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)
Home » Author Archives: Author (page 20)

Author Archives: Author

Lagos moves to transform oworonshoki to transport, entertainment hub

The Lagos State Government on Monday outlined plans to transform the blighted areas of Oworonshoki Waterfront into one of the biggest transportation, tourism and entertainment hubs in Nigeria. Commissioner for Waterfront Infrastructure Development, Engr. Ade Akinsanya in a statement, said that the project will improve the aesthetics and security of the environment, while attracting investments in water transportation and boosting socio-economic activities in ... Read More »

Anti-part activities: Banire shuns APC disciplinary committee

…As Petitioners Testify Before Panel Embattled National Legal Adviser of All Progressives Congress (APC), Mr Muiz Banire on Monday failed to appear before the Disciplinary Committee set up by the party in Ward C of Mushin Local Government Area of Lagos State to adjudicate on allegations of anti-party activities and misappropriation of campaign materials and logistics levelled against him. The Committee had ... Read More »

Electricity theft may attract N200,000 in fines

Nigerian Electricity Regulatory Commission is considering a request by one of the existing 11 power distribution companies to increase the penalty for electricity theft from N50,000 to N200,000. This is coming as the commission has said the indebtedness of Discos is a major reason why they often reject part of electricity allocated to them by the Transmission Company of Nigeria. ... Read More »

Africa’s Working-age Population to Grow by 450m in 20years

The working-age population in Africa is projected to  grow by about 70 per cent or 450 million over a period of 20 years, spanning 2015 to 2035, said the  Africa Competitiveness Report 2017. To date, Africa, which has Nigeria as one of the most populated, is  inhabited by 1.246 billion people. The population had grown by  about 550 million, nearly ... Read More »

US, FG back 20,000bpd oil refinery in Lagos

The construction of a 20,000-barrels-per-day crude oil refinery in Lagos by a Nigerian petrochemical and refining company has received a major boost with the signing of a grant by the United States Trade and Development Agency. Similarly, the Federal Government has pledged to provide the necessary support to the company towards the completion of the project aimed at ramping up ... Read More »

UN office raid: Humanitarian assistance resumes

The United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA) yesterday resumed   assistance to Internally Displaced Persons (IDPs) in Borno State, 24 hours after an army raid on its Maiduguri compound. The organisation had suspended its activities to protest the raid which the army said was in search of high profile elements of the terror sect, Boko Haram, which ... Read More »

PDP attacks Osinbajo, calls him a figurehead

The main opposition party, the Peoples Democratic Party, says Acting President Yemi Osinbajo is not in charge of the country. It said actions taken by the Acting President had shown that power was not handed over to him contrary to the claim by the Presidency that ailing President Muhammadu Buhari ceded power to him (Osinbajo) before leaving Nigeria for London ... Read More »

Ondo workers reject modulated salary

Labour unions in Ondo State have kicked against the state government’s plan to pay fractional parts of their outstanding salaries and pensions from the second tranche of the Paris Club fund. Governor Oluwarotimi Akeredolu (SAN), in July, confirmed the receipt of N7.6 billion by the state as part of the Paris Club refund. The governor pledged not to spend the ... Read More »

Wrest power from old politicians, Obasanjo tells youths

Former President Olusegun Obasanjo has advised the youth to democratically wrest leadership from the old guards since they are unwilling to quit the stage. To Obasanjo, leadership positions are never given on a platter of gold. He urged the youth to work for them. The ex – President, who spoke on Saturday in Abeokuta, the Ogun State capital, at the Youth Governance ... Read More »

Oyo to sanction churches, mosques, others for noise pollution

Oyo State Commissioner for Environment and Water Resources, Chief Isaac Ishola, at the weekend narrated his ordeals in the hands of the General Overseer of a new generation church while attempting to seal off the church for violating environmental laws. The commissioner said the General Overseer allegedly molested, harassed and insulted him on the church premises to prevent the sealing ... Read More »