Saturday, March 25, 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)
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    Chinese nationals imprisoned for ‘importing fake tyres’

Chinese nationals imprisoned for ‘importing fake tyres’

A federal high court in Lagos on Monday ordered the remand in prison of two Chinese, Tao Shen and Jing Yau, charged with importation of fake tyres.Shen, 36, and Yau, 22, are charged alongside a Nigerian, Chinedu Madubuike, and two companies, Sino Nig. Import and Export Ltd, and Nedeca International Ltd for importing fake tyres into the country.The accused are [...]

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    Customs CG: Senator wants non-career persons barred from heading agencies

Customs CG: Senator wants non-career persons barred from heading agencies

Sabi Abdullahi, a member of the national assembly, says he will move for a law that will make only career civil servants head government agencies and parastatals.Abdullahi, who is the spokesman of the senate, said this in reaction to the refusal of Hameed Ali, comptroller-general of the Nigeria Customs Service, to wear the service’s uniform.The upper legislative chamber had asked [...]

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    I won’t seek elective office at convention, says Sheriff

I won’t seek elective office at convention, says Sheriff

Ali Modu Sheriff, national chairman of the Peoples Democratic Party (PDP), says he will not contest any election at the convention of the party.In a report, Seriake Dickson, governor of Bayelsa state and chairman of the reconciliation committee of the PDP, had recommended that a national convention be held as part of efforts to restore peace to the party.Speaking with [...]

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    Seven differences between public, private universities in Nigeria

Seven differences between public, private universities in Nigeria

Owing to the rot in Nigeria’s education sector, many private universities have been established with the aim of giving students a better deal than public institutions of higher learning.Here are instances of the differences between private and public universities. [...]

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    Return to God urgently, Adeboye urges Nigerians

Return to God urgently, Adeboye urges Nigerians

The general overseer of the Redeemed Christian Church of God, Enoch Adeboye, has urged Nigerians to urgently return to God, so that the country would overcome its challenges.Adeboye said this while delivering a sermon at a special service at the Tafawa Balewa Square, Onikan, Lagos, with the theme “The Turning Point".The RCCG general overseer said that there was hope for [...]

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    Dickson: Makarfi no longer has legal backing to lead PDP… that’s the reality

Dickson: Makarfi no longer has legal backing to lead PDP… that’s the reality

Seriake Dickson, governor of Bayelsa state, has said Ahmed Makarfi does not have the legal backing to serve as chairman of the Peoples Democratic Party (PDP).He said the chairman, caretaker committee of the PDP, "was stripped" of his authority the day a Port Harcourt appeal court declared Ali Modu Sheriff the authentic chairman of the party.According to the News Agency of Nigeria, Dickson [...]

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    Pay us off before railway concession, union tells FG

Pay us off before railway concession, union tells FG

The senior staff association of railway workers, northern district, has said the federal government must "pay off" workers before it concessions facilities of the Nigerian Railway Corporation (NRC).Speaking with the News Agency of Nigeria (NAN) on Saturday, Huseini Abdul, chairman of the association, said the workers were not against the concession but their welfare must be considered.He said the fate [...]

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    EFCC trying to cook up allegations against me, says Melaye

EFCC trying to cook up allegations against me, says Melaye

Dino Melaye, senator representing Kogi west, has alleged that the Economic And Financial Crimes Commission (EFCC) is plotting against him.Writing on his official Twitter page on Saturday, Melaye said he had credible information that the anti-graft agency was gathering dirt on him.He said that the commission had already started carrying out forensic investigations on his bank accounts.I have credible information [...]

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    Ex-senator: It’s all lies… Atiku, Ganduje not plotting formation of new party

Ex-senator: It’s all lies… Atiku, Ganduje not plotting formation of new party

Rufai Hanga, a former senator and prominent member of the All Progressives Congress (APC), has dismissed the allegation of Rabiu Kwankwaso, former governor of Kano state, that former Vice-President Atiku Abubakar and Abdullahi Ganduje were plotting to float a new party.Kwankwaso made the allegation in a statement issued on his behalf by Suleiman Bichi, former secretary to the government of [...]

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    FG to set up committee to negotiate new minimum wage with labour unions

FG to set up committee to negotiate new minimum wage with labour unions

President Muhammadu Buhari is set to give the go-ahead for a 29-man committee and organised labour to negotiate a new national minimum wage for workers, minister of labour and employment, Chris Ngige, has said.Ngige said a meeting was held on Tuesday between the government and labour unions to finalise the report of an earlier constituted technical committee.The minister made [...]

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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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