Tuesday, March 21, 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)
Advertisement

I'll deal with you like Boko Haram, Buhari tells vandals

Buhari to vandals: I’ll deal with you like B’Haram
April 13
17:29 2016
Advertisement

President Muhammadu Buhari has warned vandals and saboteurs blowing up oil and gas installations in Nigeria to desist immediately or face the same drastic action being taken against Boko Haram by the armed forces.

Speaking in Beijing on Wednesday at a meeting with members of the Nigerian Community in China, Buhari reaffirmed his total commitment to winning the war against corruption, saying that corruption is an arch-enemy of the nation that has destroyed the lives of many Nigerians.

“I ask for your support to make our vision of stamping out corruption a reality in the shortest possible time. Whoever is caught will not be spared,” Femi Adesina, Buhari’s spokesman, quoted the president as saying.

“The government is still being dared, but those who are sensible should have learnt a lesson. Those who are mad, let them continue in their madness.

“I am aware that in the last two weeks, the national grid collapsed a number of times. I hope this message will reach the vandals and saboteurs who are blowing up pipelines and installations. We will deal with them the way we dealt with Boko Haram.”

He assured the Nigerian community that the federal government was working very hard to overcome current national challenges and deliver on its promise of a better Nigeria.

“Clearly, our vision of a diversified and inclusive economy will not be achieved overnight. It will be a long, and in some cases, painful journey. I am very confident we will get there. But we must start that journey now.

“We hear proposals for short cuts or quick wins. However, all we need to do is look at our history to know that there are no quick wins or short cuts in fixing Nigeria. The many decades of damage and destruction cannot be repaired overnight.

“The reform programme we are implementing is not because oil prices are below $45 per barrel today. It is because when oil prices were over $100 per barrel, majority of Nigerians were still suffering. They were simply forgotten and left behind. So, our reforms are to ensure that the majority of Nigerians are not left behind.”

The president also assured the Nigerian community that his administration was fulfilling its promise to improve security across the country, saying: “When we came into office in 2015, Boko Haram insurgents occupied 14 Local Government Areas.

“Today, I am pleased to say the insurgents have been routed out of these local governments and their capacity to fight as a force has been significantly degraded.

“We will continue working hard to ensure that the group is eliminated. This is achievable. And we will not settle for anything less.”

Follow us on twitter @thecableng

Copyright 2017 TheCable. Permission to use quotations from this article is granted subject to appropriate credit being given to www.thecable.ng as the source.
Advertisement

Social Comments

0 Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *

Exchange Rates

March 20, 2017USDGBPEUR
INTERBANK316.00392.15339.92
LAGOS449535470
KANO450545470
PH454547480
ABUJA450540472
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement