04
OctThe Central Bank of Nigeria (CBN) has announced the introduction of the Electronic Foreign Exchange Matching System (EFEMS) for Foreign Exchange transactions in the Nigerian Foreign Exchange Market (NFEM). This system is set to be implemented no later than December 1, 2024, with a two-week test run scheduled for November. According to the CBN, the new system […]
04
OctIt was a bearish session on the floor of the Nigerian stock market on Thursday as The All Share Index was down by 1.19% to close at 97,064.42 points from the previous close of 98,232.39 points. The Market Capitalisation declined by 1.19% to close at N55.777 trillion from the previous close of N56.448 trillion, thereby shedding N671[…]
25
SepFlour Mills of Nigeria Plc has notified the Nigerian Exchange and its stakeholders that it has received an offer from its majority shareholder, Excelsior Shipping Company Limited, to acquire all shares held by minority shareholders in Flour Mills. The transaction will be executed through a Scheme of Arrangement between the company and its shareholders. The company has[…]
