Home / ASSETS & FINANCIALS

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

Non-interest Banks to Bear Customers’ Repayment Risk in CACS

Non-interest Banks to Bear Customers’ Repayment Risk in CACS

The Central Bank of Nigeria (CBN) has amended the guidelines to the Commercial Agriculture Credit Scheme (CACS) which was set up to promote commercial agricultural enterprises in the country. Part of the amendment, which was posted on the Bank’s website ...

Read More »

FG to Preserve $1bn FX with Inauguration of Africa’s Largest Egg Plant

FG to Preserve $1bn FX with Inauguration of Africa’s Largest Egg Plant

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele and the Ondo State Governor, Mr. Rotimi Akeredolu are expected to in the coming days, jointly inaugurate a new Egg Powder Plant in Emure-Ile, near Owo, Ondo State established through ...

Read More »

Development Bank Unfolds Strategic Plans for MSMES

Development Bank Unfolds Strategic Plans for MSMES

The Development Bank of Nigeria (DBN) has unfolded a nationwide strategic plan for on-lending to millions of medium, small and micro enterprises (MSMEs) across the country. The DBN Managing Director, Mr. Tony Okpanachi, who spoke at the just concluded Kogi ...

Read More »

Adeosun Appeals for Global Cooperation against Tax-evading Multinationals

Adeosun Appeals for Global Cooperation against Tax-evading Multinationals

The Minister of Finance, Mrs. Kemi Adeosun, has called for the designation of tax malpractices by multinational corporations in Nigeria and other developing countries as ‘foreign corrupt practices’. She called on global organisations including the Organisation for Economic Cooperation and ...

Read More »

Forensic Audit Shows Massive Under-Remittances By Revenue Agencies

Forensic Audit Shows Massive Under-Remittances By Revenue Agencies

The National Economic Council, NEC, said on Thursday,  the final report on the forensic audit of revenue accruals by revenue generating agencies confirmed massive under-remittances to government coffers. The Deputy Governor of Lagos State, Idiat Adebule, who presented the report ...

Read More »

Nigeria Floats $2.5 Billion Dual Eurobonds

Nigeria Floats $2.5 Billion Dual Eurobonds

The Federal Government has floated 2.5 billion dollars aggregate Eurobonds under its Global Medium Term Note Programme. A statement obtained from the website of Debt Management Office (DMO) on Friday in Abuja, said that the bonds comprised 1.25 billion dollars ...

Read More »

Inflation Declines for 12th Consecutive Month to 15.13%

Inflation Declines for 12th Consecutive Month to 15.13%

For the twelfth consecutive month, inflation rate has continued a downward trajectory, recording a slowdown from 15.37 per cent in December 2017 to 15.13 per cent in January 2018, a 0.24 percentage points decrease. According to latest figures released by ...

Read More »

Foreign Reserves Rally to $42.8bn

Foreign Reserves Rally to $42.8bn

As CBN, rice farmers move to add 2mt to national output Banks disburse N55bn under Anchor Borrowers’ Programme Nigeria’s external reserves rallied to a new high of $42.8 billion on Tuesday with confidence returning to the economy as the continuing ...

Read More »

CBN Sustains Forex Injection with $210m

CBN Sustains Forex Injection with $210m

Confusion over abokifx.com false parallel market rate The interbank foreign exchange market has received the sum of $210million from the Central Bank of Nigeria (CBN), to meet customers’ requests in various segments of the market. In its determination to meet ...

Read More »

Adeosun to Address UN, OECD’s Conference on Tax, Revenue Leakages

Adeosun to Address UN, OECD’s Conference on Tax, Revenue Leakages

The Minister of Finance, Mrs. Kemi Adeosun, has been invited by the Organisation for Economic Cooperation and Development (OECD) to speak at the Platform for Collaboration on Tax Conference at the United Nations (UN) Headquarters in New York, United States ...

Read More »

OPS Faults FIRS On Property Valuation

OPS Faults FIRS On Property Valuation

Members of the Organized Private Sector have faulted the property valuation/assessment being undertaken by the Federal Inland Revenue Service, describing it as double taxation. The OPS comprises the Manufacturers Association of Nigeria, the Nigerian Association of Small and Medium Enterprises, ...

Read More »

Adeosun: Regular Tax Payments, Fundamental to Nigeria’s Growth

Adeosun: Regular Tax Payments, Fundamental to Nigeria’s Growth

Says 56m economically active citizens not tax-compliant The Minister of Finance, Mrs. Kemi Adeosun, has declared that regular payment of taxes by Nigerians was fundamental to the growth and development of the country. She pointed out that predictable tax revenue ...

Read More »

Austria Sets to Repatriate over 1,000 Nigerians

Austria Sets to Repatriate over 1,000 Nigerians

The government of Austria thursday unveiled of plans to repatriate about 1,000 Nigerian irregular migrants in that country after the completion of a training programme underway. The country’s Director General, International Centre for Migration Policy Development (ICMPD), Michael Spindelegger, who ...

Read More »

Signposting Confidence, Nigeria’s FX Inflow Hits $30.45bn in Q4

Signposting Confidence, Nigeria’s FX Inflow Hits $30.45bn in Q4

In a mark of rising confidence in the Nigerian economy, aggregate foreign exchange (FX) inflow into the economy grew to $30.45 billion in the fourth quarter (Q4) of 2017, indicating an increase by 14.5 per cent, compared to the preceding ...

Read More »

FG Targets N762.5bn Earnings from $2.5bn Eurobond to Finance Treasury Bills

FG Targets N762.5bn Earnings from $2.5bn Eurobond to Finance Treasury Bills

To save N64bn annually from dollar-backed TBs The federal government wednesday in Abuja said its proposed $2.5 billion Eurobond already approved by the National Assembly would yield N762.5 billion proceeds for the refinancing of treasury bills. According to the government, ...

Read More »

Google Ranks Nigeria among Top Three in Global Online Search

Google Ranks Nigeria among Top Three in Global Online Search

A recent research conducted by Google has showed a rapid increase in online search among Nigerians. The research study which ranked Nigeria among the top three countries of the world that spend quality time online in search of various goods ...

Read More »

MTN Plans$500m Share Sale in Nigeria

MTN Plans$500m Share Sale in Nigeria

The MTN Group plans to raise about $500 million from the sale of shares in its Nigerian business during the first half of the year, fulfilling the terms of a deal struck with the West African nation to settle a ...

Read More »

FG to Launch Fresh Initiative on ERGP to Boost Job Creation Today

FG to Launch Fresh Initiative on ERGP to Boost Job Creation Today

The federal government said on Monday that it would today inaugurate what it termed Joint Working Group for the Economic Recovery and Growth Plan (ERGP) Focus Labs in the State House, Abuja to boost economic growth. A statement by Vice President Yemi Osinbajo’s ...

Read More »

Gwarzo: SEC Board Approved Golden Handshake for Voluntary Retirees

Gwarzo: SEC Board Approved Golden Handshake for Voluntary Retirees

The suspended Director-General (DG) of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo, has defended the voluntary retirement scheme for some staff of the commission in 2015 christened the ‘Golden Handshake’, saying the board of SEC approved the exercise. ...

Read More »

FG: Agriculture Has Created Seven Million Jobs

FG: Agriculture Has Created Seven Million Jobs

Over seven million jobs have been created through engagements in the agricultural sector, particularly the Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme, the Minister of Information and Culture, Lai Mohammed, has said. He made this disclosure at the weekend  in ...

Read More »