Saturday, March 25, 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)

Tag "President Muhammadu Buhari"

    QUESTION: First el-Rufai’s letter, now Sanusi’s warning. Should Buhari rejig his inner circle?

QUESTION: First el-Rufai’s letter, now Sanusi’s warning. Should Buhari rejig his inner circle?

“Your worst enemy could be your best friend, and your best friend your worst enemy.”That is a line in the song ‘Who the Cap fits’ by music immortal, Bob Marley.The song accents the fickle, vacillating and treacherous nature of humans. Sometimes, we can tag our enemies by a drawn line of discord, but most times, we cannot pick them out [...]

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    Fayose to Buhari: I can help you discipline your ‘powerful’ appointees

Fayose to Buhari: I can help you discipline your ‘powerful’ appointees

Ayodele Fayose, Ekiti state governor, says he is ready to help President Muhammadu Buhari discipline his "powerful" political appointees.Fayose said this in a statement issued by Idowu Adelusi, his media aide, on Friday.He said Nigerians were beginning to believe the statement of Aisha, the president's wife, that a cabal had taken over the government.Fayose’s latest onslaught is coming a day [...]

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    Buhari nominates 28 INEC RECs, seeks senate confirmation

Buhari nominates 28 INEC RECs, seeks senate confirmation

President Muhammadu Buhari has sent the names of 28 nominees for confirmation as resident electoral commissioners (RECs) of the Independent National Electoral Commission (INEC).The request was contained in ‎letter dated February 27, which was read by Bukola Saraki, senate president, in plenary on Thursday.The letter was sent to the upper legislative chamber by Yemi Osinbajo, who was at the time [...]

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    Falana asks Buhari to end ‘invasion’ of Amnesty International office

Falana asks Buhari to end ‘invasion’ of Amnesty International office

Femi Falana, human rights lawyer, has asked President Muhammadu to direct Ibrahim Idris, inspector-general of police, to end the invasion of the Abuja office of Amnesty International by some protesters.A group of protesters has besieged the office of the human rights watchdog in Abuja.The protesters are demanding that the organisation leave Nigeria over its alleged exaggerated reports of human rights [...]

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    Zaki Biam killings: We’re losing value for human life, Buhari laments

Zaki Biam killings: We’re losing value for human life, Buhari laments

President Muhammadu Buhari has condemned the attack on traders at a market in Zaki Biam, Benue state, by unknown gunmen, lamenting that it appears Nigerians have lost value for human life.Many people were feared killed in the attack which took place on Monday.The president also commiserated with the people of the state and directed security agencies to immediately apprehend the [...]

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    QUESTION: Should Buhari nominate Magu a third time?

QUESTION: Should Buhari nominate Magu a third time?

Last Wednesday, the senate spurned the nomination of Ibrahim Magu as the chairman of the Economic and Financial Crimes Commission (EFCC).That was the second time it gave Magu the “boot”.On December 15, 2016, the upper legislative first turned down the request of President Muhammadu Buhari to confirm Magu as substantive EFCC chairman.But Buhari re-nominated him for the position.However, weeks after [...]

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    Ali meets Saraki at national assembly

Ali meets Saraki at national assembly

Senate President Bukola Saraki met with Hameed Ali, comptroller-general of the Nigeria customs service (NCS), in his office at the national assembly complex.Ali arrived at the senate wing of the national assembly complex a few minutes before 6pm.This is coming a few hours after the senate reaffirmed its resolution to summon him over the customs' planned seizure of vehicles without [...]

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    Finally, senate to hold confirmation hearing for Magu

Finally, senate to hold confirmation hearing for Magu

The senate will hold a confirmation hearing for Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), on Wednesday.Senate President Bukola Saraki announced this on Tuesday.This is coming a few weeks after President Muhammadu Buhari asked the senate to reconsider its decision to reject the appointment of Magu as EFCC chairman.Vice-President Yemi Osinbajo had sent a letter [...]

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    Buhari writes national assembly, says ‘I have resumed’

Buhari writes national assembly, says ‘I have resumed’

President Muhammadu Buhari has resumed duties after a 49-day vacation in the UK.Femi Adesina, presidential spokesman, disclosed this in a statement on Monday.“In compliance with section 145 of the 1999 constitution (as amended), the president has formally transmitted  letters to the senate and the house of representatives, intimating the national assembly ‘that I have resumed my functions as the president [...]

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    Buhari’s return will douse tension, says Peter Obi

Buhari’s return will douse tension, says Peter Obi

Peter Obi, former Anambra state governor, says the return of President Muhammadu Buhari to the country will douse tension.He said this in a statement issued by his media office on Saturday.The president returned to Nigeria on Friday after a 49-day vacation in the UK. Before his return, there had been speculations over the state of his health, stoking tension in [...]

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    PDP: Nigerians deserve to know Buhari’s health status

PDP: Nigerians deserve to know Buhari’s health status

The Ahmed Makarfi faction of the Peoples Democratic Party (PDP) has urged the presidency to be more transparent in managing the health of President Muhammadu Buhari.The faction said this in a statement issued by Dayo Adeyeye, its spokesman, on Friday.While welcoming the president, who returned after a 50-day vacation in the UK on Friday, the faction said Nigerians deserved to [...]

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    Ibori, Sheriff, Yakubu and Emefiele — the biggest news makers while Buhari was away

Ibori, Sheriff, Yakubu and Emefiele — the biggest news makers while Buhari was away

A lot happened since President Muhammadu Buhari left Nigeria for the United Kingdom on January 19.There is no doubt that the president, who returned to Nigeria after a 50-day vacation in the UK on Friday, has met the country a little more different than he left it. While he was in the UK, there were wildfire rumours that he had [...]

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    ‘Naira to hit 500/$1′ — Twitter reacts to Buhari’s return

‘Naira to hit 500/$1′ — Twitter reacts to Buhari’s return

President Muhammadu Buhari returned to Nigeria on Friday, after a 49-day vacation in the UK, and social media is churning out greetings, expectations, and a review of his time away.Nigerians on Twitter are particularly known for critical, yet hilarious remarks, every time the President returns from his travels across the world.In 2015 and 2016, Buhari was always welcomed back home [...]

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    Nigeria will surely miss Adebayo’s patriotism, says Buhari

Nigeria will surely miss Adebayo’s patriotism, says Buhari

President Muhammadu Buhari has described the late governor of the defunct western region, Adeyinka Adebayo, as a true patriot.A statement issued by Femi Adesina, the president’s special adviser on media and publicity, said Buhari stated this in a telephone call from London to the son of the late major general, Niyi Adebayo, a former governor of Ekiti state.Adesina said the [...]

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    Tinubu: Osinbajo is a loyal team player who doesn’t seek personal accolades

Tinubu: Osinbajo is a loyal team player who doesn’t seek personal accolades

Bola Ahmed Tinubu, national leader of the All Progressives Congress (APC) has described Acting President Yemi Osinbajo as a loyal team player.Tinubu, in a congratulatory message to Osinbajo on the occasion of his 60th birthday, said, "we know that you will have little time to celebrate as your birthday comes at a momentous time this year".In a statement released by [...]

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    Buhari describes Osinbajo as ‘running mate turned friend’

Buhari describes Osinbajo as ‘running mate turned friend’

President Muhammadu Buhari has described Yemi Osinbajo, his deputy, as a "running mate turned friend".Buhari said this in a congratulatory message to Osinbajo on Twitter.60 hearty cheers for @ProfOsinbajo, running mate turned partner in service to Nigeria; and friend. Happy Birthday, Professor! pic.twitter.com/uo7MoELivj — Muhammadu Buhari (@MBuhari) March 8, 2017 Meanwhile, Osinbajo says he is happy and fulfilled at 60.Osinbajo, who reached [...]

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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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