Sunday, March 26, 2017
MARKET UPDATE
MARCH 26, 2017NIGERIA STOCK EXCHANGE (Market Closed) SUMMARY: All Share Index 25,454.93 Deals 2,613.00 Volume 346,026,965.00 Value 2,330,411,203.09Market Cap 8,807,020,789,838.09TOP GAINERS ACCESS 6.1 (0.17) ETERNA 3.23 (0.08) TRANSCORP 0.74 (0.02) FCMB 1.25 (0.02) LIVESTOCK 0.71 (0.02) TOP LOSERS 7UP 76.01 (-3.99) MOBIL 297.25 (-0.75) FO 45 (-0.59) ETI 9.18 (-0.31) GUARANTY 26.5 (-0.3) CBN EXCHANGE RATE(NGN)Buying:$USD 306 GBP 382.041 EURO 330.5718 SWISS FRANC 308.3434 YEN 2.755 Selling:$USD 307 £GBP 383.2895 EURO 331.6521 SWISS FRANC 309.3511 YEN 2.764 CNBC COMMODITY PRICES (USD)Crude Oil (Bonny light) 49.58 Natural Gas 3.048 (0.037) Gold 1245.10 (-4.60) Silver 17.60 (0.022) Copper 2.652 (0.0215) Wheat 420.75 (-1.50) Coffee 140.35 (-1.35) Cotton 77.34 (0.00) Cocoa 2174.00 (9.00)
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    PROFILE: Peterside, the CEO who — at 33 — grew a $billion business from a tiny office

PROFILE: Peterside, the CEO who — at 33 — grew a $billion business from a tiny office

Men have lived, some are living, and many more will live; many will be forgotten while in power, few will be remembered even out of the corridors of influence. Atedo Nari Atowari Peterside is one of those men who have been known in power, and can never be forgotten.In Nigeria or any other country on the continent, you will hardly [...]

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    THE INSIDER: Who is after Hadiza Bala Usman?

THE INSIDER: Who is after Hadiza Bala Usman?

The ripples produced by Nasir el-Rufai's leaked letter to President Muhammadu Buhari will not stop bubbling anytime soon. How many people will be thrown into the mix as time goes by? That is the issue of the moment.Hadiza Bala Usman, the managing director of Nigerian Ports Authority (NPA), may be the first person.On Wednesday, the social media went into a [...]

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    Car dealer claims Saraki not involved in seized SUV deal

Car dealer claims Saraki not involved in seized SUV deal

Tokunboh Akindele, a car dealer whom the senate contracted to supply the seized Range Rover sport utility vehicle (SUV) , claims Senate President Bukola Saraki was not involved in the transaction.He also said he did not know the customs documents issued to him were forged.Akindele said this in an affidavit he swore to at the Lagos high court registry on [...]

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    EXCLUSIVE: Documents show Obasanjo was involved in Malabu deal

EXCLUSIVE: Documents show Obasanjo was involved in Malabu deal

Documents seen by TheCable show the involvement of  former President Olusegun Obasanjo in the controversial OPL 245 oil block deal.In the deal finally consummated in 2011, only $210 million of the $1.3 billion paid by Shell and Eni for the block went into federal government coffers as "signature bonus".The rest was paid to Malabu Oil and Gas, mainly owned by Dan [...]

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    FACT CHECK: Did Saraki mislead Germans on Nigeria’s power sector law?

FACT CHECK: Did Saraki mislead Germans on Nigeria’s power sector law?

Senate President Bukola Saraki, Nigeria's chief lawmaker, seems to be making a farce of the law enacted by the national assembly, checks by TheCable have revealed.Saraki, who has been increasingly critical of the privatisation of the Nigerian power sector, recently visited Germany, one of the best performing countries in terms of sustainable energy, where he misrepresented Nigeria's laws."As part of my [...]

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    OBITUARY: Ogbemudia, the governor who spent only three nights in govt house

OBITUARY: Ogbemudia, the governor who spent only three nights in govt house

His mother had many children but she lost quite a number of them, so when he was born, he was named Ogbemudia, which means "this one has come to stay".When he wanted to join the army, his mother wept all night long up until the moment she bade him farewell. She didn't want the child who had "stayed" till adulthood [...]

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    OBITUARY: Adebayo, the man who joined the army long before Obasanjo but got sacked by Jonathan

OBITUARY: Adebayo, the man who joined the army long before Obasanjo but got sacked by Jonathan

We would find them in dreams, we would cast them in the castles of our imaginations, their prints will forever be in our memories. Victor or villain, men like Robert Adeyinka Adebayo, may never walk our streets again!Made from the finest brewery of men, washed  in the purest rivers of character, Adebayo is proof that the bravest and weakest of [...]

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    Lectured at 23, borrowed to pay school fees… 7 things you didn’t know about Osinbajo

Lectured at 23, borrowed to pay school fees… 7 things you didn’t know about Osinbajo

You know him as Acting President Yemi Osinbajo, but his parents know him as Oluyemi Oluleke.Today he is 60 years old, and no longer the son of a single family but a father to the millions of households in Africa's largest country.It is his diamond jubilee, and like diamonds, Osinbajo has had his fair share of the heat of life, [...]

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    OBITUARY: Onukaba, journalist and scholar who spoke about his death place 48 hours before he was killed

OBITUARY: Onukaba, journalist and scholar who spoke about his death place 48 hours before he was killed

There is a dying breed of literary gems, and Nigeria just lost one more. This particular stone in our pool of history is rare, and possibly the kind you discover once in a generation; made of literary brilliance, sheer hardwork, and unbridled love for an ailing society -- he was Adinoyi Ojo Onukaba.From his days at the University of Ibadan, [...]

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    EXCLUSIVE: How NLNG resisted pressure to release $2.1bn ‘for 2015 elections’

EXCLUSIVE: How NLNG resisted pressure to release $2.1bn ‘for 2015 elections’

Some “very senior officials” of the  Goodluck Jonathan administration mounted intense pressure on the Nigeria Liquefied Natural Gas (NLNG) Limited to pay dividends and its 2014 company income tax and to government coffers just before the 2015 general election, TheCable has learnt.But the then managing director of NLNG, Babs Omotowa, vehemently resisted the pressure and still believes he would have been [...]

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Exchange Rates

March 24, 2017USDGBPEUR
INTERBANK307.88385.25331.83
LAGOS385500430
KANO395505425
PH390500430
ABUJA385496430
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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