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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Subscribers Reject 50% Tariff Hike, Threaten To Sue NCC
The National Association of Telecoms Subscribers says it will sue the Nigerian Communications Commission over the 50 per cent tariff…
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FG Budgets N207m To Establish Fish Feed Mills
The Federal Government, through the Ministry of Marine and Blue Economy, has budgeted N207.3m for the construction of a local…
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Yuletide: CBN Fines Nine Banks N1.35bn For ATM Cash Scarcity
The Central Bank of Nigeria has sanctioned nine Deposit Money Banks with fines totalling N1.35bn for failing to ensure cash…
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Investors Lose N51bn As Equity Market Shrinks
In a mixed trading session on the Nigerian Stock Exchange on Monday, investors saw a loss of N51bn in market…
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11 Banks Market Capitalisation Hit N7.90tn
Eleven Nigerian banks have seen a total market capitalisation of N7.90 tn. According to Prices for Securities Traded on Monday,…
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Tariff Hike: Telcos, ICT Firms Owe Banks N1.69tn
Information, communication, and technology firms, including telecommunications companies in Nigeria, owed Deposit Money Banks N1.69tn as of September 2024 amid…
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Nigeria Secured $7.6bn Investments At Africa Forum – Adesina
Nigeria has secured $7.6bn in investment interests at the Africa Investment Forum 2024, which took place in Rabat, Morocco, from…
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Equity Market Gains N1.14tn
Investors gained about N1.14tn on bullish sentiments on the Nigerian Exchange Limited last week. The All-Share Index appreciated by 1.80…
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FG To Strengthen Capital Market For Wealth Creation
The federal government has reaffirmed its commitment to strengthening Nigeria’s capital market as a critical driver of economic growth…
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FX Crisis, Weak Naira Threatening SMEs’ Survival –Economists
Economic experts have raised the alarm that Nigeria’s forex policies and the weak naira are endangering the survival of Small…
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CBN Suspends Export Proceeds Repatriation Extension
The Central Bank of Nigeria has suspended approvals for the extension of export proceeds repatriation on behalf of exporters, effective…
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Inflation May Drop To 27% By December – Report
Nigeria’s inflation rate is projected to decline to 27.1 per cent by December 2025, according to the latest NESG-Stanbic IBTC…
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MTNN, Transcorp Lead As investors Gain N507bn
Investors on the Nigerian Exchange gained N507bn at the close of trading on Wednesday, as the market capitalisation surged to…
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Tony Elumelu Foundation Opens Entries For 2025 Entrepreneurship Programmes
The Tony Elumelu Foundation has announced the opening of its 2025 Entrepreneurship Programmes applications. This was contained in a statement…
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Naira Weakens To 1,541/$
The Nigerian naira weakened to N1,541.36/$ on the first day of trading in the New Year. According to the NFEM…
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Ministry Inaugurates N250bn Real Estate Investment Fund
The Federal Government through its finance ministry, has inaugurated the N250bn Ministry of Finance Incorporated Real Estate Investment Fund aimed…
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New Withholding Tax Policy Begins
The Federal Government has commenced the implementation of the 2024 Withholding Tax Regulations, signalling effort to modernise Nigeria’s tax system.…
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Naira Tumbled 41% In 2024, Defies CBN’s Forex Reforms
The official exchange rate between the naira and the United States dollar ended in 2024 at N1,535/$, an analysis of…
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W’Bank Suspends Loan Fees For Poor Nations
The World Bank has announced the removal of several loan fees to make borrowing more affordable for vulnerable countries. The…
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CBN Disqualifies 41.65m Shares In Access Holdings Rights Issue
The Central Bank of Nigeria has disqualified 41.65 million shares worth N822.60m in Access Holdings Plc’s recently concluded rights issue.…
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