Saturday, January 14, 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)

Tag "NUPENG"

    NUPENG suspends warning strike

NUPENG suspends warning strike

The National Union of Petroleum and Natural Gas (NUPENG) has suspended its three-day warning strike.Igwe Achese, president of the union, announced this after a meeting with top government officials led by Chris Ngige, minister of labour and employment.The leaderships of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and other stakeholders in the oil sector were also in [...]

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    Fuel scarcity looms as NUPENG commences nationwide strike

Fuel scarcity looms as NUPENG commences nationwide strike

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has commenced a three-day warning strike across the nation, raising concerns on the likelihood of fuel scarcity.Achese Igwe, president of the union, announced this after a national executive committee (NEC) meeting of NUPENG.The strike, which will affect the flow of petrol to filling stations, has shut down seven crude flow [...]

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    NUPENG shuts down Total Plc over sacked workers

NUPENG shuts down Total Plc over sacked workers

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Thursday ordered stoppage of loading activities at all Total Nig. Ltd depots nationwide over termination of workers' appointments.This is according to a statement signed by Tokunbo Korodo, south-west chairman of the union, and made available to journalists in Lagos.Korodo said the management of Total had been resisting the unionisation [...]

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    Unions ground Arik’s operations over 7-month indebtedness to workers

Unions ground Arik’s operations over 7-month indebtedness to workers

The United Labour Congress (ULC) and the Nigeria Pilots and Engineers union on Tuesday shut the offices of Arik Airlines, due to its inability to pay workers for seven months.The airline has been having challenges with its operations as a result of scarcity of aviation fuel.Tokunbo Korodo, acting chairman of ULC, told NAN that the union could no longer tolerate [...]

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    ‘Oil companies seem more powerful than FG': NUPENG to embark on warning strike

‘Oil companies seem more powerful than FG': NUPENG to embark on warning strike

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) says its members would begin a three-day nationwide warning strike by January 9 2017, in protest of the anti-labour practices of international oil companies.Tokunbo Korodo, the south-west chairman of the union, told NAN in Lagos that the warning strike was inevitable because all other options had failed.He noted that in [...]

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    NUPENG threatens to embark on industrial action

NUPENG threatens to embark on industrial action

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) says it will embark on a three-day warning strike if oil and gas companies fail to address workers’ welfare.Igwe Achese, president of the union, disclosed this in a statement signed in Lagos.Achese said the union had given the federal government a 21-day ultimatum to intervene in labour issues involving multinationals [...]

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    Recession: Oil companies lay off 3,000 workers, unions kick

Recession: Oil companies lay off 3,000 workers, unions kick

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Wednesday said at least 3,000 oil workers have lost their jobs as a result of the pressing economic situation in the country.Addressing the media at the end of a crucial meeting in Effurun, Delta state, Igwe Achese, national [...]

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    Oil workers suspend strike

Oil workers suspend strike

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) have suspended their strike.Both unions decided to suspend the strike after a meeting with Chris Ngige, minister of labour and employment.The unions had embarked on the strike following what they termed anti-labour activities.PENGASSAN said the anti-labour activities included [...]

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    FG, oil workers to continue meeting Tuesday

FG, oil workers to continue meeting Tuesday

The meeting between the federal government and oil workers' unions in Abuja on Monday ended in deadlock and will continue on Tuesday.The unions are the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum Natural Gas Workers( NUPENG).Ibe Kachikwu, minister of state for petroleum resources, said the meeting was moved to Tuesday due [...]

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    Confusion as PENGASSAN, NUPENG contradict each other on strike

Confusion as PENGASSAN, NUPENG contradict each other on strike

Leaders of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) have been contradicting each other over the industrial action called to protest some alleged irregularities in the oil sector.On Monday, Lumumba Okugbawa, acting general secretary of PENGASSAN, directed oil workers across the country to down tools from [...]

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    Kachikwu ‘using Nigerians as experiment’

Kachikwu ‘using Nigerians as experiment’

Tokunbo Korodo, Lagos zonal chairman of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), says Ibe Kachikwu, minister of state for petroleum, is using Nigerians as experiment.Blaming the Nigerian National Petroleum Corporation (NNPC) for the fuel scarcity, Korodo told Channels Television that the corporation has refused to make fuel available to fuel depots.“The minister is just using Nigerians as [...]

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    ALERT: Fuel scarcity COULD last till end of March

ALERT: Fuel scarcity COULD last till end of March

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) says the ongoing fuel scarcity in the country "could linger till the end of March".Tokunbo Korodo, south-west chairman of the union, made the disclosure in an interview with NAN in Lagos.Korodo said from all indications, loading of petrol at both NNPC depots and private depots were very slow. He said if there [...]

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    We have NOT unbundled NNPC, says Kachikwu

We have NOT unbundled NNPC, says Kachikwu

Ibe Kachikwu, minister of state for petroleum resources, says the federal government has not unbundled the Nigeria National Petroleum Cooperation (NNPC).Speaking with state house correspondents on Wednesday, Kachikwu said the government only restructured the corporation for the sake of efficiency.“We have not unbundled NNPC. We had a press conference yesterday where I explained this. What we have simply done is [...]

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    NUPENG: Petrol tankers not affected by Lagos ban

NUPENG: Petrol tankers not affected by Lagos ban

The National Union of Petroleum and Natural Gas Workers (NUPENG) on Friday said petroleum tankers were not affected by the Lagos state government daytime operational restriction.Tokunbo Korodo, south-west chairman of the union, said petrol tankers could deliver products to any destination within the state at any time.“We are aware of this directive by the LASG but the law did not [...]

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    Oil workers suspend industrial action

Oil workers suspend industrial action

Nigeria’s striking oil workers on Friday suspended their five-day strike after a lengthy meeting with the federal government.The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) on Monday embarked on a strike in protest of unresolved labour issues, prompting long queues for fuel in the federal capital territory and [...]

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    NUPENG: Oil workers’ strike cost Nigeria over N10bn

NUPENG: Oil workers’ strike cost Nigeria over N10bn

The National Union of Petroleum and Natural Gas on Tuesday said that over N10bn in revenue was lost during the five-day industrial action of the union.Chairman, South-West Chapter of the union, Tokunbo Korodo, said this in Lagos in an interview with NAN.The operation of Nigerian National Petroleum Corporation (NNPC) was shut down on September 15 due to non-payment of N85bn pension [...]

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Exchange Rates

January 14, 2017USDGBPEUR
INTERBANK316.13385.11336.46
LAGOS491600515
KANO487595510
PH491600518
ABUJA492600516
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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