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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

TSA: Govt saves N108bn from bank charges

TSA: Govt saves N108bn from bank charges

The Federal Government has saved a total of N108.1bn from charges imposed by banks for managing funds belonging to its ministries, departments and agencies since the commencement of the Treasury Single Account in September 2015. The amount represents the various ...

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MTN wants electronic listing, reopens talks with SEC

MTN wants electronic listing, reopens talks with SEC

The Securities and Exchange Commission has resumed talks with MTN Nigeria over the telco’s planned listing on the floor of the Nigerian Stock Exchange. The Director-General, SEC, Mr. Mounir Gwarzo, told journalists in Lagos on Wednesday that the conversation had ...

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Govt officials received N400bn bribes in one year – NBS

Govt officials received N400bn bribes in one year – NBS

A total of N400bn was received in bribes by public officials within a period of one year, the National Bureau of Statistics said on Wednesday. The NBS stated this in its National Corruption Report, adding that 32.3 per cent of ...

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Osinbajo approves issuance of 615 land titles

Osinbajo approves issuance of 615 land titles

The Acting President, Yemi Osinbajo, on Tuesday gave an approval to the Minister of Power, Works and Housing, Babatunde Fashola, to sign 615 pending land titles for applicants. Fashola disclosed this to State House correspondents after a closed doors meeting ...

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Compliance audit: NPDC, BPE, Total among 15 lowest performers

Compliance audit: NPDC, BPE, Total among 15 lowest performers

The Nigeria Extractive Industries Transparency Initiative on Tuesday announced that its ongoing independent audit of the oil and gas industry covering 2015 recorded 94 per cent compliance by companies and relevant government agencies. According to the audit report, while 14 ...

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NCC audits telecom firms’ financial status

NCC audits telecom firms’ financial status

The Nigerian Communications Commission has commenced a financial health check on major telecommunications operators in the country. The commission’s Executive Commissioner, Mr. Sunday Dare, stated this on Tuesday during a corporate governance executive workshop organised by the regulator in Lagos. ...

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Graft: FG gets 5,000 tips from whistle-blowers

Graft: FG gets 5,000 tips from whistle-blowers

…approves new policy guidelines for contract execution The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said that the Federal Government had received a total of 5,000 tips from Nigerians through the whistle-blower policy. She said this in Abuja during ...

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Naira drops to 370 on lack of dollar supply

Naira drops to 370 on lack of dollar supply

The naira depreciated against the United States dollar at the parallel market on Tuesday to 370, down from 368/dollar on Monday. The local unit had closed at 367/dollar on Friday. The development followed lack of dollar sale by the Central ...

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Stocks fall by N294bn, near two-week low

Stocks fall by N294bn, near two-week low

The Nigerian stock market recorded a N294bn decline on Tuesday, nearing its lowest level in two weeks. The market was dragged down by losses in banking, cement and fast-moving consumer goods sectors, as some investors took profits from previous gains ...

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No Nigerian can evade tax payment with VAIDS – FIRS boss

No Nigerian can evade tax payment with VAIDS – FIRS boss

The Chairman, Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler says with the introduction of Voluntary Assets and Income Declaration Scheme (VAIDS), no Nigerian can evade tax payment. Fowler said this at the 138th Quarterly Meeting of the Joint Tax ...

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Dangote to invest $450m in agric in Niger State

Dangote to invest $450m in agric in Niger State

The President, Dangote Group, Alhaji Aliko Dangote, on Monday disclosed that the company would invest $450m in agriculture development in Niger State over the next three years Dangote, who made this known during the 2017 Niger State Investment Summit in Minna, ...

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Nigeria squandered $201.2bn in 10 years – NEITI

Nigeria squandered $201.2bn in 10 years – NEITI

In 10 years, Nigeria accumulated a total of $201.2bn in Excess Crude Account, which it squandered within the same period. The Nigeria Extractive Industries Transparency Initiative stated this in its Occasional Paper (Issue 2) made available to our correspondent in ...

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Lagos raises N85bn via bond for infrastructure

Lagos raises N85bn via bond for infrastructure

The Lagos State Government has raised N85.14bn in the Series 2 Bond Issuance for the purpose of improving physical and social infrastructure in the state. The Lagos State Commissioner for Finance, Mr. Akinyemi Ashade, was quoted in a statement on ...

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2018 budget: Beyond claims of agric financing

2018 budget: Beyond claims of agric financing

For the umpteenth time, the Federal Government has been reminded of its pledge and responsibility to drive the economy back to stability, use homegrown resources that are available to sustain growth and implement faithfully its fiscal plans, which include effective ...

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What Job Suits You?

What Job Suits You?

You have just graduated, and you are wondering “what job suits me”? Ideally, this should not occur if you have sufficient self-awareness and planning. But that is all water under the bridge now. Before I move on to find an answer to the ...

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Zenith Bank Records N75bn Profit, Declares N7.8bn Interim Dividend

Zenith Bank Records N75bn Profit, Declares N7.8bn Interim Dividend

Shareholders of Zenith Bank Plc have reasons to smile as the bank thursday announced an interim dividend of N7.8 billion for the half year ended June 30, 2017. The dividend, which translates to 25 kobo per share was declared following ...

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Credit access vital to economic recovery – Minister

Credit access vital to economic recovery – Minister

The Minister of State for Industry, Trade and Investment, Aisha Abubakar, says the Federal Government is aware of the enormous role the private sector plays in economic recovery process and is therefore committed to creating an enabling business environment in ...

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Bankers Committee inaugurates panel on N26bn SME fund

Bankers Committee inaugurates panel on N26bn SME fund

The Bankers Committee of the Central Bank of Nigeria on Thursday inaugurated a board to facilitate the disbursement of the N26bn equity fund meant for the growth of agriculture and small businesses in the country. The decision was made at ...

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N’Assembly will get 2018 budget in October, FG insists

N’Assembly will get 2018 budget in October, FG insists

The Minister of Budget and National Planning, Udo Udoma, on Thursday promised that the Federal Government would do everything in its power to ensure that the 2018 Appropriation Bill is submitted to the National Assembly in October as earlier promised. ...

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FG approves MTEF, targets 7% growth by 2020

FG approves MTEF, targets 7% growth by 2020

…to refinance $3bn T-bills with dollar debt The Federal Executive Council on Wednesday approved the 2018-2020 Medium-Term Expenditure Framework and Fiscal Strategy Paper, which hopes to achieve seven per cent growth rate by 2020. The Minister of Budget and National ...

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