MARKET UPDATE
All Share Index 36,970.81Deals 4,262.00Volume 214,959,497.00Value 2,731,216,221.64Market Cap 12,725,971,893,542.17TOP GAINERSGLAXOSIMTH 22.05 (1.05)STANBIC 43 (1)ZENITHBANK 26.3 (0.8)NASCON 13.85 (0.65)PRESCO 67.5 (0.5)TOP LOSERSNB 163 (-2)VITAFOAM 2.64 (-0.12)CUSTODYINS 3.5 (-0.1)ME DV IE WAIR 1.52 (-0.07)CONTINSURE 1.38 (-0.06)Buying:$USD 304GBP 403.6512 EURO 359.0848SWISS FRANC 311.2203 YEN 2.7094 Selling:$USD 305£GBP 404.979EURO 404.979SWISS FRANC 312.2441YEN 2.7184CNBC COMMODITY PRICES (USD)Crude Oil (Bonny light) $56.91Natural Gas 2.922 (-0.078)Gold 1306.50 (1.90) Silver 17.42 (0.009)Copper 3.2345 (0.101)Wheat 438.00 (-1.50)Coffee 124.35 (-2.10)Cotton 67.69 (-0.94)Cocoa 2046.00 (-42.00)
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NNPC: Agbakoba sues FG for discriminating against South-East

Prominent Igbo lawyer, Dr. Olisa Agbakoba (SAN), has sued the Federal Government for allegedly discriminating against the South-East geopolitical zone in its July 5, 2016 appointment into the Board of the Nigerian National Petroleum Corporation. Agbakoba, in the suit filed before the Federal High Court in Abuja, said the Federal Government, on July 5, 2016, appointed nine persons into the ... Read More »

WORK TO ENHANCE CONFIDENCE IN LEGAL SYSTEM, AMBODE TELLS JUDGES, LAWYERS

Declares 2017/2018 Golden Jubilee New Legal Year Open …We’ll No Longer Tolerate Frivolous Adjournments, Acting CJ Vows Lagos State Governor, Mr Akinwunmi Ambode on Monday urged judges and lawyers to embrace transparency and accountability in the administration of justice in the State with a view to enhancing confidence in the legal system. Governor Ambode, who spoke at a service held at the ... Read More »

Sonangol and oil operators meet President of Angola

The meeting follows a statement issued by the operators to the President of the Executive, who have identified several matters related to their investment strategies and operations in Angola LUANDA, Angola, October 9, 2017/ — Sonangol EP (www.Sonangol.co.ao), along with several oil operators, attended a meeting today convened by the President of Angola, João Lourenço. The meeting follows a statement issued ... Read More »

CBN to blacklist exporters withholding forex proceeds

The Central Bank of Nigeria (CBN) is threatening to sanction exporters who fail to repatriate foreign exchange (forex)  proceeds from their businesses  into the economy. CBN Director (Banking Supervision) Abdullahi Ahmad, who issued the warning yesterday during the Bankers’ Committee meeting in Lagos, spoke of a provision in the CBN Foreign Exchange Manual that mandates all exporters to repatriate their ... Read More »

INEC Releases Dates For Ekiti, Osun 2018 Governorship Election

The Independent National Electoral Commission (INEC) has released the dates for Ekiti and Osun 2018 Governorship elections. Current update as the Ekiti State Governorship election will hold on July 14, 2018, while Osun State Governorship election will hold September 22, 2018 Commencement date of Campaigns for Ekiti Governorship election is April 15, 2018, and that of Osun State June 24, 2018. More details soon…. Share ... Read More »

Kachikwu’s Letter: Buhari Must Act Or Lose Integrity, Says Shehu Sani

The Senator representing Kaduna Central Senatorial District has said President Muhammadu Buhari and his administration havemuch to lose if no serious action is taken in response to the memo sent to him by the Minister of State for Petroleum, Mr Ibe Kachikwu. He said this on Wednesday during an appearance on Channels Television’s Politics Today with Seun Okinbaloye.Mr Kachikwu had in the memo which got ... Read More »

FG approves payment of N26bn owed Discos

The Federal Government on Wednesday approved the payment of N25.994bn being debts owed by Ministries, Departments and Agencies to electricity distribution companies. The government also resolved to investigate the firm that was said to have exported poor quality yams from Nigeria to the United States. These were the highlights of the decisions reached at a meeting of the Federal Executive Council presided ... Read More »

Court to hear Diezani’s application for trial at home October 30

The Federal High Court in Lagos will on October 30 hear an application filed by former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, asking it to order the Federal Government to facilitate her return to Nigeria to face trial for corruption and other related offences. Justice Rilwan Aikawa adjourned hearing on the matter after the Economic and Financial Crimes Commission (EFCC) counsel, ... Read More »

How ex-Air Chief Amosu, others ‘diverted N21b ’

An Economic and Financial Crimes Commission (EFCC) investigation officer, Tosin Owobo, yesterday testified that three former Nigeria  Air Force (NAF) officials allegedly diverted N21 billion to their personal accounts from NAF’s. He said they diverted the cash through several companies, which they registered personally. None of the companies had any transaction or contract with NAF, he claimed. Owobo was testifying ... Read More »