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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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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MTN Remits N879bn Taxes Amid Revenue, Profit Growth
As Nigeria intensifies efforts to expand non-oil revenue and improve tax collection under its fiscal reform agenda, corporate tax contributions…
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Berger Paints Grows Profit 157%, Dividend Up 37.5%
Shareholders of Berger Paints Nigeria Plc have approved a final dividend payout of N1.25 per share for the financial year…
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FGN Bond Subscriptions Drop 45% Despite Higher Yields
Investor appetite for Federal Government bonds weakened in May 2026 as total subscriptions dropped by 45.6 per cent month-on-month, despite…
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Food Inflation Spikes Above 20% In 11 States
Food inflation remained above 20 per cent in 11 states in April 2026, even as national food inflation surpassed headline…
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CBN Launches FX Manual, Grants Extractive Firms Full Proceeds Access
The Central Bank of Nigeria (CBN) has launched the 4th Edition of the Foreign Exchange Manual which grants foreign companies…
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Banks Earn N18.2tn Despite Profits Decline
Nigeria’s largest banks delivered a mixed but ultimately reassuring set of financial results in 2025, with balance sheet expansion and…
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UBA, Others Seal Cross-Platform Payments Deal
United Bank for Africa, MoMo PSB, and Redtech have announced a strategic payment interoperability partnership. The collaboration aims to dismantle…
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States, FCT External Debt Nears $5.7bn Amid Higher FAAC
Thirty-two states and the Federal Capital Territory’s debt rose to nearly $5.7bn in fresh external loans in 2025, driving a…
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Bond Market Retreats As Yields Climb 16.04%
The Nigerian sovereign bond market shifted into negative territory this week, as a wave of sell pressure across the yield…
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Africa’s $4tn Capital Fails To Create Jobs – AFC
Africa’s growing capital base, now estimated at over $4tn, is failing to translate into large-scale job creation and industrial growth…
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No New Tax On Vehicles – NRS
The Nigeria Revenue Service has described as false and misleading a viral infographic claiming that a new vehicle tax has…
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ACCI Targets $500m Agro Investment Expo
The President of the Abuja Chamber of Commerce and Industry, Emeka Obegolu, has announced plans for the Agricultural Mechanisation for…
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UACN Lists N54.03bn Bond On NGX
UAC of Nigeria Plc has listed its N54.03bn Series 1 bond on Nigerian Exchange Limited, underscoring the Exchange’s growing profile…
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Don’t Waste Concessional Loans, World Bank Programme Coordinator Warns States
The National Coordinator of the World Bank-backed HOPE Governance Programme, Assad Hassan, has challenged federal and state governments to fully…
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Nigeria’s Debt Hits N159.28tn On Fresh Loans
Nigeria’s total public debt has increased to N159.28tn as of 31 December 2025, driven by fresh domestic and external borrowings,…
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Benin, Togo, Niger Owe Nigeria $9.55m Electricity Debt
Three West African countries of Benin, Togo and Niger have collectively failed to pay Nigeria $9.55m for electricity supplied to…
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Nigeria Poverty Hits 63% Despite Easing Inflation – W’Bank
Poverty in Nigeria rose to 63 per cent in 2025, despite a slowdown in inflation, indicating the limited impact of…
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