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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Concrete Roads: Cement Price To Hit N9,000, Say Manufacturers
The Cement Producers Association of Nigeria has warned that the ongoing plan of the federal government to introduce concrete roads…
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South Korea Indicates Interest In Nigeria’s Lithium
The South Korean government has indicated interest in Nigeria’s lithium deposits, according to a statement on Thursday. The statement signed…
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Trade Volume Hits N1.12bn On NGX
The daily volume of trade on the Nigerian Exchange Limited increased by 98 per cent to 1.12 billion units on…
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Naira Tumbles To 980/dollar, FX Shortage Worsens
The naira continued its downward trend after exchanging to the dollar at 980/$ at the parallel market on Wednesday. A…
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Nigeria Servicing 108 W’Bank Loans Worth $14bn – Report
Nigeria is currently servicing about $14.12bn worth of World Bank loans, according to report by media. The figure covered the amount…
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Naira Weakens To N950/dollar As Forex Scarcity Worsens
The naira fell further to the dollar on Wednesday after closing at 950/$ at the parallel market. Bureau de Change…
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Presidential Panel Plans 83% Cut In Taxes, Levies
President Bola Tinubu The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, has said…
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FG Delists 37 Illegal Loan Apps
The number of delisted loan apps rose from nine to 37, according to the Federal Competition and Consumer Protection Commission’s…
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Manufacturing Sector Remits N606b, Tops Tax Revenue Contributions In H1’23
The manufacturing sector has sustained its lead position in contribution to Nigeria’s tax revenue in the first half of 2023…
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Why It Might Take Nigeria 300 Years To Bridge Infrastructure Gap-SEC
Yakubu Yuguda The Securities and Exchange Commission (SEC) depending on a World Bank report, has stated that based on the…
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Forex Earnings Record Boost As Trade Surplus Hits N2.22tn
Nigerian foreign exchange earnings grew in the first six months of 2023 as the foreign trade surplus rose to N2.22tn.…
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Report Links Declining Businesses To Inflation
Activities of private businesses dipped midway through the third quarter of the year as rising prices weakened demand, according to…
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Solid Minerals Earnings Hit N814bn In 15 Years – NEITI
The Nigeria Extractive Industries Transparency Initiative, on Monday, announced that Nigeria’s earnings from the solid minerals sector between 2007 and…
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Foreign Investors Repatriate $5bn Dividend – CBN
Foreign firms repatriated $5.86bn from the Nigerian economy between October 2022 and March 2023, the Central Bank of Nigeria has…
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FG, States, LGs Share N4.37tn In Six Months – NEITI
The three tiers of government, federal, states and Local Government Areas, shared a total of N4.37tn from the Federation Account…
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FG To Establish Poverty Alleviation Trust Fund
Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu The Federal Government is going to establish a Presidential Humanitarian…
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Banks Sack 110 Top Executives, Others Over N82bn Fraud
At least 110 top bank executives and junior staff members have been sacked for fraud-related cases in the past two…
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DMO Sold N406bn T-bills In July – Report
The Debt Management Office sold treasury bills valued at N406.10bn across its auctions in July 2023. This represented a 0.39…
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NBS Kicks As Ex-statistician General Faults New Employment Data
Former Statistician General for the Federation/Chief Executive, NBS, Dr. Yemi Kale The former Statistician-General of Federation/ Chief Executive Officer of…
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External Reserves Fall By $915m After Naira Float
Nigeria’s external reserves dropped by $915m after the Central Bank of Nigeria officially floated the naira and liberalised the foreign…
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