, on Monday, Gero said he and his colleagues left APC out of the desire for better leadership.Gero, who [...]

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Exchange Rates

March 21, 2017USDGBPEUR
INTERBANK314.75392.17340.21
LAGOS445530465
KANO445530470
PH447535472
ABUJA445530465
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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