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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N250bn Debt: Telcos Seek NCC Approval To Stop Bank Transfer Services
Nigeria’s telecom operators are pushing for regulatory approval from the Nigerian Communications Commission to withdraw Unstructured Supplementary Service Data services…
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105 Bankers Involved In N59bn Fraud – Report
The Nigerian banking sector is battling with fraudulent activities amid mounting economic challenges, findings by media source show. An analysis…
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MTN Will Shut Down Without Tariff Hike — CEO
MTN Nigeria, the country’s largest telecom operator, has stressed the urgent need for the telecommunications sector to return to profitability…
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Telcos, Subscribers Reject 5% Excise Duty
Nigeria’s telecommunications sector has again strongly rejected the Federal Government’s attempt to reintroduce a 5 per cent excise duty on…
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Naira Weakens To 1,705/$ At Parallel Market
The value of the naira depreciated at the unofficial market on Wednesday as it traded at 1,705/dollar, according to Bureau…
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Equity Market Loses N539bn In One Week
The Nigerian stock market experienced a decrease of N539 billion in the past week, with the All-Share Index and market…
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NGX, JSE To Collaborate On Governance
In a move to enhance the country’s capital market, the Nigerian Exchange Group, led by its Group Chairman, Umaru Kwairanga,…
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Cash Transfer: FG Releases N24bn To 991,261 Households
The Federal Government has disbursed N24.78bn under the National Cash Transfer programme to 991,261 poor households as part of efforts…
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FG Offers N150bn Bonds
The Debt Management Office has announced that the Federal Government was offering three bonds worth N150bn for the September…
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Fx Crisis: PZ Cussons To Sell Nigeria Subsidiaries, Others
Multinational consumer goods company, PZ Cussons, says it has commenced plans to sell its African subsidiaries to any interested buyer.…
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FIRS Engages Industry Leaders In Tax Reforms
The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, on Wednesday addressed Nigeria’s recent tax reforms, as industry…
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Investors Lose N130bn As Equity Market Reverses Gains
Equity investors lost N130bn as the Nigerian Exchange reversed the previous day’s gain on Thursday. The All Share Index declined…
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CBN eyes N50bn from cybercrime levy
The Central Bank of Nigeria is projected to generate approximately N50bn by the end of 2024 from the newly introduced…
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Private Employers Paying Below N70,000 Risk Jail – FG
The Federal Government has called on agencies recruiting for the private sector to adhere to the N70,000 minimum wage, warning…
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FG Targets $1.5bn GDP Through Halal Economy
The Nigerian government says it will launch a comprehensive strategy on Wednesday to become a leading player in the $7tn…
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CBN May Halt Interest Rate Hike — Report
Nigeria’s annual inflation rate fell to a six-month low in August, offering the Central Bank of Nigeria a window to…
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Banks Grow Digital Channels Transactions To N600tn—Report
Banking transactions through digital channels have increased by 55 per cent to N600tn, according to a report by Afrinvest. The…
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Dangote, MTN Maintain Lead In Top Brand Rankings
Dangote Industries Limited and MTN Nigeria have been named Nigeria’s ‘Most Valuable Brand’. Dangote Industries came top after an assessment…
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Nigeria Becomes World Bank’s IDA Third-Largest Debtor, Owes $16.5bn
Nigeria is the third-largest debtor to the World Bank’s International Development Association as of June 30, 2024, following a significant…
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BUA Blames High Cement Prices On Middlemen
The Chairman of BUA Cement, Abdul Samad Rabiu, has attributed the high cost of cement to the exploitation of…
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