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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MTN Plans 9mobile Spectrum Acquisition
MTN Nigeria is in talks with 9mobile to acquire its operating spectrum. The spectrum trade deal between Emerging Markets Telecommunication…
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CBN Extends Validity Of Old Naira Indefinitely
The Central Bank of Nigeria has announced its intention to extend the validity of the old N200, N500, and N1,000…
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Naira Devaluation Boosts Govt Revenue By N713bn
The government has made a N713.1bn revenue windfall from the devaluation of the naira, an analysis of the government’s earnings…
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Naira Crashes To 1,030/$ As Speculators React
The naira crashed against the dollar on Monday, falling to 1, 030/$ on the average in the parallel market, losing…
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NGX All-Share Index Crosses 70,000 Mark
Trading Floor of NSE Transactions on the Nigerian Exchange (NGX) closed trading on Wednesday, November 1st, 2023, in the positive…
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JP Morgan Projects N850/$ By December
A US multinational financial services firm, JP Morgan, on Wednesday projected that the naira would trade at N850/$ at the…
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Naira Exchanges 1,185/$, Liquidity Concerns Persist
The naira exchanged at 1,185/$ on Wednesday at the parallel market, as liquidity challenge persisted, according to some Bureau de…
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Reps Summon Minister Over N1tr Conditional Cash Transfer Scheme
Dr Betta Edu The House of Representatives, yesterday, resolved to invite Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta…
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No Plans To Redenominate Naira, CBN Says
The Central Bank of Nigeria has denied reports claiming it plans to redenominate the country’s local currency. The Director, Corporate…
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FG Approves N2.2tn Supplementary Budget
Minister of the Budget and Economic Planning, Abubakar Bagudu The Federal Government on Monday approved a N2.18tn supplementary budget for…
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Naira To Regain True Value Before December 2023 – Oyedele
Taiwo Oyedele The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured Nigerians that…
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Eko Bridge Needs €1.2m Foreign Equipment For Rehabilitation
The Minister of Works, Dave Umahi, has said the government needs to import construction equipment worth €1.2m to effectively perform…
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DMO Puts Chinese Loan At $4.73bn As It Rises By $800m Yearly
Nigeria’s debt to China increased from $3.93bn as of June 30, 2022, to $4.73bn as of June 30, 2023, showing…
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Naira Appreciates Against Dollar For First Time In Three Weeks
Naira, on Wednesday, appreciated against the US Dollar on the unofficial parallel market, commonly referred to as the black market.…
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Senate Alters CBN Act To Bar Governor, Deputies From Politics
• Proposes bill to prohibit use of foreign currency in local transactions• Moves to amend Cybercrimes Act, empower NSA to monitor…
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US Supports 18,000 Nigerian Small Businesses With $244m
Joe Biden The United States has extended its support to 18,000 small businesses in Nigeria to boost economic development and…
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CBN Moves For New Forex Rules As Finance Minister Expects $10billion Inflow
Mr. Olawale Fasanya Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun on Monday said that the economy…
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FIRS Assures Companies No Tax Increment
The Acting chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has allayed fears being expressed by corporate organisations…
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Naira Volatility: ABCON Seeks BDCs Engagement
Alhaji Aminu Gwadabe The President, the Association of Bureau De Change Operators of Nigeria, Dr. Aminu Gwadabe, says achieving a…
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Dangote, Honeywell, Others Enjoyed N390.26bn Tax Waivers In Two Years
About 71 companies enjoyed N390.26bn pioneer status incentives in two years, according to findings by media. Data obtained from the Federal…
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