TOLANI ADULOJU

Beginning December 2, all financial institutions in the interbank are to start the Electronic Foreign Exchange Matching System (EFEMS) for FX trading using the Bloomberg BMatch system platform. The Central Bank of Nigeria (CBN) announced…

Holcim, a Swiss firm has divested from Lafarge Africa, selling its 83.81 per cent stake to Huaxin, a Chinese firm for $1bn. A regulatory filing by Lafarge's company secretary, Adewumi Alode on the Nigerian Exchange states the Huaxin…

Nigeria's equities market ended the week on a bearish note, declining by 0.33 to 97.5 points and market capitalisation dropping to N59.107 trillion The All Share Index (ASI) closed at 97,506.87 points from 97,829.02 the previous week,…

The House of Representatives has urged President Bola Tinubu to direct Wale Edun, the finance minister and the Coordinating Minister of the Economy to unfreeze all the bank accounts of the National Social Investment Programmes Agency…

 Access Bank Plc, a subsidiary of Access Holdings Plc, has announced the successful acquisition of Standard Chartered Bank Angola S.A. and Standard Chartered Bank (Sierra Leone) Limited. This milestone marks a significant step in Access…

The Central Bank of Nigeria (CBN) has increased its Monetary Policy Rate (MPR) by 25 basis points, from 27.25 per cent to 27.5 per cent to curb rising inflation in the country. The decision, announced by the CBN Governor, Yemi Cardoso,…

Nigeria’s unemployment rate has dropped to 4.3 per cent in the second quarter (Q2) of 2024, a 2 per cent dip from the 5.3 per cent reported in the first quarter of 2024. The unemployment rate is the share of the labour force (the…

Brazilian meatpacker, JBS has signed a memorandum of understanding with Nigeria's government to invest $2.5 billion in the African country. In a statement on Thursday, JBS said it would build six factories, three of which would deal with…

Nigeria's equities market closed Thursday’s trading session on a high note, buoyed by strong performances by FBN Holdings (FBNH) which led market activities. The strong performance ended in an N134 billion gain as the market…

Lagos state will continue to free the roads of gridlock in 2025 following the inclusion of the green rail line in the N1.766 trillion capital votes, representing 59 per cent of the state's N3.005 trillion budget for next year. The 68-km…