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
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Reps Probes Tax Deductions, Multiple Charges By Banks
The House of Representatives has inaugurated an ad-hoc committee to investigate growing concerns over excessive tax deductions from the earnings…
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Questions And Answers On Nigeria’s New Tax Law
The Nigeria Tax Act 2025, signed into law by President Bola Tinubu in June, will come into force on January…
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High Interest Rates Discourage 51% Informal Businesses From Loans – Report
More informal businesses in Nigeria are turning away from credit due to rising interest rates and stricter lending conditions. The…
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Nigeria To Relaunch Currency Trade Scheme After Setback – CBN
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that Nigeria is developing a new framework to…
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Nigeria Missing As IMF Lists Africa’s Fastest-Growing Economies
The International Monetary Fund has revealed that Nigeria is not among Africa’s fastest-growing economies, as countries such as Benin Republic,…
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Naira Dips Third Consecutive Day To N1,473.29/$
The naira dipped for the third consecutive day as it closed trading on Wednesday at N1,473.29/$. From the start of…
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EU, Nigeria Seal N320bn Credit Deal For Agriculture Boost
Nigeria’s agricultural sector is set for a major financing boost as the European Union has approved a €190 m (about…
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Dangote Cement Begins Ivory Coast Operations
Dangote Cement has officially launched its operations in Attingué, some 30 kilometres from Abidjan, Ivory Coast. According to a statement…
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NDIC Cautions Public On Fraudulent Investment Schemes
The Nigeria Deposit Insurance Corporation has urged Nigerians to be more vigilant against fraudulent investment schemes and Ponzi operations, warning…
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Nigeria’s Eight-Month Debt Service Bill Hits $2.86bn – CBN
Nigeria spent a total of $2.86bn servicing external debt in the first eight months of 2025, according to the international…
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Sterling Bank Scraps Account Maintenance Fees
Sterling Bank has announced the removal of account maintenance fees on all personal accounts, a move it described as a…
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FHA Mortgage Bank Unveils N100bn Expansion Plan
The Federal Housing Authority Mortgage Bank has unveiled an ambitious expansion plan to strengthen its role in Nigeria’s housing finance…
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BUA Boss Predicts Naira Will Strengthen To ₦1,400 By Year-End
Abdul Samad Rabiu, president of BUA Group, has predicted that the naira will strengthen to between ₦1,300 and ₦1,400 to…
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Naira Abuse Inflates Printing Expenses, CBN Warns
The Central Bank of Nigeria has raised the alarm that the abuse and poor handling of naira banknotes are significantly…
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New Tariffs, Conflicts Threaten Global Supply Chains – UNCTAD
Global supply chains are facing growing risks from new trade tariffs and geopolitical conflicts, with the shipping industry experiencing significant…
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FX Reserves Hit $42bn, Highest In Six Years
Nigeria’s external reserves climbed to their strongest level in six years, crossing the $42bn mark for the first time since…
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NBS Announces 4.23% Economic Growth, Labour Disagrees
Nigeria’s Gross Domestic Product rose by 4.23 per cent year-on-year in real terms in the second quarter of 2025, according…
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FG Collects N600bn VAT From Facebook, Others
The Special Adviser on Tax Policy to the Chairman of the Tax Reforms Committee, Mr Mathew Osanekwu, has revealed that…
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FIRS Taps EFCC To Enforce Tax Compliance
The Federal Inland Revenue Service has said that the Economic and Financial Crimes Commission is key in its drive to…
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Lending Rates May Fall As Inflation Eases – CBN
The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has hinted that lending rates may decline in the…
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