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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

5 Tips for Achieving Financial Security

5 Tips for Achieving Financial Security

When it’s time for you to retire, will you be able to afford it? Almost all of the research conducted on the subject, over the last few years, shows that most individuals are unable to demonstrate financial readiness for their ...

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CBN’ll use BVN to blacklist loan defaulters –Emefiele

CBN’ll use BVN to blacklist loan defaulters –Emefiele

The Central Bank of Nigeria under the auspices of the Bankers’ Committee has concluded plans to use the Bank Verification Number of customers to blacklist loan defaulters from accessing further loans in the nation’s banking system. The CBN Governor, Mr. ...

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FG to Track Donor Funds through Annual Budgets

FG to Track Donor Funds through Annual Budgets

To make for effective national planning, funds from donor agencies into the country for ministries, departments and agencies (MDAs) will now be reflected in annual budgets. Although the modalities for going about it is still unclear, a top government official ...

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CBN Plans Revival of Moribund Manufacturing Companies with N500bn

CBN Plans Revival of Moribund Manufacturing Companies with N500bn

GDP must grow above 4% to affect lives of Nigerians, says Emefiele Fitch cuts Nigeria’s 2017 GDP growth forecast to 1% Determined to significantly boost the contribution of the non-oil sector to Nigeria’s Gross Domestic Product (GDP), the Central Bank ...

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Oando probe: I won’t succumb to blackmail, Adeosun

Oando probe: I won’t succumb to blackmail, Adeosun

The Minister of Finance, Mrs Kemi Adeosun, on Friday said no amount of blackmail by the suspended Director-General of the Securities and Exchange Commission, Mr Mounir Gwarzo, would make her stop the Administrative Panel of Inquiries probe of the embattled ...

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CBN, others to develop roadmap for 80% financial inclusion

CBN, others to develop roadmap for 80% financial inclusion

  The Central Bank of Nigeria (CBN) and other participating agencies in the Financial System Strategy 2020 (FSS-20) are set to develop a roadmap for 80 percent of Nigerians to have access to financial services by year 2020. CBN Governor, ...

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FG May Sell off 2,000 Houses in Abuja over Tax Avoidance

FG May Sell off 2,000 Houses in Abuja over Tax Avoidance

 Harvests N17bn from VAIDS in five months The federal government disclosed thursday that it has uncovered 2,000 houses in Abuja whose owners are not paying taxes on them, giving an indication it may soon dispose off the property after securing ...

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W’Bank Board to consider $1bn for Nigeria’s power sector

W’Bank Board to consider $1bn for Nigeria’s power sector

Federal Government officials and their World Bank counterparts on Wednesday agreed on the necessary steps to be taken before the presentation of Nigeria’s request for $1bn for consideration by the executive board of the institution. In a statement issued after ...

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W’Bank gives Nigeria N107.4bn loan for rural electrification

W’Bank gives Nigeria N107.4bn loan for rural electrification

The World Bank on Tuesday announced the provision of a $350m loan (N107.4bn at the official exchange rate of N307 to a dollar) for the development of rural electrification projects in Nigeria. It also announced Nigeria’s Rural Electrification Agency as ...

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Dangote Emerges Only African on Bloomberg’s List of 50 Most Influential People

Dangote Emerges Only African on Bloomberg’s List of 50 Most Influential People

President of Dangote Group Aliko Dangote has emerged the only African to make the Bloomberg list of 50 most influential people in the world this year. Bloomberg on Monday announced The Bloomberg 50, a new annual, multi-platform initiative that honours ...

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Buhari, Saraki, Dogara Meet to Fast-track Passage of 2018 Budget

Buhari, Saraki, Dogara Meet to Fast-track Passage of 2018 Budget

• N’Assembly approves MTEF, increases oil benchmark to $47/b • Appropriation Bill passes second reading Barring any unforeseen circumstances, there are indications that the legislature is set to accede to the request by the executive for the passage of the ...

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SEC to Resume Oando Forensic Audit from Wednesday

SEC to Resume Oando Forensic Audit from Wednesday

• House seeks Gwarzo’s reinstatement pending investigation In a nod to the U-turn made by the Minister of Finance, Mrs Kemi Adeosun, to allow the forensic audit into the activities of Oando Plc to go ahead, the Securities and Exchange ...

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External Reserves Hit Four-year High of $38.2bn on the Back of Eurobond Issue

CBN’ll use BVN to blacklist loan defaulters –Emefiele

• CBN to draft credit framework for SMEs, pumps $210m into FX market Following the success of the $3 billion Eurobond issue by the federal government last month, coupled with higher oil prices and production, the Central Bank of Nigeria ...

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Nigeria Seals Deal with Switzerland to Return $321m Abacha Loot

Nigeria Seals Deal with Switzerland to Return $321m Abacha Loot

Nigeria and Switzerland have sealed a Memorandum of Understanding (MoU) for the return of $321 million traced to the late former military Head of State, General Sani Abacha, The Cable reported on Monday. The deal was signed on behalf of ...

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Dangote Crashes Cement Price Online, Partners Jumia

Dangote Crashes Cement Price Online, Partners Jumia

In a new move designed to reduce price and ease logistics inherent in the purchase of its products, the management of Dangote Cement Plc has signed a pact with the e-commerce platform Jumia Nigeria to sell its cement to customers ...

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Stanbic IBTC Retains AAA National Fitch Ratings

Stanbic IBTC Retains AAA National Fitch Ratings

Stanbic IBTC Bank PLC and its holding company, Stanbic IBTC Holdings PLC, have retained their AAA national ratings by Fitch Ratings, the global leader in credit ratings, reaffirming their strong fundamentals and stability, especially the ability to meet their financial ...

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9mobile Denies Speculations of Barclays Withdrawal as Financial Adviser

9mobile Denies Speculations of Barclays Withdrawal as Financial Adviser

Contrary to the rumour making the rounds that Barclays Africa has pulled out as the financial adviser to 9mobile investment process that will lead to the sale of the telecoms company to a willing and credible investor, the Board of ...

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CBN Injects $14.2bn into FX Market in Nine Months

CBN Injects $14.2bn into FX Market in Nine Months

Dealers foresee stronger naira The Central Bank of Nigeria (CBN) has injected a total of $14.184 billion into the interbank segment of the foreign exchange (FX) market since it started its forays in the market in February this year, figures ...

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Ovia: Emefiele is Nigeria’s Best CBN Governor Ever

Ovia: Emefiele is Nigeria’s Best CBN Governor Ever

The Chairman of Zenith Bank Plc, Mr. Jim Ovia has described the University of Nigeria, Nsukka (UNN) as a training ground for capable and committed change agents, saying this was evident in the quality and capacity of the Governor of ...

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5 Powerful Habits for Building a Growth Mindset

What if you could build just a few small habits that would change your life for the better? What if any goal were achievable? What if someone told you it was possible to live your dreams? The truth: You can ...

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