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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FX Reserves Soar To $46.7bn Seven-Year High
NIGERIA’S foreign exchange reserves have surged to their strongest level in seven years, hitting $46.7bn as of November 14, 2025,…
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Investors Lose Fresh N1.17tn As Bearish Trading Resumes
The equities market began the week in the red as the All-Share Index of the Nigerian Exchange fell by 1.26…
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Headline Inflation Eases To 16.05% In October
The National Bureau of Statistics, NBS, has said headline inflation rate eased by 1.97 percentage points to 16.05 percent in…
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Only 44% Of Social Benefits Reach Poor Nigerians –W’Bank
Despite billions of naira spent yearly to cushion hardship, a new World Bank report says Nigeria’s social safety-net programmes are…
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Experts List Gains Of $2.25bn Eurobond Issuance To Economy
Experts and stakeholders have listed the gains of the recent $2.25bn Eurobond raised by the federal government, describing it as…
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Market Begins Week On Bearish Note, Cap Dips N471.99bn
The Nigerian Exchange continued with its bearish trading on Monday as sustained profit-taking dragged the NGX All-Share Index down by…
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FRC To Adopt Islamic Finance Reporting Framework In Nigeria
The Financial Reporting Council of Nigeria (FRC) yesterday unveiled plans to formally integrate Islamic Finance Services into the country’s financial…
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Food Imports Soar 45% As Local Production Falters
Food and beverage imports increased to N677.3bn in the first half of 2025, a 44.48 per cent rise from N468.76bn…
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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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