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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FG Pegs FX Rate At N700/$ As Overhead Costs Spike N26tr 2024 Budget
• To present supplementary budget, 2024-2026 MTEF, others to NASS • Pegs crude oil at $73.96, approves $1.5b World Bank loan•…
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Nigeria’s Inflation Rate Hits 26.72% In September– NBS
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 26.72 per cent in September 2023. The…
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FG To Pay Nine Months N-Power Arrears From November
The Federal Government has announced its readiness to commence the payment of nine months backlogs to N-Power beneficiaries who are…
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Banks Record 117% Increase In Customers’ Complaints
The complaints of customers to five banks rose by 117 per cent to 6,865,217 year-on-year as of June 2023 from…
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Total Exports From Nigeria, Others To Hit $952 Billion By 2035
. As indices rise by N18b amid gains in Unilever, 21 stocks Standard Chartered Bank has predicted that Africa’s total…
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CBN Lifts Restrictions On 43 Items, Unveils Measures To Address Distortions
.Dollar sustains upward swing as pressure on supply intensifies Nigeria’s currency, the Naira, is still under immense pressure as the…
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Era Of Exporting Raw Materials Over, Says Alake
Dele Alake Minister for Solid Minerals Development, Dr Oladele Alake, has restated the overarching policy of value addition by any…
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Lower Inflation, Protect Poor Citizens, IMF Tells Nigeria
Wale Edun, Minister of Finance The International Monetary Fund on Tuesday commended the Nigerian government for removing the fuel subsidy…
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Naira-Dollar Exchange Rate Falls To N1,040 In Parallel Market
The exchange rate between the naira and the dollar has dropped to N1,040 in the parallel market. The ongoing trend…
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Clear Forex Backlog To Boost Naira Confidence, Lemo Tells CBN
Tunde Lemo A former Deputy Governor, Central Bank of Nigeria, Dr Tunde Lemo, has advised against the free floating of…
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Why NNPCL Should Be Probed
Mele Kyari, GCEO, NNPCL Arewa group, under the auspices of Mega National Movement for Good Governance (MNMGG), has called on…
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Food Inflation Soars, Naira Weakens 40% Against Dollar
A report by the Nigeria Bureau of Statistics (NBS) has shown that Capital importation into Nigeria dropped by 9 percent…
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New Listing, Consumer Goods Stocks Drive NGX Gain By N140bn
Nigerian Stock Exchange The Nigerian Exchange Limited on Thursday closed positive with a gain of N140bn added to investors’ wealth…
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Trade Is Important For Women’s Economic Empowerment, Says WTO
Dr Ngozi Okonjo-Iweala Director-General, World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has stressed the importance of trade in supporting women-led small…
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Equity Market Rebounds As Investors Gain N213bn
The Nigerian Exchange Limited on Tuesday halted seven days of bearish trading to close the market with a gain of…
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Enugu Partners Indonesia Trade Organisation On $30bn GDP Growth
Enugu State Governor, Peter Mbah The Enugu state government has said it hopes to achieve a $30bn economic growth in…
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FG Plans $5bn For ICT Firms, To Raise Telecom Access
The Federal Government is set to equip three million Nigerians with tech skills over the next four years. It set…
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Court To Hear FG’s N30bn Suit Against Facebook In October
The Federal High Court, Abuja Judicial Division, will in October hear the N30bn suit lodged by the Advertising Regulatory Council…
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CBN Will Spend $3bn Loan To Stabilise Economy – NEC
The National Economic Council on Thursday affirmed that the $3bn emergency loan-for-crude oil the Federal Government secured in August would…
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Cardoso To Clear Dollar Debts, Suspend Intervention Loans
Cardoso, CBN’s Governor The new Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said he will prioritise clearing…
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