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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

Nigeria, Norway seek stronger ties as trade hits $30 billion

Nigeria, Norway seek stronger ties as trade hits $30 billion

With Nigeria being Norway’s largest trade partner on the continent, both economies have stressed the need to strengthen the bilateral ties even further.Indeed, both economies with apparently the same Gross Domestic Product (GDP) size believe that fresh investment opportunities abound ...

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‘Sustained policies, funding to boost contribution of mining to GDP’

‘Sustained policies, funding to boost contribution of mining to GDP’

Stakeholders in the mining sector, primarily from the PricewaterhouseCoopers (PwC) Nigeria yesterday in Abuja, said the nation will witness significant increase in Gross Domestic Product (GDP) if efforts being made to address challenges in the mining sector are sustained. Speaking ...

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Government to indemnify re-concessioning of Lagos Trade Fair complex

Government to indemnify re-concessioning of Lagos Trade Fair complex

The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah has said that the Federal Government was ready to provide indemnity to ensure that the re-concessioning of the Lagos International Trade Fair Complex (LITFC) is successful. Speaking at the kick-off ...

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CBN, institute task risk managers on Fintech threats

CBN, institute task risk managers on Fintech threats

As fintech continues to revolutionalise financial services in Nigeria, the Central Bank of Nigeria (CBN) and the Chartered Institute of Bankers of Nigeria (CIBN) have advised risk managers to stay ahead of trends and step up their risk management mechanisms ...

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Dangote Cement introduces BlocMaster to end building collapse

Dangote Cement introduces BlocMaster to end building collapse

As part of efforts to end cases of building collapse in the country, Dangote Cement has come out with Dangote BlocMaster Cement. According to the group managing director, Joe Makoju, the 42.5R cement grade innovation will also translate into more ...

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Government affirms new strategy for revenue, debt management

Government affirms new strategy for revenue, debt management

The Minister of Budget and National Planning, Senator Udoma Udoma and the Director-General of Debt Management Office (DMO), Ms Patience Oniha, have told investors that there is a renewed plan and commitment to diversify the economy in efforts to raise ...

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Nigeria, India To Strengthen Bilateral Trade Ties

Nigeria and India have announced plans to strengthen bilateral trade ties. The Chairman, Nigerian Indian Chamber of Commerce and Industry, Chevalier Itsueli, who gave the indication, explained that there was a need to sustain the depth of the relationship, adding ...

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Minister Agrees With IMF On Nigeria’s Debt Weakness

Minister Agrees With IMF On Nigeria’s Debt Weakness

The Minister of Budget and National Planning, Senator Udo Udoma, on Thursday agreed with the International Monetary Fund on Nigeria’s debt vulnerabilities and stated that it was an issue that should be adequately monitored. Udoma, who spoke at the presentation ...

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FG Denies Agreeing to N30,000 Minimum Wage

FG Denies Agreeing to N30,000 Minimum Wage

Says its labour’s figure, proposes N24,000, private sector bids N25,000, states offer N20,000 The federal government wednesday in Abuja denied reports that it had acceded to N30, 000 as the national minimum wage. Briefing newsmen at the end of the ...

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FG releases N460 billion for 2018 budget

Government affirms new strategy for revenue, debt management

Four hundred and sixty billion naira has been released for the implementation of the 2018 budget, the Minister of Budget and National Planning, Udoma Udo Udoma, has disclosed. A statement by Mr. Paul Ella Abechi, the Special Adviser on Media ...

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No financial inclusion without technology, skills, say CBN, others

No financial inclusion without technology, skills, say CBN, others

The Central Bank of Nigeria (CBN) has said that the 80 per cent financial inclusion target set for 2020 cannot be achieved without investments in technology and requisite skills. Besides, the apex bank noted that financial inclusion must go beyond ...

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FG begins payment of N22.6bn to defunct Nigeria Airways workers

FG begins payment of N22.6bn to defunct Nigeria Airways workers

The Federal Government will on Monday, October 15, 2018 begin the final verification and payment of entitlements to former workers of the defunct Nigeria Airways. According to a statement by Paul Abechi, the special adviser on media and communications to ...

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IMF warns Nigeria of debt crisis, urges diversification

IMF warns Nigeria of debt crisis, urges diversification

The International Monetary Fund (IMF) yesterday warned Nigeria and Sub-Saharan African economies to check rising levels of debts, diversify their revenue bases or face crisis. Nigeria’s debt profile was N22.3 trillion as at June 30, 2018. About two-thirds of the ...

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MTN’s Shares up by 2% after CBN’s Hint on Fines Review

MTN’s Shares up by 2% after CBN’s Hint on Fines Review

MTN Group’s shares rose yesterday by 2.55 per cent in Johannesburg, South Africa, after the Central Bank of Nigeria (CBN) said it was considering reducing the $8.134 billion it fined the company in August, over alleged illegal repatriation of funds ...

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Osinbajo: 300,000 Market Women Benefited from N15.183bn Interest-free Loans

Osinbajo: 300,000 Market Women Benefited from N15.183bn Interest-free Loans

• Says spending N1tr on poor citizens will yield massive results The federal government yesterday in Abuja said it had given N15.183 billion interest-free loans to low income earners, including market women, artisans and farmers across the 36 states of the ...

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Operators fault government’s infrastructure financing involvement

Operators fault government’s infrastructure financing involvement

CIS pledges advocacy role to boost bourse Capital market operators have faulted government’s level of financial involvement in the provision of critical infrastructure, urging them to focus more on the formulation and implementation of policies that will impact positively on ...

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FG Gives over N4m as Start-up Fund to 17 Innovators at Edo Innovation Hub

FG Gives over N4m as Start-up Fund to 17 Innovators at Edo Innovation Hub

The federal government has given out over four million naira as start-up seed fund to 17 young innovators under the Social Investment Programme at the South-South Innovation Hub in Benin City, the Edo State capital. Speaking at the event, the ...

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NCC Vows to Protect Telecom Consumers

NCC Vows to Protect Telecom Consumers

The Executive Vice Chairman, Nigerian Communications Commission(NCC) Professor Umar Garba Dantatta has said the commission will continue to serve as a feedback mechanism for telecom consumers so as to avoid being exploited by service providers He also said the gesture ...

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Africa Loses $80bn to Illicit Financial Outflow, Says Mbeki

Africa Loses $80bn to Illicit Financial Outflow, Says Mbeki

Malami seeks travel ban on corrupt elements Fowler: 114 Abuja properties may be confiscated Chairman, African Union High Level Panel on Illicit Financial Flow (IFF) from Africa, Mr. Thabo Mbeki, yesterday lamented that the continent loses about $80 billion annually ...

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CBN Calls for Mobile Courts to Try Currency Hawkers

CBN Calls for Mobile Courts to Try Currency Hawkers

The Central Bank of Nigeria (CBN) yesterday disclosed plan to collaborate with the Ministry of Justice and other government agencies to establish mobile courts that will be charged with the responsibility of prosecuting currency hawkers and those in the habit ...

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