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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Naira Rises To 1,494.03/$ At Official Market
The naira strengthened to 1,494.03/$ at the official window on Thursday according to data from FMDQ Securities Exchange Limited. Similarly,…
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CBN Orders Bank Directors With Bad Loans To Resign
The Central Bank of Nigeria has ordered bank directors with non-performing insider-related loans to immediately resign from their positions as…
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Banks Must Make Cash Available In ATMs – CBN
The Central Bank of Nigeria has urged banks to ensure that their customers have access to cash at their Automated…
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FG Lists N368.3bn Bond On NGX
The Federal Government of Nigeria has listed a N368.3bn bond along with N234bn in supplementary bond issues on the Nigerian…
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Most Banks Don’t Sell Dollars To BDCs – ABCON
The President of the Association of Bureau de Change Operators of Nigeria, Aminu Gwadebe, has said that only a few…
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Equity Market Opens Week With N72bn Loss
The Nigerian equity market kicked off the week on a negative note, shedding N72bn in market capitalisation at the close…
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Naira Strengthens At Parallel Market, Weakens On Official Window
In the past week, the naira experienced a mixed performance across various segments, reflecting the Central Bank of Nigeria’s ongoing…
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CBN Retains N100 ATM Fee For Withdrawals Below N20,000
The Central Bank of Nigeria has announced that Nigerians withdrawing less than N20,000 from another bank’s Automated Teller Machine will…
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Nigerian Tax Laws Not Conducive For Growth — Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said that the current tax…
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FG Assumes Full Control Of Keystone Bank
Keystone Bank has confirmed that it is now fully owned by the Federal Government of Nigeria, stating that the takeover…
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Telcos Tariff Hike: Reps Demand Reversal As New Pricing Begins
Nigerian telecommunications operators have started implementing the long-awaited 50 per cent tariff hike following regulatory approval from the Nigerian Communications…
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FG To Issue N758bn Bonds To Clear Pension Arrears
The Federal Government says it would issue bonds worth N758bn to clear accumulated pension debts. This includes debts owed under…
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Banks Clear Major USSD Debt To Prevent Service Disconnection
Nigeria’s telecom operators have kept Unstructured Supplementary Service Data services active as banks make significant progress in repaying their outstanding…
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Nigeria To Benefit From €150bn EU Initiative – Official
Nigeria is expected to be a key beneficiary of the European Union’s pledge to support infrastructural development through its Global…
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Naira Appreciates As Govt Clears $7bn FX Backlog
Optimism around the $7bn foreign exchange backlog’s clearance and improved liquidity contributed to a 3.68 per cent week-on-week appreciation of…
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USSD Debt: NCC, Telcos Rule Out Deadline Extension For Banks
The Nigerian Communications Commission and telecommunications companies have ruled out any extension to the deadline for banks to settle their…
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15% Inflation Target Achievable In 2025 – Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has expressed optimism about Nigeria’s inflation…
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Govt Approves N4bn Cash Transfer For Vulnerable Households
The Federal Government has approved N4bn for conditional cash transfers to vulnerable households in Nigeria. During the launch of the…
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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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