Lafarge Lifts Stock Market by 0.25% as GTBank Trades N2.5b Shares

By Adedapo Adesanya Crude oil prices went in different directions on Friday amid profit-taking as markets weighed supply concerns from Russia’s fuel export ban against demand woes from future rate hikes. While the Brent futures lost 3 cents to close at $93.27 a barrel, the US West Texas Intermediate crude (WTI) futures rose by 40 cents to sell for $90.03 a barrel. However, both benchmarks closed downwards on a week-on-week basis, with Brent shedding 0.3 per cent, breaking a three-week streak of gains, and WTI sliding by 0.03 per cent for the week, the first decline in four weeks. Russia

By Bliss Okperan A foremost content reader, FeedSpot, has named Business Post Nigeria as one of the Top 25 Nigeria Personal Finance Blogs. In the list, Business Post was placed in the 8th position, ranking among other reputable online platforms serving readers with quality and educative business and financial news reports and articles. In the top 10, FeedSpot listed Nairametrics as number one, followed by UBA Group, Financial Nigeria Magazine, Investors King, Cowrywise Blog, Financial Watch, MakeMoney, Business Post Nigeria, Nigeria Galleria Blog, and Money Matters with Nimi. Other platforms listed were LagosMums, Financengr, Rosabon Financial Blog, Ohimai Consulting Blog,

By Adedapo Adesanya Though the supply of foreign exchange (FX) in Nigeria has remained low, the Naira closed stronger against the United States Dollar in the Investors and Exporters (I&E) and the Peer-to-Peer (P2P) segments on Wednesday, September 20, and maintained stability in the parallel market. According to data obtained from FMDQ Securities Exchange, the local currency appreciated against the Dollar in the midweek session by 0.76 per cent or N5.89 to sell for N770.71/$1 versus the previous rate of N776.60/$1 amid a decline in the value of forex transactions by 9.4 per cent or $6.65 million to $64.36 million

By Ashemiriogwa Emmanuel The much-awaited listing of shares of Nigerian Exchange (NGX) Group Plc on the NGX Limited trading platform will happen on Friday, October 15, 2021. This is because the NGX has given its nod for the listing by introduction NGX Group stocks on its platform, according to a statement from the group. NGX Group prides itself as a leading integrated market infrastructure group in Africa. The organisation is planning to make its shares available to members of the public after it demutualised from the Nigerian Stock Exchange (NSE) in March 2021. Earlier, precisely on Monday, the Group Chief

By Adedapo Adesanya South African agri-tech startup, swiftVEE, has raised a $1.5 million funding round it will use to expand into neighbouring countries and expand its platform. Founded in 2019 and selected for the Google Launchpad Africa accelerator in the same year, swiftVEE conducts real-time online livestock auctions. So far, the startup has done over 150 auctions, and it has 125,000 farmers in its network. swiftVEE uses artificial intelligence (AI) to match buyers and sellers of livestock from anywhere in the world to help buyers acquire livestock at the most optimal times and hopes to expand its use of AI

By Dipo Olowookere Nigeria’s President, Mr Muhammadu Buhari, has joined others to commiserate with the government and people of Ghana over the passing of former United Nations (UN) Secretary General, Mr Kofi Annan, in the early hours of Saturday, August, 18, 2018. A statement issued today by the Special Adviser to the President on Media and Publicity, Mr Femi Adesina, disclosed that President Buhari called his Ghanaian counterpart, Nana Akufo-Addo, from London to mourn the late world icon. Mr Buhari told Mr Akufo-Addo that all Nigerians and ECOWAS member countries share in the deep loss, considering the strategic influence of

By Adeniyi Ogunfowoke Unlike in the past when Nigerians queue at banks for their transactions, and today you can do it in the comfort of your home with your smartphone by either using the mobile app or USSD. It’s that simple. And the emergence of fintechs has further strengthened the financial sector. However, with the seamlessness of online payments, there is a very big disadvantage – you can easily lose your money. As such, fraud has been simplified as it only takes less than two minutes to clear out a target account. This won’t happen when you visit banks for

By Dipo Olowookere Managing Director/Chief Executive Officer of Renmoney Microfinance Bank Limited, Mrs Oluwatobi Boshoro, has resigned from the position. A statement issued by the lender and signed by its Secretary, Ighiwi Erhahon, confirmed this information on Tuesday in Lagos. According to the press release obtained by Business Post, Mrs Boshoro exited the company to attend to some personal issues that may not allow combine both responsibilities. “Renmoney Microfinance Bank Limited hereby announces the resignation of its Managing Director/CEO, Mrs Oluwatobi Boshoro. “Mrs Boshoro has resigned to attend to personal matters,” the statement said. The firm further said, “In the

By Ahmed Rahma The 2021 appropriation bill of N120 billion passed by the Gombe State House of Assembly has been signed into law by the state governor, Mr Muhammadu Yahaya. The budget, signed on Wednesday, has a total of N120,346,536,626.00, which reflected an increase of N682,680,000.00 over the initial sum of N119,663,856,626.00 proposed by the executive. According to Mr Yahaya, while signing the budget titled Budget of Resilience into law, his administration will improve the lots of Gombe state people next year. “Around this time last year, we assented 2020 budget, around 27th, we signed the appropriation budget. This year,

By Adedapo Adesanya As part of the response to contain the outbreak of Lassa fever, the Nigeria Centre for Disease Control (NCDC), closely working with the World Health Organization (WHO) and partners has activated a national Lassa fever multi-partner, multi-sectoral Emergency Operations Centre (EOC) to coordinate response activities at all levels. In combating this year’s outbreak, WHO is supporting the Nigerian government to coordinate technical assistance and operational support of partners including deployment of OneHealth Rapid Response Teams (NRRTs) to most affected LGAs. WHO has also mobilized experts to intervene in investigations, contact tracing, risk communication, and plans are underway

By Modupe Gbadeyanka Commissioner for Housing in Lagos State, Prince Gbolahan Lawal, has assured Lagosians that more of the Rent-To-Own/Rental Homes promised by the state Governor, Mr Akinwunmi Ambode, at the inception of his administration would soon be ready for allocation and occupation by allotted owners. Mr Lawal stated this recently while on working visits/inspections to some of the LagosHoms construction sites at Ajara Housing Estate, Badagry and Odo Onosa LagosHoms, Odo Ayandelu around Agbowa axis, as part of efforts to urge the contractors on the sites to hasten up the completion of the projects since Lagosians are eagerly awaiting