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ASSETS & FINANCIALS

Assets and Financial is MMS Plus featured news items on the capital and money market. It takes you into the financial and stock world, with company performance measurement

PenCom Orders PFAs To Return 5% Retirees’ Fund

PenCom Orders PFAs To Return 5% Retirees’ Fund

The National Pension Commission has directed the Pension Fund Administrators to pay additional 5% lump sum to retirees that were initially paid 20% of total balance in their Retirement Savings Accounts (RSA) on retirement. Those whose lump sum payment was ...

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Access Bank Raises N800m to Support Vulnerable Children

Access Bank Raises N800m to Support Vulnerable Children

Access Bank Plc has raised $2.2 million (N800 million) to support vulnerable children during the finale of the annual Access Bank’s UNICEF Charity Shield Polo tournament in partnership with Fifth Chukker held at the prestigious Guards Polo Club, Windsor, United ...

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CBN Unfolds Single-digit Loan Scheme for Agric, Real Sector

CBN Unfolds Single-digit Loan Scheme for Agric, Real Sector

· Bank CEOs upbeat over economic stabilisation policy . Nigeria Earned N77.74bn from External Reserves Management The Central Bank of Nigeria (CBN) and the Bankers’ Committee thursday agreed to offer single-digit interest rate loans to operators in the manufacturing and ...

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Currency swap deal’ll prevent substandard products importation — CBN

Currency swap deal’ll prevent substandard products importation — CBN

The Central Bank of Nigeria on Wednesday said it was not possible for any importer to bring in substandard products into the country under the currency swap agreement recently signed with the People’s Bank of China. The apex bank said ...

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Investors stake N100bn on FGN bonds

Investors stake N100bn on FGN bonds

The Debt Management Office said subscribers staked more than N100bn on FGN Bonds, which it issued on Wednesday. According to the agency, although it offered N90bn bonds, investors oversubscribed the offer by more than N10bn. More than N100bn raised at ...

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MTN Secures N200bn Loan from 12 Nigerian Banks

MTN Secures N200bn Loan from 12 Nigerian Banks

First Bank of Nigeria Limited wednesday led 12 local banks to sign a N200 billion loan facility for MTN Nigeria. The other banks involved in the deal are Union Bank of Nigeria Plc, Citibank, Diamond Bank Plc, Ecobank, Fidelity Bank ...

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Why FG created alternative funding for exporters of non-oil products, by NEPC

Why FG created alternative funding for exporters of non-oil products, by NEPC

The Nigerian Export Promotion Council (NEPC) has explained that bureaucratic bottlenecks in accessing funds for export of non-oil products, made the Federal Government to create a new funding scheme. NEPC’s Executive Director, Mr. Olusegun Awolowo, disclosed this in Enugu at ...

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Global survey ranks Lagos third least liveable city

Global survey ranks Lagos third least liveable city

Lagos has been ranked third among the ten least liveable cities in the world. This was contained in the 2018 Global Liveability Index released by The Economist Intelligence Unit and World Bank. The report, which rated Lagos 138th of the ...

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2m Nigerians to Get Collateral-free Loans in FG’s New Micro Credit for Petty Traders

2m Nigerians to Get Collateral-free Loans in FG’s New Micro Credit for Petty Traders

In a determined bid to further enlarge its financial inclusion agenda for all Nigerians regardless of social class and economic status, the Muhammadu Buhari administration has launched a new initiative under the Government Enterprise and Empowerment Programme (GEEP). The initiative, ...

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AfDB Harps on Technology to Optimise Farmers’ Output

AfDB Harps on Technology to Optimise Farmers’ Output

The President of the African Development Bank Group, Mr. Akinwumi Adesina, has stressed the need to give farmers across the continent new technologies with the potential to transform agricultural production. Adesina said technology transfer was needed immediately, adding that evidence ...

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BOI Partners Fidelity Bank, Ford Foundation on Aba Leather Cluster

BOI Partners Fidelity Bank, Ford Foundation on Aba Leather Cluster

Determined to promote Made–in–Nigeria products capable of meeting international standards for both export and local consumption, the Bank of Industry (BOI) has provided the sum of N400 million to be made available quarterly for the benefit of over 300 members of the Leather ...

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Embrace Life Insurance, Adeosun Tells Nigerians

Embrace Life Insurance, Adeosun Tells Nigerians

The Minister of Finance, Mrs Kemi Adeosun has urged Nigerians to key into the various economic developmental initiatives of the federal government through adequate insurance planning in order to build strong financial plans for their future. The minister noted that life insurance holds ...

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SEC Extends Multiple Subscription Regularissation Deadline to December

SEC Extends Multiple Subscription Regularissation Deadline to December

The Acting   Director General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk last Friday urged   investors in the capital market that bought shares with different names to regularise their accounts in order to get benefits from their investments. ...

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$43m Debt: Shareholders Reject Sale Of 9Mobile

$43m Debt: Shareholders Reject Sale Of 9Mobile

Shareholders of 9Mobile have cautioned the Central Bank of Nigeria, the Nigerian Communications Commission and others involved in an ongoing negotiation to sell the telecommunication firm not to proceed with the transaction in view of a pending case before the ...

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Operating surplus: Defaulting MDAs may face sanctions

Embrace Life Insurance, Adeosun Tells Nigerians

The Minister of Finance, Mrs. Kemi Adeosun, wants sanctions to be imposed on the Ministries, Departments and Agencies of the government that fail to remit their operating surplus appropriately to the Consolidated Revenue Fund. Speaking at the inauguration of a ...

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LSETF, UNDP to commence training for unemployed youths

LSETF, UNDP to commence training for unemployed youths

The Lagos State Employment Trust Fund in collaboration with the United Nations Development Programme has revealed plans to commence vocational training for unemployed and underemployed youths. The LSETF, in a statement on Wednesday, described the training as a reiteration to ...

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CBN Pumps $23.2bn into Forex Market in 17 Months

CBN Pumps $23.2bn into Forex Market in 17 Months

The Central Bank of Nigeria (CBN) has injected a total of $23.257 billion into the interbank segment of the foreign exchange (forex) market since it commenced its intervention in February last year, figures compiled by THISDAY have shown. Media had ...

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FMBN begins zero equity for housing loan subscribers

FMBN begins zero equity for housing loan subscribers

The Federal Mortgage Bank of Nigeria (FMBN), has commenced the implementation of the new approved conditions for accessing loans from the National Housing Fund (NHF). This includes zero equity contribution for the provision of housing loans of up to N5million ...

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Africa50 mobilises funds for $108b yearly infrastructure gap

Africa50 mobilises funds for $108b yearly infrastructure gap

Africa50 has emerged a key player in driving infrastructure investments with commercial rates of return in the region, in effort to bridge the continent’s infrastructure financing gap estimated at $108 billion, after two years operations. The infrastructure investment platform that ...

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CBN Introduces Intervention Programmes to Support Economy

CBN Introduces Intervention Programmes to Support Economy

The Sokoto State Branch Coordinator of the Central Bank of Nigeria (CBN), Alhaji Dahiru Usman, has said the bank has introduced some strategic intervention programmes to support the Nigerian economy. Usman made the disclosure yesterday at a sensitisation programme organised ...

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