MARKET UPDATE
JULY 23, 2017NIGERIA STOCK EXCHANGE (Market Closed) SUMMARY:All Share Index 33,514.93Deals 4,055.00Volume 331,430,651.00Value 3,244,901,166.13Market Cap 11,550,943,562,369.10TOP GAINERSSEPLAT 485 (9.98)GUINESS 66.1 (3.1)OKOMUOIL 64.5 (1.5)PZ 22.05 (1.05)STANBIC 32.49 (0.99)TOP LOSERSNESTLE 903.5 (-16.5)PRESCO 61.32 (-3.22)DANGCEM 208 (-2)MRS 35.44 (-1.86)FLOURMILL 25.15 (-1.1)CBN EXCHANGE RATE (NGN)Buying:$USD 304.85GBP 397.4634 EURO 351.675SWISS FRANC 319.8175 YEN 2.7243 Selling:$USD 305.85£GBP 398.7672EURO 352.8286SWISS FRANC 320.8666YEN 2.7332CNBC COMMODITY PRICES (USD)Crude Oil (Bonny light) $48.3Natural Gas 3.08 (-0.008)Gold 1240.30 (-1.60) Silver 16.275 (0.007)Copper 2.7105 (-0.02)Wheat -0.02 (UNCH)Coffee 135.25 (0.35)Cotton 67.85 (-0.37)Cocoa 1940.00 (29.00)
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Author Archives: Author

Buhari Meets Oyegun, Amaechi, APC Govs In London

President Muhammadu Buhari on Sunday received a delegation of All Progressives Ccngress Governors and leaders in Abuja House, London. The delegation hosted to lunch by the President was led by the Party Chairman, Chief John Oyegun; Governors of Imo, Kaduna, Kogi, Nasarawa, and Minister of Transportation, Rotimi Amaechi. A tweet from his official handle, @NGRPresident, reads, “The President sends his ... Read More »

America set to go after Diezani Alison-Madueke

A former US State Department Nigeria specialist, Mathew Page,  has suggested that a US civil forfeiture case to seize $144 million of assets from two cronies of Diezani Alison-Madueke, may just be the start of her legal troubles with America. US Justice Department last week filed an asset recovery case in Houston against Jide Omokore and Kola Aluko,  seeking the ... Read More »

Pray for Buhari, don’t wish him dead– NANS

The National Association of Nigerian Students (NANS) on Sunday called on Nigerians to pray for the quick recovery of President Muhammadu Buhari instead of wishing him dead. NANS President, Mr Chinonso Obasi, in a statement in Abuja, said his conversation with the presidency on July 22 showed that Buhari was recuperating fast and would be back soon. He said that it was ... Read More »

Osinbajo, Gowon to discuss food security at IITA anniversary

Acting President Yemi Osinbajo will on Monday speak on food security and Nigeria’s preparedness to diversify its economy using agriculture as a lever. Mr. Osinbajo leads other dignitaries and leaders from scientific research, education, and corporate organizations from African countries and beyond, in celebrating the 50th anniversary of the International Institute of Tropical Agriculture (IITA) on Monday in Ibadan. He will be joined by ... Read More »

Double pay to ex-govs: SERAP woos Fayemi for crusade

Socio-Economic Rights and Accountability Project, (SERAP) has urged Minister of Mines and Steel Development, Dr Kayode Fayemi, “to join us in promoting and supporting legislative measures to redirect public funds spent to provide life pensions to former governors for the benefit of the most marginalized and disadvantaged Nigerians. The group in an open letter asked the minister to tread the ... Read More »

Over $100m required to rebrand Etisalat – Experts

Emerging Markets Telecommunication Services Limited, EMTS previously trading as ‘Etisalat Nigeria’ and now 9mobile requires an estimated $100million to perfect the complete reengineering of its network. Although the new management team led by Mr Boye Olusanya was noncommittal at the ceremony to unveil its new logo in Lagos, The Nation reliably gathered that in order to achieve this seamless process ... Read More »

Renowned Yoruba author, Adebayo Faleti, is dead

Renowned Yoruba author, Adebayo Faleti, is dead. He died in his home on Sunday in Ibadan, aged 86. His son, Adeniyi, told our correspondent that he was helping his father with his bath when he died. According to him, his father observed the early morning devotion with his family members when he woke up and soon after, told them that he prayed ... Read More »

Mr. Eazi postpones concert to spend time with Temi Otedola

Nigerian musician Oluwatosin Oluwole Ajibade popularly known as Mr.Eazi who has been having a nice time with billionaire’s daughter Temi Otedola has postponed his Houston concert. The Nigerian musician who has been lounging with his girlfriend in Miami for his ‘ birthday vacation’ made the announcement via his Instagram account. ” Due to unavoidable circumstance, my concert in Houston has ... Read More »

New Group Debuts, Praises Buhari For Pro-Masses Policies

A new political group in Ekiti State, JKF Movement, has emerged to mobilise support for President Muhammadu Buhari’s policy formulation and implementation to ensure quality living among Nigerians. After its maiden meeting in Ado-Ekiti, its Public Relations Officer, Kunle Omotayo, said in a press statement that the group acknowledged the “redemptive role” the President is playing to redirect the nation ... Read More »

UBA Foundation Takes its Read Africa Initiative East

  The United Bank for Africa (UBA) Plc, through its Corporate Social Responsibility arm, the UBA Foundation, continued on its quest to educate and empower African youths as it visited Our Lady of Mercy Girls Secondary School in Nairobi to donate over 500 copies of the book The Fishermen(by Chigozie Obioma), under the UBA Foundation’s Read Africa Initiative. The initiative which ... Read More »