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

Otedola: Shareholders, analysts foresee spike in FBNH share price

Otedola: Shareholders, analysts foresee spike in FBNH share price

Shareholders and analysts in the Nigerian capital market have projected a rise in the share price of FBN Holdings Plc as the tussle for controlling interest by the major investors in the company looks set to heighten. FBN Holdings, in …

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World Bank blacklists 18 Nigerian firms, individuals for corruption –Report

World Bank blacklists 18 Nigerian firms, individuals for corruption –Report

The World Bank has released a new report revealing a list of Nigerian companies and individuals involved in corrupt practices and fraud, Amarachi Orjiude and Sami Olatunji report The World Bank has blacklisted 18 Nigerian individuals and firms for engaging …

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Managing Your Money, Making it Do More – Pay for Your Future Priorities, Today not Tomorrow

Managing Your Money, Making it Do More - Pay for Your Future Priorities, Today not Tomorrow

By Hadassah-Esther Osimen Your priorities are very important. They are the things that matter to you in life. The things that you want to achieve, what to be remembered for, want to enjoy, etc. Your priorities are not someone else’s …

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MANAGING YOUR MONEY -Making it Do More: INVEST IN THINGS MONEY CANNOT BUY

MANAGING YOUR MONEY -Making it Do More: INVEST IN THINGS MONEY CANNOT BUY

By Hadassah-Esther Osimen Everyone can make money. When you lack money, it can be incapacitating. Begin with a mantra ‘No Excuses’. To realize that their are no excuses for lacking money is a useful mindset  that can help you continue …

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FG constructing 11,000 houses nationwide, says Fashola

FG constructing 11,000 houses nationwide, says Fashola

About 11,000 housing units are being constructed across the country by the Federal Government, the Minister of Works and Housing, Babatunde Fashola, has said. He said this on Thursday at the 10th meeting of the National Council of Lands, Housing …

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Heritage Bank: Reps threaten with takeover over debt, MD’s arrest

Heritage Bank: Reps threaten with takeover over debt, MD’s arrest

The House of Representatives, on Thursday, threatened that it will ask the Central Bank of Nigeria to take over the ownership of Heritage Bank of Nigeria for owing the Federal Government more money than its entire share capital. The threat …

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Elon Musk set to become first trillionaire on earth

Elon Musk set to become first trillionaire on earth

Elon Musk, the world’s richest person is estimated to have a net worth of $242 billion, according to the Bloomberg Billionaires Index. Although he is already the world’s richest person, he could also become the first member of the four-comma …

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CBN introduces N500m grant for undergraduates, graduates

CBN introduces N500m grant for undergraduates, graduates

The Central Bank of Nigeria has said it will support youths in tertiary institutions with grants to promote entrepreneurship and reduce unemployment. The CBN disclosed this on Wednesday in a report, titled ‘Guidelines for the implementation of tertiary institutions entrepreneurship …

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Profit-taking in large-cap stocks triggers N153bn loss

Profit-taking in large-cap stocks triggers N153bn loss

The equities market of the Nigerian Exchange Limited lost N153.15bn at the end of trading on Monday as investors took profits in large-cap stocks. The NGX All-Share Index declined by 0.71 per cent to 41,144.67bps from 41,438.15 basis points on …

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Nigeria producing $18bn cassava, missing in global market – FG

Nigeria producing $18bn cassava, missing in global market – FG

Nigeria produces 45 million metric tonnes of cassava, estimated at about $18bn annually but is not an active player in cassava trade in the international market, the Federal Government has said. The Minister of Industry, Trade and Investment, Niyi Adebayo, …

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FG budgets N104bn to maintain, purchase generators in 2022

FG budgets N104bn to maintain, purchase generators in 2022

Ministries, Departments and Agencies of the Federal Government will in 2022 spend an estimated N104bn on purchasing generators, fuelling and servicing them, media has learnt. The N104bn which will be spent on generators due to the country’s unstable power supply …

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FG personnel cost rises by 79.48%, gulps N13.2tn in four years

FG personnel cost rises by 79.48%, gulps N13.2tn in four years

The amount budgeted for personnel costs has increased from N2.29tn spent in 2019 to N4.11tn in the proposed 2022 budget, according to data obtained from the budget implementation report of the Federal Government. This shows an increase of N1.82tn or …

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LCCI to secure permanent site for trade fair to check costs

LCCI to secure permanent site for trade fair to check costs

The Lagos Chamber of Commerce and Industry (LCCI) has stated that it is close to organising its yearly Lagos International Trade Fair on its permanent site. Indeed, the Organised Private Sector (OPS) stated that it costs the chamber so much …

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Oscar Onyema resigns from NGX board

Oscar Onyema resigns from NGX board

The Group Chief Executive Officer of the Nigerian Exchange Group Plc, Mr Oscar Onyema, has resigned as a non-executive director on the board of the Nigerian Exchange Limited. The NGX Exchange made this known in a statement on Thursday after …

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FG shortlists 10,000 youths for investment loans

FG shortlists 10,000 youths for investment loans

The Federal Ministry of Sports and Youths Development on Wednesday said 10,000 out of the three million youths who applied for the Nigeria Youth Investment Fund have been shortlisted. The Youth Development arm of the ministry said this in a …

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Senate probes Budget Office over N19bn payment without approval

Senate probes Budget Office over N19bn payment without approval

The Senate on Tuesday commenced investigation into alleged illegal payment of N19bn to four federal agencies, by the Budget Office. Officials of the Budget Office did not appear before the Senate Public Accounts Committee. SPAC, relying on the 2016 report …

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Growing cryptocurrency adoption poses risk to global economy – IMF

Growing cryptocurrency adoption poses risk to global economy – IMF

The International Monetary Fund has said the growing adoption of cryptocurrencies pose risks to the global economy. The IMF said this in its ‘Global Financial Stability’ report released on Tuesday. It said the adoption of crypto assets and stablecoins in …

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Budget: FG allocates N4.2bn to moribund Ajaokuta Steel

Budget: FG allocates N4.2bn to moribund Ajaokuta Steel

The Federal Government has allocated the sum of N4.2bn to the Ajaokuta Steel Company Limited for the year 2022. This was disclosed in the 2022 budget details report obtained from the Budget Office. The PUNCH had earlier reported that the steel …

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Why Nigeria shunned debt service payment suspension – World Bank

World Bank blacklists 18 Nigerian firms, individuals for corruption –Report

The World Bank has said Nigeria and some other countries refused to participate in a temporary suspension of debt-service payments due to concerns about future access to debt and credit-rating downgrades. The bank disclosed this in the new International Debt …

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Anticipated Q3 earnings, dividends raise index by 1.62%

Anticipated Q3 earnings, dividends raise index by 1.62%

Ahead of the third quarter (Q3) earnings and accompanied dividend declarations, bargain hunting in tier-one banks, including FBN Holdings Plc and Ecobank Transnational Incorporated PLC buoyed transactions on the equities sector of the Nigerian Exchange Limited (NGX) last week, as …

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