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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CBN Investigator Summons Lemo, Others Over Union Bank Deal
Tunde Lemo The Special CBN Investigator, Jim Obazee, has summoned the Chairman of Titan Trust Bank, Babatunde Lemo, in connection…
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Emefiele Rejects Investigator’s Report, Says Allegations Satanic
Godwin Emefiele Embattled former Governor of the Central Bank of Nigeria, Godwin Emefiele, has faulted allegations of stolen funds against…
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CBN Lifts Ban On Cryptocurrency Transactions
The Central Bank of Nigeria has changed its stance on crypto assets in the country and asked banks to disregard…
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Keep External Reserves In Chinese Yuan, Reps Advise CBN
Yuan The House of Representatives has called for the adoption of the Chinese Yuan as an official foreign exchange reserve…
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Banking Stocks Drive Market Capitalisation Past Historic N40tn
The market capitalisation of the Nigerian Exchange Limited crossed the N40tn mark at the close of trading on Wednesday on…
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Local Steel Production Will Reduce Vehicle Cost – Stakeholders
Experts have urged the government to prioritise local steel manufacturing to reduce the cost of vehicles in the country. Battery…
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Africa Loses $90bn Annually To Illicit Financial Flows -AfDB
The Africa Development Bank has lamented the spate of illicit flow of funds in Africa’s financial system and called for…
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NGX Share Index Crosses Historic 72,000 Points, Investors Gain N215bn
The benchmark index of the Nigerian Exchange Limited, All-Share Index rose by 0.55 per cent on Wednesday at 72,299.79 points,…
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Suspension Of Cash Deposit Charges Will Reduce Burden On SMEs
Dr. Chinyere Almona Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona, has applauded the decision…
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CAC Set To Delist Over 91,000 Companies Over Infractions
The Corporate Affairs Commission is set to delist 91,843 companies for failing to file their annual returns with it. In…
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How To Apply For Presidential Palliative Loan
The Federal Government recently opened applications for the Presidential Conditional Loan Scheme to Businesses in Nigeria (including Nano businesses) as…
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Africa’s Annual Loss To Carbon Tax May Hit $25bn – AfDB
African Development Bank Group President, Dr Akinwumi Adesina, has warned that a new EU carbon border tax could significantly constrain…
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Forex Inflow Hits $11bn In Two Months – CBN
Nigeria recorded $11.11bn aggregate foreign exchange inflow in July and August, figures obtained from the Central Bank of Nigeria revealed.…
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Five Multinationals Dump Nigeria In 10 Months
At least five multinationals have winded down operations in Nigeria in the last 10 months, an analysis of separate notices…
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Again, Okonjo-Iwela Makes Forbes’ 100 Most Powerful Women’s List
The Director-General of the World Trade Organisation Ngozi Okonjo-Iweala, has been listed on Forbes’ 100 Most Powerful Women list. According…
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Banks To Disconnect Non-Deposit Financial Institutions From Transfer List
Banks have been asked to disconnect Switches, Payment Solution Service Providers, and Super Agents from the Nigeria Inter-Bank Settlement System…
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Seplat, Insurance Stocks Drive Equity Market N132bn Gain
Trading Floor of NSE The Nigerian Exchange Limited rebounded on Wednesday as the market capitalisation gained N132bn driven by appreciation…
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UK Looks To Doubling Trade Volume With Nigeria
Jonny Baxter, British Deputy High Commissioner in Lagos, during an interview with the News Agency of Nigeria in Lagos, on…
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Service Sector Lifts Nigeria’s GDP By 2.54 % In Q3 2023
The National Bureau of Statistics (NBS) says the country’s Gross Domestic Product (GDP) grew by 2.54 percent in the third quarter (Q3)…
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FG Explains 50% Subsidy On Agric Inputs
Minister of Agriculture, Abubakar Kyari The Federal Government has approved a 50 per cent reduction in the cost of agricultural…
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