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 4)

Author Archives: Author

Support devolution of power to states, fiscal federalism, Ambode tasks lawyers

…Says Weak Institutions Impeding Ease Of Doing Business …Lagos Has Made Greatest Institutional Transformation, Says NBA President Lagos State Governor, Mr Akinwunmi Ambode on Sunday called on lawyers in the country to raise their voices in support of the demand for devolution of power to States and fiscal federalism, especially the review of the current revenue sharing formula. By the current revenue ... Read More »

BREAKING: Buhari signs resumption letter to N’Assembly

President Muhammadu Buhari has signed a letter to the National Assembly notifying it of his intention to resume work. It was learnt that the president and Acting President Yemi Osinbajo held a meeting at the presidential villa early Monday morning. The letter will ensure Buhari resumes office after his arrival from London. The President had written a letter to the National Assembly, handing over power toYemi ... Read More »

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 »