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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NEWS

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 »

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 »

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 »

El-Rufai Wants Buhari To Make Changes, Reduce Work Hours

Amid the jubilation over the return of President Muhammadu Buhari to the country –103 days after he flew to London for a medical vacation, Governor Nasir El-Rufai of Kaduna State says the President has significant changes to make. With less than two years to the next general elections, and after spending months away for health reasons, Mr El-Rufai, a close ... Read More »

JKF Centre Hails Buhari’s Return, Urges Support For President’s Growth Agenda

JKF Centre, a baby of Dr Kayode Fayemi towards youths training and leadership development, has rejoiced with President Muhammadu Buhari on his safe return to Nigeria after three months medical holiday in London. The centre’s solidarity message came as civil society groups in Ekiti State storm the state capital, Ado-Ekiti, tomorrow for a solidarity rally in support of the President. In a ... Read More »

NMA to Buhari: Equip Nigerian hospitals like UK’s before 2019

The Nigerian Medical Association (NMA) has risen from its August 2017 National Executive Council (NEC) meeting, asking President Muhammadu Buhari to replicate medical equipment he had seen in London, United Kingdom in Nigerian hospitals before the end of his tenure. The umbrella body of medical practitioners in the country said Doctors in the country would have been able to handle ... Read More »

Strike: ASUU’s demands unrealistic-Ezekwesili

A former Minister of Education, Dr Oby Ezekwesili, on Sunday said that the demands by the Academic Staff Union of Universities (ASUU) were unrealistic in light of the current economic situation in Nigeria. Ezekwesili said this while speaking with the News Agency of Nigeria (NAN) in Ibadan while reacting to the ongoing strike embarked upon by the union. The former ... Read More »