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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Stock Market Reverses Rally As Investors Lose N1.3trn In One Week
Nigeria’s stock market reversed course last week as widespread profit-taking erased N1.261 trillion from investors’ portfolios, ending the week in negative…
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Chinese Imports From Nigeria Soar 81%, Embassy Says
The Chinese Embassy in Nigeria has said imports from Nigeria into the Chinese market rose by 81 per cent in…
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Sugar: Nigeria Risks Losing African Market Over High Production Costs
Nigeria risks conceding the African market to other countries unless it urgently tackles high power, credit and logistics costs undermining the…
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Naira Depreciates To N1,407/$ In Parallel Market
The Naira yesterday depreciated to N1,407 per dollar in the parallel market from N1,400 per dollar last week Friday. Similarly,…
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NAICOM Maintains July 31 Recapitalisation Deadline
The National Insurance Commission has declared that it has no plans to extend the 31 July 2026, deadline for the…
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NRS Sets July 31 E-Invoicing Deadline For Large Firms
The Nigeria Revenue Service has directed all large taxpayers to fully adopt the national e-invoicing and Electronic Fiscal System on…
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Naira Weakens 0.85% To Close At N1,381.70/$
The Nigerian naira experienced a demanding week at the official foreign exchange window, extending its losses to close at its…
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FG Borrows N5tn From Bond Market In Six Months
The Federal Government raised N5.08tn from the domestic bond market in the first six months of 2026, marking a 77.8…
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UBA Names Nnorom Chairman As Elumelu Exits Board
United Bank for Africa Plc has announced that its Group Chairman, Tony Elumelu, will retire from the Board of Directors…
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Dangote Backs Blue Economy To Create 500,000 Jobs
The President of Dangote Industries Limited, Aliko Dangote, has said strategic investments in aquaculture, hatcheries, feed production, processing, cold-chain logistics and…
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Oil Shocks Pushed Nigeria’s Inflation To 15.93% – Report
Nigeria’s hard-fought, 11-month disinflation streak officially ground to a halt in March 2026, as a fresh wave of global energy…
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W’Bank Approves $1.25bn Nigeria Loan Despite Debt Concerns
The World Bank has approved a $1.25bn loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme,…
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NBC Adds Three Production Lines Amid $1bn Investment Plan
Nigerian Bottling Company Ltd has commissioned three new production lines at its plants in Oyo and Kano states as part…
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CBN Reports N17.4tn Surge In FG Borrowing
Fresh data released by the Central Bank of Nigeria reveals that credit to the Federal Government rose sharply over the…
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Labour To Engage FG On Minimum Wage Review
The Nigeria Labour Congress and the Trade Union Congress said they will restart negotiations with the Federal Government over a…
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IMF Cautions Nigeria On $5bn Abu Dhabi Swap Deal
The International Monetary Fund has warned Nigeria to tread carefully in pursuing a proposed $5bn Total Return Swap financing arrangement…
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Equity Investors Lose N4.9trn, As Market Uptrend Reverses
The Nigerian stock market reversed its upward trajectory last week with investors losing over N4.915 trillion of their investment listed on…
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Food Imports Drop By 7% – CBN Data
Nigeria’s food import bill decreased to $2.34bn in 2025, marking a 7.37 per cent decline from the $2.53bn recorded the…
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70% Of Nigerian Firms Depend On Generators – AfDB
The African Development Bank has revealed that 70.7 per cent of firms in Nigeria own or share generators due to persistent…
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India Turns To Nigeria, Other African Countries For Soybeans
India has turned to Nigeria and other African countries for soybean imports after soaring domestic prices forced Indian traders to cancel…
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