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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 for fresh $3b World Bank power loan

Nigeria for fresh $3b World Bank power loan

The Minister of Finance, Mrs. Zainab Ahmed, yesterday said the Federal Government’s request for a $3 billion World Bank loan to finance the power sector was at the verge of being granted.The News Agency of Nigeria (NAN) quoted her making ...

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Sealed marts: Car dealers demand N10bn, LCCI berates customs

Sealed marts: Car dealers demand N10bn, LCCI berates customs

An association of car dealers in Lagos State has asked the Nigeria Customs Service to immediately open their sealed car marts and pay them N10bn compensation within 30 days or be ready to face a court action. The NCS had ...

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CBN opposes MTN over mobile banking transaction access

CBN opposes MTN over mobile banking transaction access

The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has kicked against MTN Nigeria’s plan to start charging its subscribers for Unstructured Supplementary Service Data access to banking services from Monday (today). The governor said this during a media briefing ...

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FG, States, LGs Share N693.529bn For September

FG, States, LGs Share N693.529bn For September

The Federation Account Allocation Committee has shared a total of N693.529bn to the three tiers of government for the month of September 2019. The amount comprises revenue from the Value Added Tax, exchange gain and gross statutory revenue. FAAC also ...

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NSE Calls For Increased Collaboration With Market Operators

NSE Calls For Increased Collaboration With Market Operators

The Nigerian Stock Exchange has called for an increase in collaboration with capital market operators. The Chief Executive Officer, NSE, Mr Oscar Onyema, while speaking during the closing gong ceremony of the Association of Securities Dealing Houses of Nigeria, restated ...

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IT Projects In MDAs Recorded Massive Failure – NITDA

The National Information Technology Development Agency has revealed that ‘wide-scale failure’ was recorded in information technology projects executed by the ministries, departments and agencies of the Federal Government. The Director-General of the agency, Kashifu Abdullahi, disclosed this at a Public ...

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Nigeria must end reliance on oil to fight poverty – IMF

Nigeria must end reliance on oil to fight poverty – IMF

The Managing Director of the International Monetary Fund, Ms Kristalina Georgieva, has said that there is a need for the Federal Government to diversify the economy from the oil in order to reduce the level of economic vulnerabilities currently facing ...

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N25.7tn debt: Experts oppose IMF’s call for tax hike, say Nigerians overburdened

N25.7tn debt: Experts oppose IMF’s call for tax hike, say Nigerians overburdened

• Increasing tax will help FG to off set debts, execute projects – Fund • LCCI, don, others advise government to widen tax net Finance experts, Lagos Chamber of Commerce and Industry, a university don, among others, have disagreed with ...

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IMF recommends unified exchange rate for Nigeria

IMF recommends unified exchange rate for Nigeria

The International Monetary Fund has advised the Central Bank of Nigeria to unify the country’s exchange rate system in order to avoid situations where public and private sector decisions are distorted due to uncertainties. It also said there was a ...

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Border closure pushed inflation to 11.24% – NBS

Border closure pushed inflation to 11.24% – NBS

The Consumer Price Index released by the National Bureau of Statistics on Tuesday showed inflation index rose to 11.24 per cent in September, barely a month after the border closure. The 11.24 per cent represents an increase of 0.22 per ...

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FG spent N3.3tn in six months, says minister

FG, States, LGs Share N693.529bn For September

The Federal Government has spent the sum of N3.39tn within the first six months of this year to finance the 2019 budget. She gave the indication in Abuja on Monday during a public presentation of the 2020 budget, which was ...

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Rising public debt, weak economy worry bankers

Rising public debt, weak economy worry bankers

Bankers in the country have expressed worries over the unabated rise in the Federal Government’s debt profile. This was part of the submission of members at the recent Monetary Policy Committee meeting of the Central Bank of Nigeria. Part of ...

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BDC operators seek cut in cashless processing fees

BDC operators seek cut in cashless processing fees

The Association of Bureaux De Change Operators of Nigeria has called for a downward review of the cash processing fees introduced by the Central Bank of Nigeria under the cashless policy. In ABCON’s quarterly economic review for third quarter of ...

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IMF Advises Nigeria On Reducing Vulnerabilities, Boosting Growth

Nigeria must end reliance on oil to fight poverty – IMF

 The International Monetary Fund (IMF) has advised the federal government to take action on a coherent and coordinated set of policies to urgently reduce vulnerabilities and increase growth over the medium term. The advice was contained in the report of ...

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FG Advises State Governments To Key Into CBN’s AADS

FG Advises State Governments To Key Into CBN’s AADS

Ministry of Budget and National Planning, has urged State Governments to key into the Central Bank of Nigeria, CBN Accelerated Agriculture Development Scheme AADS as part of the effort towards the diversification of the country’s economy through agriculture. CBN Permanent ...

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Budget: 85% VAT Going To States, LGAs

Budget: 85% VAT Going To States, LGAs

The Minister of Works and Housing, Babatunde Fashola, has said that 85 per cent of the Value Added Tax to be raised in the 2020 budget will go back to the states and local governments areas to take care of ...

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13 States Raise N346bn From Bonds

A total of 13 states raised N346bn revenue from bonds between 2013 and 2017, data obtained from the Securities and Exchange Commission showed. An analysis of the data revealed that Lagos State Government topped the list with a total of ...

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‘Nigeria, third largest recipient of FDI in Africa’

‘Nigeria, third largest recipient of FDI in Africa’

Nigeria has been ranked the third largest recipient of foreign direct investment in Africa, data from Ernst & Young has shown. The EY Africa Attractiveness Survey 2019 Report, which was launched in Lagos on Wednesday, showed that FDI inflow into ...

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‘Nigeria can generate $292bn from iron ore, lead’

The Nigerian Institution of Metallurgical, Mining and Materials Engineers on Thursday said available reserves of iron ore and lead in the country could generate about $292bn. Chairman of NIMMME, Ayodeji Adeyemo, who spoke during his investiture on Thursday, said it ...

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Senators fault Buhari’s budget, vow overhaul

Senators fault Buhari’s budget, vow overhaul

• Lament higher debt servicing, lower capital expenditure • Say projection on increased oil production flawed • Fiscal plan is focused, APC chieftain insists Senators yesterday criticised the N10.33 trillion 2020 budget presented by President Muhammadu Buhari for lacking the capacity to ...

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