Saturday, January 21, 2017
MARKET UPDATE
JANUARY 18, 2017 NIGERIA STOCK EXCHANGE (Market Closed) SUMMARY: All Share Index 26,201.60 Deals 3,317.00 Volume 196,469,524.00 Value 2,611,434,698.45Market Cap 9,015,351,243,077.29TOP GAINERS TOTAL 294.97 (9.52) MOBIL 264 (3.5) ETI 10.1 (0.41) GUINNESS 64.05 (0.4) DANGSUGAR 6.35 (0.27) TOP LOSERS NESTLE 752 (-3) FO 67 (-2) DANGCEM 167 (-1) NB 142 (-0.6) INTBREW 17.5 (-0.48) CBN EXCHANGE RATE(NGN)Buying:$USD 304.5 £GBP 375.3267 EURO 324.6884 SWISS FRANC 302.6237 YEN 2.6543 Selling:$USD 305.5 £GBP 376.5593 EURO 325.7547 SWISS FRANC 303.6176 YEN 2.663 CNBC COMMODITY PRICES (USD)Crude Oil (Bonny light) 55.6 Natural Gas 3.375 (0.073) Gold 1200.50 (-11.60) Silver 16.97 (-0.304) Copper 2.607 (-0.0095) Wheat 425.00 (-6.00) Coffee 150.45 (1.25) Cotton 72.70 (0.44) Cocoa 2150.00 (-83.00)
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    Boko Haram’s market discovered, 13 insurgents killed

Boko Haram’s market discovered, 13 insurgents killed

The Nigerian Army on Sunday said a night market belonging to Boko Haram members was discovered, while 13 insurgents were killed.Sani Usman, director of army public relations, disclosed this in a statement issued on Sunday.He added that some captives were rescued, and that some fighting equipment were seized.“The army troop also rescued 58 persons comprising 35 women and 23 children [...]

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    NASU, SSANU begin warning strike Monday

NASU, SSANU begin warning strike Monday

The Non-Academic Staff Unions of Universities (NASU) says from Monday it will embark on a five-day warning strike over the inability of the federal government to implement the 2009 agreements.The joint action committee (JAC) comprising of Senior Staff Association of Nigerian Universities (SSANU) and the National Association of Academic Technologists will also down tools.The notification of the strike was conveyed [...]

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    Abdulsalami: Everyone is aggrieved in southern Kaduna crisis

Abdulsalami: Everyone is aggrieved in southern Kaduna crisis

Abdulsalami Abubakar, former head of state, says a solution must be found to the crisis in the southern part of Kaduna state, maintaining that "everyone is aggrieved one way or the other".Speaking on Friday when he led a delegation of the National Peace Committee to the state, the elder statesman emphasised the need for peace.The delegation held a closed door [...]

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    Kukah: I’ve never been as unsure about the future of this country

Kukah: I’ve never been as unsure about the future of this country

Matthew Kukah, Catholic Bishop of Sokoto diocese, says though he is an optimist, he has never "been as unsure about the future of this country as I am now."Speaking on Thursday at the launch of a book, 'Religion and the making of Nigeria', Kukah said Nigeria may not be able to stop killings because it has not been able to [...]

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    Sowore, Fatodu suspend hot exchanges after intervention of lawyers

Sowore, Fatodu suspend hot exchanges after intervention of lawyers

The disagreement between Omoyele Sowore, publisher of Sahara Reporters, and Lekan Fatodu, a UK-based journalist, is about to be resolved, following the intervention of some legal practitioners.Both men were involved in a brawl in Ikeja, capital of Lagos state, on Wednesday.The police had to intervene, and they were taken to the office of the commissioner of police in the state, [...]

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    Reps urge Buhari to offer asylum to Jammeh

Reps urge Buhari to offer asylum to Jammeh

The house of representatives wants President Muhammadu Buhari to offer President Yahya Jammeh asylum as a way of ending the political instability in Gambia.After the election of December 1, Jammeh congratulated Barrow but later turned around to say that he would not hand over power.Buhari has since stepped in as an ECOWAS mediator, leading other West African leaders to persuade [...]

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    PREMIUM TIMES to army: We’ll hold you responsible if any harm befalls our staff

PREMIUM TIMES to army: We’ll hold you responsible if any harm befalls our staff

PREMIUM TIMES says it will hold the Nigerian army responsible should anything happen to its staff.It also has asked the army to tender an apology over an alleged threat issued against the organisation.These were in response to a letter by the Nigerian army threatening legal action against the newspaper for publications about the army and Tukur Buratai, its chief.The letter claimed the [...]

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    Five Nigerian universities qualify for semi-final of $1m Hult prize

Five Nigerian universities qualify for semi-final of $1m Hult prize

Ten teams from 5 Nigerian universities have reached the semi-final stage of the Hult prize competition.The competition, which is organized in partnership with the Clinton Global Initiative and the Hult International Business School, started in 2016. [...]

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    Army ‘recovers’ camouflage of Shekau’s security guards

Army ‘recovers’ camouflage of Shekau’s security guards

The Nigerian Army says it recovered more items of suspected Boko Haram insurgents during a mop-up operation around Camp Zairo in Sambisa forest.Lucky Irabor, theater commander of Operation Lafiya Dole, said this while briefing reporters in Maiduguri, Borno state capital.Irabor said the items included a pair of black uniform with camouflage design often used by security guards of Abubakar Shekau [...]

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    Metuh tells court to allow Dasuki testify in his trial

Metuh tells court to allow Dasuki testify in his trial

Olisa Metuh, a former national publicity secretary of the Peoples Democratic Party (PDP), has asked the federal high court, Abuja, to subpoena Sambo Dasuki, ex-national security adviser (NSA), to testify in his trial.At the resumed hearing on Wednesday, Emeka Etiaba, counsel to Metuh, reminded  Okon Abang, the judge, of a pending subpoena before the court to invite Dasuki as the [...]

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Exchange Rates

January 20, 2017USDGBPEUR
INTERBANK315.10387.23335.17
LAGOS498600510
KANO497600508
PH500600510
ABUJA499600510
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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