MARKET UPDATE
AUGUST 21, 2017NIGERIA STOCK EXCHANGE (Market Open) SUMMARY: All Share Index 36,920.56 Deals 3,803.00 Volume 236,619,367.00 Value 4,807,693,729.28Market Cap 12,725,510,339,197.47 TOP GAINERS DANGCEM 225 (5.2) GUARANTY 39.5 (2.4) STANBIC 38.85 (1.85) ZENITHBANK 24.53 (1.52) PZ 26.93 (1.28) TOP LOSERS OKOMUOIL 69.09 (-3.63) NB 181.02 (-2.98) CADBURY 12.07 (-0.63) UACN 16 (-0.6) CCNN 9.22 (-0.45) CBN EXCHANGE RATE(NGN)Buying:$USD 304.65 GBP 392.1455 EURO 356.2882 SWISS FRANC 314.8186 YEN 2.7658 Selling:$USD 305.65 £GBP 393.4327 EURO 357.4577 SWISS FRANC 315.852 YEN 2.7749 CNBC COMMODITY PRICES (USD)Crude Oil (Bonny light) 48.84 Natural Gas 2.901 (-0.028) Gold 1298.70 (6.299) Silver 17.065 (0.012) Copper 2.9335 (-0.0045) Wheat 416.75 (2.75) Coffee 128.35 (-0.10) Cotton 66.72 (-0.19) Cocoa 1926.00 (22.00)
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Author Archives: Author

Nigeria’s unity settled, not negotiable – Buhari

President Muhammadu Buhari on Monday said the unity of the country would not be open to any negotiation. The President, in a broadcast to Nigerians since he returned to Nigeria after a 104-day medical vacation in London, added that political mischief makers who were fuelling ethnic violence would be dealt with. Buhari, who said he was not against legitimate concerns, noted that ... Read More »

Neymar slams Barca bosses after PSG home debut

Paris Saint-Germain’s world record signing Neymar launched a scathing attack on his former club’s directors, saying “Barca deserve much better”. The people in charge at the Catalan giants “are not the people who should be there, for the direction of Barca,” Neymar told reporters after scoring twice on his home debut as PSG thumped Toulouse 6-2 in Ligue 1 on ... Read More »

Nigerian judiciary not as corrupt as NBS report shows – NJC

Like the police, the National Judicial Council, NJC has refused to accept the result of a survey that shows that the judiciary is the second most corrupt institution in Nigeria. The survey released last week was conducted by the National Bureau of Statistics, NBS, with the support of the United Nations Office on Drugs and Crimes, UNODC. The survey showed, ... Read More »

Federal, states, councils share N2.8tr in six months

The three tiers of government – federal, states and local governments – shared N2.788 trillion between January and June this year, Nigeria Extractive Industries Transparency Initiative (NEITI) said yesterday. According to a statement by NEITI Director of Communications, Dr. Orji Ogbonnaya Orji, the allocation shows a 38 per cent increase on the N2.019 trillion shared in the first half of ... Read More »

Ten sailors missing after US destroyer collision off Singapore

Ten US sailors were missing and five injured Monday after their destroyer collided with a tanker east of Singapore, in the second accident involving an American warship in two months. The guided-missile destroyer USS John S. McCain collided with the merchant vessel Alnic MC near the Straits of Malacca in the early hours, the US Navy said. “Initial reports indicate John S. McCain ... Read More »

EFCC recovers N329b from 10 marketers

The Economic and Financial Crimes Commission (EFCC) has recovered N329.150billion from 10 marketers from 2016 to date. The marketers defaulted in payment for products supplied to them by the Nigerian National Petroleum Corporation (NNPC) through its subsidiary, the Petroleum Products and Marketing Company (PPMC). About N20, 604, 109, 123.90 is yet to be recovered. The PPMC has written to the ... Read More »

PDP believes in restructuring- Adeyeye

The Peoples Democratic Party (PDP) is in support of restructuring of the country in a manner that will boost the growth, development and prosperity of Nigeria. Dayo Adeyeye, the National Publicity Secretary of the PDP National Caretaker Committee, made the clarification in a statement issued on Sunday in Abuja. Adeyeye said the clarification became necessary following a statement credited to ... Read More »

Barcelona Start with Victory on Emotional Night

Barcelona capped an emotional week with a convincing display in Ernesto Valverde’s first LaLiga match in charge, as Gerard Deulofeu inspired them to a 2-0 win over Real Betis. With deals for Ousmane Dembele and Philippe Coutinho reportedly high on Barca’s list of priorities, Deulofeu’s place in Valverde’s side seems far from secure. However, the winger did his first-team chances no ... Read More »

Chelsea beat Tottenham 2-1

Marcos Alonso has surely won it for Chelsea with his second goal of the afternoon! David Luiz robbed Victor Wanyama midway inside Tottenham’s half, Lloris having put the midfielder in trouble with a hasty throw. The ball was played through to Alonso by Pedro and his low drive from the left squirmed underneath Hugo Lloris, sparking huge celebrations from everyone ... Read More »