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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$8.1bn Repatriation: CBN, MTN Settle Out Of Court
Telecommunications firm, MTN Nigeria Communications Limited, said on Thursday last week that it had reached an agreement with the Central…
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NEXIM Seals Pact With SMEDAN To Boost SMEs’ Exports
The Nigerian Export-Import Bank has signed an agreement with the Small and Medium Enterprises Development Agency of Nigeria to promote…
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Cheque transactions fall 5% as BVN-linked accounts hit 36m
•PoS deals rise by 39.2% Transactions carried out through cheques fell by 5.02 per cent in 2018, against 2017 levels,…
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Sell pressure propels bearish sentiment as investors lose N261b
Massive sell-off hit the nation’s stock market yesterday, as volatility worsened ahead of the 2019 polls causing investors’ wealth to…
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FIRS hits N5.2 trillion tax revenue, gets N8tr target in 2019
• Stamp duty collections accumulate billions under locks The Federal Inland Revenue Service has recorded an all-time high tax revenue…
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BUA Cement capacity in Sokoto to hit 4.5 million tonnes
BUA Group has announced that it has signed another contract with cement manufacturing company, CBMI, for the construction of a…
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Jim Yong Kim resigns as World Bank President
World Bank President Jim Yong Kim has resigned, more than three years before his term ends in 2022, the multilateral…
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Market capitalisation drops further by N89b in bearish trading
The Nigerian Stock Exchange (NSE) yesterday commenced the second trading week of the year, on a downward note, occasioned by…
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Allianz to become worldwide IOC partner
The International Olympic Committee (IOC) and Allianz, a global insurance group, have announced that the insurer will join the “Worldwide Olympic…
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Again, government team meets labour over new minimum wage
•NLC says January 8 for rallies, not strike Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) are billed…
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FG provides only N5.12bn for N1.2tr non-oil export debts
Despite having a backlog of unpaid incentives for non-oil exporters hovering at about N1.2 trillion, the Federal Government will this…
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NCRIB lauds NAICOM on policy withdrawal
The President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Shola Tinubu, has appreciated the Commissioner for Insurance, Alhaji…
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2019 budget: Buhari to spend N1bn on travels, N98m on food
The Federal Government budgeted N1,001,318,171 for President Muhammadu Buhari’s local and international travels in the proposed 2019 budget. The budget…
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Reforms Required to Sustain Macroeconomic Stability in 2019, Says LCCI
Given the challenging economic conditions the country is facing, the Lagos Chamber of Commerce and Industry (LCCI) has stressed that…
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Labour Insists on Tuesday Protest over Minimum Wage
•Governors accuse NLC of blackmail The Nigerian Labour Congress (NLC) has said it will proceed with its protest scheduled for…
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Investors’ interest in bellwethers lift NSE’s index by 1.27 per cent
Investors’ appetite for highly capitalised stocks brought the equities market to a bullish close on the last trading day of…
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With New Funding, Second Niger Bridge Offers Hope of Economic Revolution
The projected completion of the second Niger Bridge by 2022 is bound to boost the economic potentials of the entire…
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Threat to Budget Implementation
President Muhammadu Buhari recently presented an appropriation bill of N8.83trillion to the National Assembly for consideration and ratification in pursuit…
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$8.1bn Refund: The CBN-MTN Drama and Impacts on Investor Confidence
In August, the Centra; Bank of Nigeria sanctioned MTN Nigeria over alleged illegal repatriation of $8.1 billion from the country…
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Experts identify factors that will shape 2019 stock market
Financial experts have identified outcome of general elections, direction of monetary policy and United States-China trade tension as factors that…
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