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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Portfolio Inflows Into Nigeria Jump 18% To $7.09bn
Portfolio inflows into Nigeria rose to $7.09bn in the second quarter of 2026, from $6.03bn in the first quarter, as…
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Nigerian Businesses Need More Than Loans To Grow – Oyedele
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said Nigerian businesses require more than conventional…
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JPMorgan Lodges N50bn With CBN For Banking Licence
JPMorgan Chase & Co has deposited N50bn with the Central Bank of Nigeria as part of efforts to secure a…
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Nigeria Attracts $23bn Capital Amid Rising Reserves
Nigeria attracted $23bn in capital importation in 2025, while its foreign exchange reserves exceeded $50bn, but the Federal Government says…
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Nigeria’s 73% Financial Inclusion Leaves 60.4m Vulnerable
Nigeria has surpassed its formal financial inclusion target, but millions of adults remain financially vulnerable despite gaining access to formal…
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FG Cuts Margin On Interest For Late Taxes
The Federal Government has linked interest charges on unpaid taxes to prevailing borrowing costs, saying delayed tax payments could force…
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CBN Rate Cut Puts Pressure On Fixed Income Yields
The Central Bank of Nigeria’s decision to cut its benchmark interest rate to 23 per cent is expected to put…
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Dangote Bets Cash Generation On $45bn Expansion
Dangote Group is pursuing a $45bn investment programme to expand its industrial businesses and reach $100bn in annual revenue by…
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Fitch Flags Nigeria’s $5bn TRS Over Debt, Liquidity Risks
Fitch Ratings has warned that Nigeria’s proposed $5bn Total Return Swap (TRS) could introduce significant risks to the country’s debt…
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NAICOM Begins NICON Insurance Wind-Up, Appoints Receiver
The National Insurance Commission has commenced the formal winding-up of NICON Insurance Limited following the cancellation of the insurer’s registration…
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Step-By-Step Guide To Buying Dangote Refinery Shares
The Dangote Petroleum Refinery and Petrochemicals FZE will open Africa’s largest-ever Initial Public Offering on Monday, September 14, 2026, giving…
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Dangote Petroleum Refinery Set For Landmark IPO Following SEC Approval
… Proposed 4.1bn share offer could raise approximately ₦2.15trn The Securities and Exchange Commission (SEC) has approved the commencement of…
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Nigeria’s Reserves Hit $54bn, Highest In 18 Years
Nigeria’s external reserves have risen to $54.08 billion, reaching their highest level in nearly 18 years and moving further above…
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CBN Eyes N700bn From September T-bills Auction
The Central Bank of Nigeria will return to the domestic debt market in September with a N700bn treasury bills offering,…
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Heritage Bank Depositors Demand Full Refunds
Aggrieved depositors of the defunct Heritage Bank Plc have renewed calls for the Federal Government, Central Bank of Nigeria and…
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Nigeria Hits Record $947m Monthly Remittances, Nears $1bn Target – CBN
Nigeria recorded $947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, the highest monthly inflow…
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NESG Projects External Reserves To Hit $53bn By Year-End
The Nigerian Economic Summit Group has projected that Nigeria’s external reserves will rise to about $53bn by the end of…
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TAJBank’s PBT Rises 74%, Pays Higher Dividend
TAJBank Limited, Nigeria’s largest non-interest bank by assets, has sustained its market lead as its Profit Before Tax surged 74…
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NDIC Begins Payouts To Depositors Of 46 Failed MFBs
The Nigeria Deposit Insurance Corporation has commenced the payment of insured deposits to customers of 46 failed microfinance banks whose…
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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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