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)


​How Sovereign Wealth Fund Rehabilitated Fertilizer Production In Nigeria

Less than seven months after Audu Ogbe, Minister of Agriculture promised the nation that the government was poised to crash fertilizer price down to N6,000 or below, tangible evidence has emerged that this is a promise kept. Last Monday. Uche Orji, the ebullient Managing Director of the Nigerian Sovereign Investment Authority, NSIA, revealed that the Authority had put back to work ... Read More »

Political correctness and buzzwords

Buzzwords and shibboleths are all the rage. We would have thought that they have reached their zenith during the period of the misconceived, propaganda-driven Structural Adjustment Programme (SAP). SAP induced a slew of phrases among them-no alternative to SAP, “market based reforms” and so forth. The painful lessons of SAP have, alas, not been learnt. Buzzwords cannot be a reliable ... Read More »

When the devil buy’s a seat

Bisi Adeleye-Fayemi On Sunday August 6th, St Patrick’s Catholic Church in Ozubulu community, Anambra State was the scene of an unspeakable tragedy. Just as the early morning mass was about to start the ‘Prayer of the faithful’, the service was brought to a halt by an attack from gunmen which left twelve worshippers dead and several more wounded. Since then, ... Read More »

Ekiti and the crowded governorship race

By Femi Odere   The article by Dare Odufowokan, the Assistant Editor of The Nation, which appeared in the newspaper on Sunday, July 30, 2017 can be said to be an appraisal of Ekiti State politics vis-à-vis some of its major players. One can also be forgiven if he sees another gathering storm not only because of the unwieldy field of ... Read More »

Will The Cartel Win Again In Kenya?

Azu Ishiekwene  My first encounter with Tuesday’s general election in Kenya happened one month ago. On July 5, Premium Times shared a video of a debate by four contestants for the Nairobi governorship election hosted by KTN and Daystar University. It was not a debate. It was a bareknuckle encounter, a verbal brawl between independent candidate, Miguna Miguna, and the rest. Miguna, a lawyer ... Read More »

A Man In Her Next Life?

  Azu Ishiekwene   It was not the first time she was saying it, but it hit me differently this time. I was on my way home from the Lagos Airport and had been dropped off at our residential estate gate, not too far from where Evans, the kidnap kingpin, lived. From there, my wife said someone would be on ... Read More »

PMB and The Descendants of Shimei 

By Femi Adesina There is nothing new under the sun, goes a popular saying. In fact, the more things seem to change, the more they appear the same. From time immemorial, some people have spoken evil of leadership, cast aspersions on them, and generally portrayed themselves as scum of the earth. No matter how a country loves its leader, there ... Read More »

Falana, The Baby And The Bathwater  

  Azu Ishiekwene   The statement on Sunday by a group led by human rights lawyer, Femi Falana (SAN), about “unrealistic” recommendations contained in the 2014 National Conference report must be turning heads in political circles.   Apart from the fact that Falana was a member of the Conference that made the recommendations, he’s a man whose views on any ... Read More »

Lagos APC Primaries and Matters Arising

By Gbolahan Akintunde   The All Progressives Congress conducted its primaries recently to elect candidates for the July 22 Local Government and councilorship election. As it is natural in the contest of this nature, tempers were high and there were issues which arose from complaints by members of the party who did not agree with the party’s position of returning some candidates ... Read More »