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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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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Nigeria Loses N8bn Monthly To Grid Inefficiencies – NISO
The Managing Director/Chief Executive Officer of the Nigerian Independent System Operator, Abdu Bello, has said Nigeria’s power sector was losing…
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Energy Cost Spike Drives Cement To N12,000/Bag
Energy costs have driven cement prices to about N12,000 per bag, according to private sector operators who are concerned that…
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CBN Blacklists Top Loan Defaulters
The Central Bank of Nigeria has officially restricted banking services for “chronic defaulters” and large-ticket obligors with non-performing loans. In…
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New N100m Loan Scheme Targets Nigerian Micro-Entrepreneurs
The Coalition of Microlending and Cooperative Institutions in Nigeria has officially moved to bridge the financing gap for small businesses…
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Court Restores Union Bank Board, Overturns CBN Decision
Justice Chukwujekwu Aneke of the Federal High Court in Lagos has reinstated the Union Bank Board and ruled that the…
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MTN Nigeria Rebounds With N1.1tn Profit
MTN Nigeria has reported a staggering N1.1tn profit for the 2025 financial year. This turnaround marks a significant departure from…
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FCMB Completes N500bn Recapitalisation, Retains International License
FCMB Group Plc has completed the recapitalisation of its banking subsidiary, First City Monument Bank Limited, and has secured its international…
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Poverty Rate Jumps To 63% After Subsidy Removal – Report
About 63 per cent of Nigerians fell below the poverty line after the removal of petrol subsidy, according to…
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