Wednesday, January 18, 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 "us"

    Dabiri-Erewa: to US: You can’t give us $1bn aid and keep $1bn of our stolen wealth

Dabiri-Erewa: to US: You can’t give us $1bn aid and keep $1bn of our stolen wealth

Itse Sagay, chairman of the Presidential Advisory Committee against Corruption (PACAC), on Thursday said Nigeria could lose $550m recovered from the Abacha family to the United States.Speaking on Thursday at a news conference on asset recovery, organised by PACAC and the office of the senior special assistant to the president on foreign affairs and the Diaspora, Sagay said Nigeria had [...]

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    Ban Ki-moon’s brother arrested in US

Ban Ki-moon’s brother arrested in US

Ban Ki-Sang, brother of Ban Ki-moon, former United Nations (UN) secretary general, has been arrested in the US for paying a $2.5 million bribe to buy an ailing skyscraper complex in Hanoi, Vietnam.Trouble started for the 69 year old and Joo Hyun Bahn, his son, when the middleman stole the initial payment, and the three of them found themselves [...]

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    Gunman kills 5 at US airport

Gunman kills 5 at US airport

A gunman opened fire on passengers at Fort Lauderdale Airport in Florida on Friday, killing five and leaving eight others injured.Witnesses said everyone started running as the attacker opened fire in the baggage claim area.The area is home to departures and arrivals for Delta and Air Canada, according to the airport.Reports have since emerged of a second shooting at the airport's rental [...]

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    US Army okays beards, hijabs for Muslim officers

US Army okays beards, hijabs for Muslim officers

The US Army has given approval for Muslim soldiers and officers of other religious minorities to wear beards, head scarf or hijabs for women.Soldiers who desire to wear any of the items are to obtain approval to dress and groom themselves according to their religious customs while serving in the military.In a memorandum signed this week, Eric Fanning, army secretary, [...]

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    Clinton to attend Trump’s inauguration

Clinton to attend Trump’s inauguration

Hillary Clinton, candidate of the Democratic Party in US presidential election, will attend the inauguration of Donald Trump, her rival.Quoting aides of the presidential candidate, CNN said Clinton will attend alongside her husband who is a former president.Former President George W Bush and former first lady Laura Bush will also be at the occasion."President and Mrs. George W. Bush will [...]

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    UPDATED: Putin says Russia will not eject US diplomats due to Trump’s presidency

UPDATED: Putin says Russia will not eject US diplomats due to Trump’s presidency

Russia on Friday announced plans to expel 35 US diplomats and ban US diplomatic staff from using a dacha and a warehouse in Moscow in retaliation to Washington’s sanctions, Russian news agencies are reporting.Sergei Lavrov, foreign minister, was quoted by the agencies as saying he had proposed the measures to President Vladimir Putin.Barack Obama, outgoing president of the US on [...]

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    I’ll use ‘ex-president rank’ for privileges, says Obama

I’ll use ‘ex-president rank’ for privileges, says Obama

Barack Obama, outgoing US president, says he will use the rank of “ex-President” to enjoy some privileges after he leaves the White House on January 20, 2017.Obama made the remarks in his usual humour at a dinner for service members of the US military on Tuesday.“So thank you so much for everything that you’ve done.  I hope you guys have [...]

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    FULL LIST: Names, portfolios of 47 new ambassadors

FULL LIST: Names, portfolios of 47 new ambassadors

Forty-seven career ambassadors have been deployed in various missions across the world.They were confirmed by the senate in NovemberPresident Muhammadu Buhari had appointed them in June, but controversy over the exclusion of some states, stalled their final approval by the upper legislative chamber.Here are the ambassadors and their places of assignments:NAME STATE PORTFOLIOS1 Obinna Chukwuemeka Agbugba Abia  Togo2 Salisu Umaru Adamawa Senegal3 Paragalda Ilyasu Audu Adamawa Turkey4  Inyan Udo-Inyang Akwa Ibom  Gabon5 Okeke Vivian Nwunaku Anambra Spain6 Nonye [...]

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    Barkindo in Washington to talk US into OPEC deals

Barkindo in Washington to talk US into OPEC deals

Mohammad Barkindo, secretary-general of the Organisation of Petroleum Exporting Countries (OPEC), is currently in Washington to persuade the United States to collaborate with the cartel.Barkindo, who just presided over historic oil cuts by OPEC and non-OPEC states, is seeking to improve gains by bringing the US on board.Speaking at the Centre for Strategic and International Studies in Washington, Barkindo said: "The [...]

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    US asks Buhari to release Zakzaky, punish soldiers who killed Shi’ites

US asks Buhari to release Zakzaky, punish soldiers who killed Shi’ites

The United States wants the Nigerian government to expedite action on the recommendation of the white paper on last year’s clashes in Zaria, Kaduna state.John Kirby, assistant secretary and department spokesperson of the Bureau of Public Affairs, said the US government had fully agreed with the recommendations in the White Paper.“On December 5th, the Kaduna state government in Nigeria issued a long-awaited white paper on [...]

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    Falana to FG: Stop begging those who stole Nigeria’s money… fight them!

Falana to FG: Stop begging those who stole Nigeria’s money… fight them!

Femi Falana, human rights lawyer, has called on the federal government to adopt an “aggressive policy” to recover looted funds instead of asking for loans.Falana said this on the sidelines of an event organised by the US embassy in Abuja to mark the international anti-corruption day.“People have stolen our money, why are you begging them to return it? We need to [...]

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    PROFILE: Meet Ogunlesi, the Nigerian businessman who will advise Trump on economy

PROFILE: Meet Ogunlesi, the Nigerian businessman who will advise Trump on economy

Adebayo Ogunlesi, a Nigerian business mogul who has majority stake in London Gatwick airport, will be advising Donald Trump, the US president-elect, on the economy.Trump picked Ogunlesi to join a host of chief executives “who know what it takes to create jobs and drive economic growth” in an advisory council. SON OF FIRST NIGERIAN PROFESSOR OF MEDICINE According to his profile on Wikipedia, [...]

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    Buhari: Corruption was becoming a culture before I came to power

Buhari: Corruption was becoming a culture before I came to power

President Muhammadu Buhari on Thursday said corruption was becoming a culture before he came to power.The president said this when he received the letter of credence of the United States ambassador to Nigeria, William Stuart Symington, at the state house.In a statement issued by Femi Adesina, his spokesman, Buhari said his administration remained committed to realising the key priorities of [...]

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    FACT CHECK: Did Buhari donate $500m to the Clinton campaign?

FACT CHECK: Did Buhari donate $500m to the Clinton campaign?

A video has been making the round on social media, and off it, that President Muhammadu Buhari donated $500 million to the Hillary Clinton campaign in the US election."A US non-governmental group, the American Black Group for Democracy has revealed  that the Nigerian President, Muhammadu Buhari’s government plunged  $500 million (About N150 billion) into the failed Hillary Clinton electioneering campaign fund," [...]

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    Hillary Clinton leading with 947,579 in popular vote and the US is still counting

Hillary Clinton leading with 947,579 in popular vote and the US is still counting

Hillary Clinton, presidential candidate of the Democratic Party, is leading her Republican counterpart, Donald Trump, with 947,579 popular vote, as the US continues counting of results, a week after the election.According to AP, Clinton had 61,782,016 votes, while Trump, the president-elect had 60,834,437 votes as at 1:19pm (Nigerian time) on Wednesday.Clinton won the popular and electoral college votes in 21 [...]

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    Is Trump’s rally over?

Is Trump’s rally over?

The financial markets’ reaction to Trump’s victory seems to be abating early Tuesday with the dollar index retreating for the first time in six days after approaching its highest levels in nearly 13-years. Global bonds sell-off also took a break after wiping out almost $1.5 trillion from its value. More interestingly, yields on Japan’s 10-year JGB’s rose above zero for the [...]

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Exchange Rates

January 18, 2017USDGBPEUR
INTERBANK315.06387.93336.61
LAGOS495600510
KANO495600508
PH500600510
ABUJA493600510
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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