MARKET UPDATE
AUGUST 22, 2017NIGERIA STOCK EXCHANGE (Market Open) SUMMARY:All Share Index 36,584.44Deals 3,729.00Volume 368,381,759.00Value 6,272,685,687.99Market Cap 12,609,660,207,550.90TOP GAINERSBETAGLAS 59.84 (2.51)FLOURMILL 31 (2.49)NB 2.49 (2.48)GUARANTY 40.7 (1.2)UNILEVER 46 (0.5)TOP LOSERSNESTLE 1200.01 (-9.99)DANGCEM 215.62 (-9.38)STANBIC 38.11 (-0.74)WAPCO 58.5 (-0.5)ZENITHBANK 24 (-0.28)CBN EXCHANGE RATE (NGN)Buying:$USD 304.7GBP 392.4536 EURO 358.571SWISS FRANC 315.2939 YEN 2.7941 Selling:$USD 305.7£GBP 393.7416EURO 359.7478SWISS FRANC 316.3286YEN 2.8033CNBC COMMODITY PRICES (USD)Crude Oil (Bonny light) $50.79Natural Gas 2.96 (0.067)Gold 1295.70 (4.10) Silver 17.025 (0.025)Copper 2.985 (0.0455)Wheat 410.25 (-5.75)Coffee 130.45 (-1.25)Cotton 67.44 (0.16)Cocoa 1890.00 (-32.00)
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Author Archives: Author

ODD NEWS: Family of five die vomiting blood in Anambra

Five members of Ndenemu family in Umuatuegwu Okija, Ihiala Local Government Area of Anambra State have reportedly died vomiting blood. The victims were Albert Ndenemenu, a commercial motorcyclist; his wife, Nwanne and their three children. There were conflicting reports about the cause of their deaths. While a version of the story said the victims ate poisoned food (rice), others alleged ... Read More »

Govt agencies remitted N687.82bn operating surplus in nine years

Agencies of the Federal Government have remitted a total of N687.82bn to the Consolidated Revenue Fund in nine years, the Fiscal Responsibility Commission has said in a report. It stated in the report obtained by our correspondent on Monday that the amount was remitted as operating surplus between 2007 and 2015. The FRC Act 2007 requires listed government agencies to remit 80 per ... Read More »

Nigerians react to Buhari’s broadcast

Nigerians on Monday were diverse in their opinions on Buhari’s first broadcast to Nigerians after a 104-day medical vacation in the United Kingdom. While some described the speech as all encompassing, others saw it as lacking in matters that affected Nigerians. An elder statesman and chieftain of Afenifere, Chief Ayo Adebanjo, faulted the President’s position that Nigeria’s unity was not open to ... Read More »

Buhari: Kogi Gov Gets knocks Over Public holiday

The Kogi State Governor, Yahaya Bello, has received knocks for declaring Monday a public holiday to mark the return of President Muhammadu Buhari from London, where he had gone for medical treatment. The first blow came from the Kogi State chapter of the Peoples Democratic Party, which described the holiday as an aberration. The party in a statement signed by its Director, ... Read More »

Paris Club: Akeredolu, Ondo workers agree on salary payment

The Ondo State Governor, Mr. Rotimi Akeredolu, and workers in the state have finally resolved on the payment of the remaining 20 per cent of the outstanding September 2016 salary arrears from the second tranche of the Paris Club loan refund. The state government commenced the payment of 80 per cent of the outstanding September 2016 salary arrears to the ... Read More »

APC moves to reconcile Kogi gov, Melaye

The National Chairman of the All Progressives Congress, Chief John Odigie-Oyegun, on Monday in Abuja, inaugurated a seven-member reconciliation committee for the party’s Kogi State chapter at the APC National Secretariat. The seven-member committee, which is chaired by Gen. Idris Garba(retd.), also has as members, Chief Don Etiebet, Patricia Etteh; Group Capt. Rufai Garba(retd.),  Alhaji Umar Lawan Kareto, Group Capt. Joe Orji ... Read More »

Dangote to engage Nigerian vendors in building refinery

The Nigerian Content Development and Monitoring Board, on Monday, said the management of Dangote refinery had agreed to select competent Nigerian vendors that would participate in the construction of the plant from the Nigerian Oil and Gas Industry Joint Qualification System. The NOGICJQS, which is the database of available capacities in the nation’s oil and gas industry, is managed by the ... Read More »

Southwest failed to access intervention funds in 2016, says UBEC

All the six states in the Southwest failed to provide the matching grant to access about N9 billion intervention funds released in 2015/2016 by the Federal Government for the development of basic education in their states, Executive Secretary of Universal Basic Education Commission (UBEC), Dr. Hamid Bobboyi, has said. Dr. Bobboyi addressed reporters yesterday in Abuja on the development. He ... Read More »

ODD NEWS: Pastor impregnates housewife

A pastor in charge of Christ Apostolic Church (CAC), Oke-Itura, Iju in Akure North local government area of Ondo State, Mathew Olakunle, has been accused of impregnating a woman undergoing spiritual healing in his church. The woman, Mrs. Omotola Akerele, alleged that the cleric had sex with her during spiritual cleansing and that resulted in pregnancy. Olakunle was alleged to ... Read More »

NJC appeals judgment restraining investigation of Justice Ademola

The National Judicial Council (NJC) on Monday asked the Court of Appeal in Abuja to void a judgment delivered by Justice John Tsoho of the Federal High Court, Abuja, restraining the Council from proceeding with the investigation of Justice Adeniyi of the same court, over alleged misconduct. Justice Tsoho had on July 7 barred the NJC from inviting Justice Ademola ... Read More »