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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    Trump preaches ‘buy America’ – but his hats were made in China

Trump preaches ‘buy America’ – but his hats were made in China

One of the biggest cheers President Donald Trump received from supporters watching his inaugural address on Friday was his call to “buy American and hire American.”It was a moment rich in irony.Many of those supporters were sporting Trump’s trademark red ‘Make America Great Again’ baseball caps that were made in China, Vietnam and Bangladesh.Some were horrified when they discovered their [...]

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    Son of Nigerian diplomat jailed for killing sex worker in UK

Son of Nigerian diplomat jailed for killing sex worker in UK

Bala Chinda, a 26-year-old student of Robert Gordon University in the UK, has been handed a life sentence over the death of Jessica Nkechi McGraa, a Nigerian sex worker in Aberdeen.A son of an official at the Nigerian embassy in Beijing, capital of China, Chinda arrived Aberdeen a few weeks before the tragic incident.He denied the allegation of killing the [...]

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    Troops kill insurgents ‘responsible’ for bombing of IDP camp

Troops kill insurgents ‘responsible’ for bombing of IDP camp

Tukur Buratai, chief of army staff, says troops have killed 15 Boko Haram fighters, who were part of insurgents responsible for the mistaken deployment of rockets on an internally displaced persons’ (IDP) camp in Rann, Borno state.Speaking when he paid a visit to troops of 3 Battalion, Buratai said two days after the accident, Boko Haram fighters returned to Rann [...]

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    Jammeh breaks silence, says the love for Gambia made him step down

Jammeh breaks silence, says the love for Gambia made him step down

In his first address to the nation since continental leaders made practical move to forcefully eject him, Yahya Jammeh said his decision to quit was not dictated.Making the announcement on state TV after talks with the presidents of Guinea and Mauritania, Jammeh said he believed that it was not necessary to have a "single drop bloodshed".Ending his speech in a [...]

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    INTERVIEW: We’d rather spend on parties than education in Nigeria, says Oxford-bound Prof Adebanwi

INTERVIEW: We’d rather spend on parties than education in Nigeria, says Oxford-bound Prof Adebanwi

Wale Adebanwi, 47, is the first black African scholar to be appointed to the prestigious Rhodes Professorship in Race Relations in the School of Interdisciplinary Area Studies at the University of Oxford, UK, since it was created more than 60 years ago. Adebanwi, currently a professor at the University of California-Davis, US, will also be a Fellow of St Anthony’s [...]

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    Okonjo-Iweala: Trump will let Africa shape its own destiny

Okonjo-Iweala: Trump will let Africa shape its own destiny

Ngozi Okonjo-Iweala, two-time minister of finance in Nigeria, says Donald Trump will give Africa the chance to shape its own destiny.Speaking in an interview with BBC on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland, Okonjo-Iweala said Africa may not be priority for the Trump presidency, but there is no need to despair."There are two schools of [...]

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    Drama as Jonathan visits Obasanjo’s village

Drama as Jonathan visits Obasanjo’s village

There was mild drama in the Ibogun hometown of former President Olusegun Obasanjo in Ogun state, on Friday, when ex-President Goodluck Jonathan came visiting.The immediate past president arrived Ibogun to a warm reception by members of the community. The people sang, danced, and lined up the streets to welcome the august visitor.Accompanied by Olagunsonye Oyinlola, former governor of Osun state, [...]

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    Jammeh ‘agrees’ to step down

Jammeh ‘agrees’ to step down

Yahya Jammeh has agreed to step down as president of The Gambia, according to reports.Nicholas Germain, a France 24 journalist, quoted sources as saying Jammeh is currently writing a statement where he accepts to cede power.Guinean officials tell @FRANCE24 that Jammeh currently writing statement where he accepts to leave, in the presence of Guinean officials — nicolas germain (@nicolasF24) January 20, [...]

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    Vodka brewer, author of 50 books, German immigrant… this is the real Donald Trump

Vodka brewer, author of 50 books, German immigrant… this is the real Donald Trump

Business mogul, Donald Trump, has been sworn in as the 45th president of the United States of America. How much do you know about the Republican who upset Hillary Clinton in the presidential election? TheCable lets you into Trump's world.Never held any government office. Trump has become the first candidate to be elected US president with no previous political experience. [...]

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    Trump defies all odds to become America’s  oldest president

Trump defies all odds to become America’s oldest president

Donald Trump is the president of US and leader of the free world!Back in November, the Republic Party presidential candidate trumped Hillary Clinton of the Democratic Party to be the president of the world's most powerful  nation.Trump is the first person in US history to be elected president without political experience as a governor, senator or military man in 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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