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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    Traffic agents, road union workers exchange gunshots in Kano

Traffic agents, road union workers exchange gunshots in Kano

Sporadic gunshots rent the air in Zaria, Kano state, on Wednesday morning as staff of the state road traffic agency clashed with road union workers.The gunfire exchange, which lasted more than 20 minutes, started when the road traffic agency, popularly known as KAROTA, attempted to bar the road union workers from loading passengers from Zaria road roundabout.Witnesses said the road union workers [...]

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    4 killed, houses burnt in A’Ibom, Cross River boundary crisis

4 killed, houses burnt in A’Ibom, Cross River boundary crisis

Four persons were feared dead and scores of persons injured in the renewed boundary crisis between Oku Iboku community in Akwa Ibom and Ikot Offiong in Cross River states.Bassey Essien Bassey, a former vice-chairman of Itu local government area, confirmed the incident to NAN.Bassey said several persons sustained injuries, while over 20 houses were burnt, including a filling station.He said [...]

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    Lai: Accidental bombing not a true reflection of professionalism in the air force

Lai: Accidental bombing not a true reflection of professionalism in the air force

Lai Mohammed, minister of information and culture, says the accidental bombing of a civilian community in Borno state is not a true reflection of the level of professionalism in the Nigeria air force.An air force jet had bombed an internally displaced persons camp at Rann, Borno state, killing at least 52 people (including humanitarian workers).President Muhammadu Buhari had expressed regret [...]

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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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    Garri N10k, rice N17k, kerosene N450… Nigerians groan as cost of living soars

Garri N10k, rice N17k, kerosene N450… Nigerians groan as cost of living soars

“If not for her, I would have left this country,” Moses Chukwudi, a foodstuff trader at Mile 12 Market, Lagos, says of his new marital status as he discusses the economic downturn in Nigeria.Chukwudi got married in November 2016 and planned to lavish his income – made from selling rice, beans, garri, palm oil, vegetable oil – on his bride, [...]

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    Despite FG’s peace moves, militants ‘blow up’ pipeline in Delta

Despite FG’s peace moves, militants ‘blow up’ pipeline in Delta

A militant group has blown up a crude oil trunkline in Ughelli, Delta state, a day after Yemi Osinbajo, vice-president, paid a visit to the Niger Delta region.Punch reports that the attack was carried out by an "unidentified militant group".No militant group has claimed responsibility for this latest attack on an oil installation.Osinbajo had on Monday led a federal government delegation [...]

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    These are Boko Haram’s dying days, APC says after UNIMAID bomb blast

These are Boko Haram’s dying days, APC says after UNIMAID bomb blast

The All Progressives Congress (APC) says the days of Boko Haram are numbered despite its recent attack on the University of Maiduguri.On Monday, suspected Boko Haram suicide bombers attacked a mosque in the university, killing five and injuring 17.In a statement on Tuesday, Bolaji Abdullahi, spokesman of the party, said the attack on the university was a desperate attempt to remain in [...]

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    Buhari in ‘deep sadness and regret’ over accidental bombing of civilians in Borno

Buhari in ‘deep sadness and regret’ over accidental bombing of civilians in Borno

President Muhammadu Buhari has described the accidental bombing of humanitarian workers and civilians in Borno state as "a regrettable operational mistake".He expressed regret at the tragedy, saying the federal government would lend a hand to the Borno state government in attending to it.Lucky Irabor, theatre commander of Operation Lafiya Dole, had disclosed the incident to journalists in Borno state on [...]

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    Adeosun says black market will soon collapse. Really?

Adeosun says black market will soon collapse. Really?

Well-meaning Nigerians have advised government to deal with the prevailing multiple foreign exchange rates.The reason is not far-fetched: multiple exchange rates encourage ‘round tripping’ and discourage real production. A manufacturer who gets a dollar at N315 and knows he could sell it at N497 down the street might be tempted to leave real production and become a currency dealer.In [...]

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    Camp Zairo is like Boko Haram’s Aso Rock, says Lai

Camp Zairo is like Boko Haram’s Aso Rock, says Lai

Lai Mohammed, minister of information and culture, says Camp Zairo is to Boko Haram what Aso Rock means to Nigeria.Mohammed said this at the Air Force Base in Yola, Adamawa state capital, during a briefing to conclude a day and night rounds of search of the missing girls in Sambisa.Mansur Dan-Alli, minister of defence; Obiageli Ezekwesili, convener of the Bring [...]

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Exchange Rates

January 18, 2017USDGBPEUR
INTERBANK315.06387.93336.61
LAGOS495600510
KANO495600508
PH500600510
ABUJA493600510
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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