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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Nigeria suffering from incompetent leadership – Agbakoba

A former president of the Nigerian Bar Association (NBA), Dr. Olisa Agbakoba (SAN), on Mondayattributed Nigeria’s under-development to incompetent leadership. He said the country cannot attract Foreign Direct Investment (FID) when it is under a “non-performing government.” Agbakoba spoke at the second plenary session of the ongoing Annual General Conference of the Nigerian Bar Association (NBA) in Lagos. The session had ... Read More »

Buhari spoke the minds of Nigerians – Shehu Sani

The senator representing Kaduna Central, Shehu Sani, has said President Muhammadu Buhari spoke the mind of Nigerians in his Monday’s broadcast. Sani said on his Facebook page that President Buhari has demonstrated that he cherished the nation’s unity, peace and collective progress. The senator said: “He spoke as a nationalist and spoke my mind a hundred percent. He sent a clear message ... Read More »

Cross River: Police free abducted Pakistanis

The two Pakistanis abducted in Calabar area have been rescued by the Nigerian Police, Mr Azim Khan, Head of Chancery, Pakistan High Commission has announced. Khan told the News Agency of Nigeria (NAN) on Monday in Abuja that the Police rescued the two victims, Azeem Alikhan and Rehan Siddique and captured the kidnappers. “They were saved without any ransom paid ... Read More »

Libya stops Migrants crossing to Europe

There has been a remarkable drop in the number of migrants crossing from Libya to Europe, via Italy. According to Reuters, an armed Libyan group has been stopping migrant boats from setting off across the Mediterranean from a city west of Tripoli that has been a springboard for people smugglers. The policing of the route by the group has made ... Read More »

Solar eclipse excites millions of Americans

Millions of Americans looked skyward in wonder through protective glasses, telescopes and cameras as the moon blacked out the sun on Monday in Oregon, the first coast-to-coast total solar eclipse in the United States. After weeks of anticipation, the sight of the moon’s silhouette passing directly in front of the sun, blotting out all but a halo-like solar corona and causing a ... Read More »

Buhari meets with Osinbajo, others

President Muhammadu Buhari on Monday met behind closed doors with government officials including Vice-President Yemi Osinbajo and some presidential aides as he formally resumed duties in the Presidential Villa, Abuja. The News Agency of Nigeria (NAN) reports that presidential aides including the Chief of Staff to the President, Abba Kyari, and the President’s Special Adviser on Media and Publicity, Femi Adesina, were ... Read More »

Buhari’s welcome speech failed to address ‘critical’ national issues – SDP

The Social Democratic Party, SDP, has said despite its joy that President Muhammadu Buhari is back from his medical vacation, it is displeased that his first speech after return did not address critical national issues. Mr Buhari addressed Nigerians early Monday after he returned from a protracted medical leave. In a press statement signed by Alfa Mohammed, the party’s National Publicity Secretary, ... Read More »

JAMB to announce new admission policies Tuesday

The Joint Admission and Matriculation Board, JAMB, which began a meeting on Monday, is expected to formally announce a new holistic policy on Tuesday when the body is expected to conclude its ongoing deliberation. The meeting, which involves admission officers of Nigerian tertiary institutions, is taking place at the National Judicial Institute in Abuja. Issues discussed at the meeting include the introduction of ... Read More »

APC Inaugurates 7-Member Reconciliation Committee For Kogi+PHOTOS

The National Chairman of the All Progressives Congress (APC), Chief John Odigie-Oyegun on Monday inaugurated a top-level seven-member reconciliation committee for the Party’s Kogi State Chapter at the APC National Secretariat in Abuja. The seven-member committee is chaired by Gen. Idris Garba. Other members are: Chief Don Etiebet; Rt. Hon. Patricia Etteh; Grp. Capt. Rufai Garba; Alh. Umar Lawan Kareto; ... Read More »

FG spent N1.3trn on capital projects in 2016- Osinbajo

Vice-President Yemi Osinbajo said on Monday that the Buhari administration spent N1.3 trillion on capital projects in 2016, the highest in the history of the country. Acting President Osinbajo Osinbajo disclosed this at a plenary of the 2017 Nigerian Bar Association (NBA) national conference in Lagos with the theme: “African Business: Penetrating Through Institution Building.”  The sub-theme of the plenary ... Read More »