Wednesday, January 18, 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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    Gambia’s national assembly extends Jammeh’s tenure by 3 months

Gambia’s national assembly extends Jammeh’s tenure by 3 months

The national assembly of Gambia has passed a resolution to allow President Yahya Jammeh to stay in office for three months from Wednesday.After losing the December election, Jammeh ought to hand over power to opposition leader Adama Barrow on Thursday.He had initially accepted the result of the election, and congratulated his opponent, but the soldier turned politician made a dramatic [...]

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    Putin: Trump, hire prostitutes? He has seen the world’s most beautiful girls

Putin: Trump, hire prostitutes? He has seen the world’s most beautiful girls

Russian President Vladimir Putin has described as “fake” a report that Russian authorities have compromising information about President-elect Donald Trump with prostitutes on a visit to Moscow.Taunting those behind the report of being “worse than prostitutes”, Putin expressed doubt that Trump would hire prostitutes while in Moscow as an organiser of a beauty contest who “associated with the world’s most [...]

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    Jammeh declares 90-day emergency in Gambia

Jammeh declares 90-day emergency in Gambia

President Yahya Jammeh of Gambia has declared a 90-day state of emergency in his country.The development comes 24 hours to the end of his tenure.The terms of the curfew and its implications have not been made known, but there are possibilities that it could affect the swearing on of Adama Barrow, winner of the December presidential election.Barrow is currently in [...]

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    Gambia’s foreign minister abandons Jammeh

Gambia’s foreign minister abandons Jammeh

Neneh MacDouall-Gaye, foreign minister of The Gambia, has quit the cabinet of President Yahya Jammeh.MacDouall-Gaye sent in her resignation through a letter, giving rise to the belief that she fled the country before hinting Jammeh of her decision.Sheriff Bojang, Gambia’s information minister, who resigned last week, also left Gambia before disclosing his action.Jammeh is becoming more unpopular as a result [...]

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    Dog kills 8-year-old son of Barrow, president-elect of Gambia

Dog kills 8-year-old son of Barrow, president-elect of Gambia

Habibou Barrow, son of Gambia’s president-elect, has died after being bitten by a dog.According to Freedom Newspaper, a Gambian online publication, the dog attacked the younger Barrow in Manjie-Kunda, near Banjul, capital of the country.The newspaper quoted a source as confirming the report.“I can confirm to you that resident-elect Barrow’s son has been killed by a dog at Manjie,” the [...]

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    Jammeh ‘files’ suit to stop Barrow’s inauguration

Jammeh ‘files’ suit to stop Barrow’s inauguration

President Yahya Jammeh of The Gambia says he has filed an injunction to prevent Adama Barrow from taking office on Thursday.Jammeh said the January 19 date for his mandate to come to an end is not “carved in stone”.He wants the supreme court to hear his suit against the election commission before he considers leaving office.Jammeh has called President Ellen [...]

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    Barrow ‘won’t return’ to Gambia until end of Jammeh’s tenure

Barrow ‘won’t return’ to Gambia until end of Jammeh’s tenure

Gambia's president-elect Adama Barrow is to remain in Senegal until Thursday when the tenure of President Yahya Jammeh will be officially over.Quoting APS, a Senegalese media outfit, the BBC said the move was requested by ECOWAS leaders after the security summit in Mali.At the summit, Barrow was referred to as president.He left Banjul, capital of Gambia, after ECOWAS leaders, who [...]

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    ECOWAS will take all necessary actions in Gambia, says UN envoy

ECOWAS will take all necessary actions in Gambia, says UN envoy

UN office for West Africa and the Sahel (UNOWAS) says ECOWAS has decided to take all necessary actions to enforce the results of the December 1, 2016 presidential election in the Gambia.Mohamed Chambas, head of UNOWAS, disclosed this while briefing the UN security council on the political and security situation in the region.Chambas is also the special representative of the [...]

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    France can help Africa more, says Buhari

France can help Africa more, says Buhari

President Muhammadu Buhari says the partnership between the African continent and France has yielded fruits in so many positive ways but that France can do more to help Africa overcome its challenges.Speaking at the 27th Africa-France Summit for partnership, peace and emergence taking place in Bamako, Mali, Buhari lauded France for playing an “important role in Africa”.“Notably, France has been [...]

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    Buhari, Barrow head to Mali after failing to convince Jammeh

Buhari, Barrow head to Mali after failing to convince Jammeh

The delegation led by President Muhammadu Buhari flew out of Banjul, capital of Gambia, late Friday after being unable to reach any deal with President Yahaya Jammeh.Geoffrey Onyeama, minister of foreign affairs, disclosed this to reporters at the end of the meeting with Jammeh.The soldier-turned politician has refused to hand over power despite losing the December election.“The ECOWAS team has [...]

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Exchange Rates

January 17, 2017USDGBPEUR
INTERBANK315.09383.62337.46
LAGOS499600505
KANO495600505
PH500600510
ABUJA499600505
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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