Friday, March 24, 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)

Your Say

    Fayose: The thick and thin of a maverick actor

Fayose: The thick and thin of a maverick actor

BY  ADEWALE ADEOYE Like an epic battle between a lion and a tiger, Nigerians are anxious for the 2018 elections in Ekiti, a small but significant ancestral state. Since 2003, Ekiti has seen a star actor on the national stage. Sitting like an incubus is Ayo Fayose, 49. His opponent know this: elections with Fayose is like the fight between a [...]

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    Energy from waste: A solution in the waiting

Energy from waste: A solution in the waiting

In the last three weeks, I have attended five workshops and stakeholder events around power generation in Nigeria. Unfortunately, none have discussed the potential for energy recovery from waste in Nigeria.My article titled ‘Poor Waste Management as Nigeria’s Bane to Achieving Sustainable Development Goals (SDGs)’ published last year highlighted how poor waste management could impede Nigeria’s achievement of goals 3, [...]

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    What no one will tell you about living abroad

What no one will tell you about living abroad

BY SAMUEL OSHOThe present struggles that characterize the travails of Africa tend to obfuscate the perception of its inhabitants and they build castles in the air about realities that are possible on foreign soils.In a recent chat with one of my friends, he joked about the current state of economic recession in Nigeria. He said that it will take only [...]

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    Towards 2019 elections: Beyond the usual suspects

Towards 2019 elections: Beyond the usual suspects

 BY OSASU IGBINEDIONIt can be argued that not enough people were interviewed, therefore The Osasu Show went back to the streets to gather more reactions from a broader base. But perhaps the most integral part of Mr. Chido’s reaction was his analysis of our electoral system. He explained, “Aunty you see when elections come dey go give us money, five thousand Naira, [...]

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    Xenophobia: Why we shouldn’t pay South Africans back in their coin

Xenophobia: Why we shouldn’t pay South Africans back in their coin

BY INNOCENT ADULUGBA "Africa for the Africans!" This is the slogan on the airwaves right from my toddlerhood in the ‘80’s. This is the old catchy phrase breaking down “colonial frontiers” and uniting Africans in an unbroken chord of brotherhood especially on the pedestal of political independence.However, nowadays, my observation is this; Africans living in other countries other than their countries [...]

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    Biafra agitations: A united Nigeria, pride of the black race

Biafra agitations: A united Nigeria, pride of the black race

BY FEMI ADEBOWALE AKINWUMIAgitations for the state of Biafra did not stop completely despite the ‘no victor, no vanquished’ settlement of the ill-fought thirty-month Nigerian civil war. Of late, the demand for a Biafran state (which the late literary icon, Chinua Achebe referred to as 'a country that was not to be' in his popular book 'There Was a Country') [...]

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    SOS to the president on the maladministration in Kogi state

SOS to the president on the maladministration in Kogi state

Mr President Sir,SAVE OUR SOUL: A CRY OF AGONY FROM THE ARMY OF VICTIMS OF MALADMINISTRATION IN KOGI STATE TO YOUR EXCELLENCY Greetings and best wishes from the army of the oppressed, exploited and victimized citizens of Kogi State. We wish to sincerely thank Almighty Allah (SWT) for the speedy recovery He granted you and at the same time pray that [...]

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    Let the BRACED meetings begin

Let the BRACED meetings begin

BOB MAJIRIOGHENE ETEMIKUExcellent news frittering in from the partisan side of town suggests that the BRACED Commission may soon be resuscitated. I read a Vanguard report on March 7, 2017, Finally, South-South governors bow to pressure, resume meeting soon that the governors of Bayelsa, Rivers, Akwa-Ibom, Cross-Rivers Edo and Delta states are planning to sink their partisan differences for the [...]

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    The expanding apartheid in Nigeria

The expanding apartheid in Nigeria

BY PERRY BRIMAHLet's face it, Nigeria is an apartheid state. Apartheid, from the word "apartness" was the name given by the South African National Party in 1948 when it formalized a system of racial segregation by opportunities and endowments.In Nigeria today, while race is not the separator, every aspect of apartheid has been enshrined, with class being the permanent delineator. [...]

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    ‘4th place is not a trophy’

‘4th place is not a trophy’

By Baba Grumpy I was given an extraordinarily personal kick in the stomach early Saturdaymorning. Six hours later a follow up kick in the teeth was delivered by Tony Pulis and his West Brom Team. Arsenal lost and for the first time this season, I believe my team’s chance of a Top 4 place is in the balance.This season promised so much [...]

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    President Buhari’s return and the future of Nigeria’s economy

President Buhari’s return and the future of Nigeria’s economy

BY SAMUEL OSHO The "unexpected" arrival of President Muhammadu Buhari, dubbed "Baba Go Slow" may stop Nigerians from savouring the delightful taste of minute proceeds emanating from the transitory moment of governance chaired by a "decisive" acting president.During the medical leave of President Buhari which lasted for 51 days, Vice-President Yemi Osinbajo did not only celebrate his sixtieth birthday but also [...]

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    Beyond the statistics: On Kano categories of women

Beyond the statistics: On Kano categories of women

BY BB ZAKARI The medical profession is one I truly admire, and it is not because I have so many medical doctors in my life, but because of how their job provides them with so many opportunities to make a very direct and obvious impact on the society. An opportunity to change many lives every single day. Every doctor knows when [...]

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    My BBC Media Action story

My BBC Media Action story

By Linda Nwoke When I was relieved of my appointment as Country Director of BBC Media Action on May 29, 2014, I was not inclined to contest the company’s decision, even though I did not believe that it was the most appropriate decision given the circumstance. However, in the three years that has passed since that decision was taken, it has [...]

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    What is wrong with Nigeria Millennials?

What is wrong with Nigeria Millennials?

By Anjuwon Oluwole The level of hatred in the land among our millennials is horrible. One won't imagine that at least 80% of us went to Churches and Mosques during the weekend to serve the Supreme Being, God.Foreigners going through the comment sections of our major news sites on Facebook would wonder what type of being are we.Our Social Media comment [...]

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    Adinoyi Ojo Onukaba: A tragic exit

Adinoyi Ojo Onukaba: A tragic exit

BY INNOCENT WANIKO On Monday 6th March 2017 at about 10am, I received a call from an older associate asking if I had received the news about Onukaba.  I asked ‘what is the news’? My mouth was turning dry at this point. From the sound of my caller’s voice, it was predictable the news he was going to relay was no good [...]

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    How SMEs can attract new customers despite recession

How SMEs can attract new customers despite recession

BY DAMILOLA OYEBAYOThe purpose of every business is to create value for the stakeholders; the primary stakeholders include investors, employees and customers, in broad terms, every enterprise must seek to make profit, pay the wages of its workers, retain old and attract new customers.The negative impact of the current economic downturn in Nigeria is not only felt by individuals [...]

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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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