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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Textile manufacturers seek review of incentives to attract investments
The Nigerian Textile Manufacturers Association (NTMA) has urged the Federal Government to review some of its incentives to foreign investors,…
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All-Share Rises 0.33% as Market Pares Losses to End Four-Week Decline
It was a positive performance for the Nigerian equities market last week after four weeks of decline as increased buying…
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Excess Crude Account Shrinks by $1.68bn
The balance in the Excess Crude Account (ECA) has shrunk from $ 2.319 billion in November 2018 to $631 million…
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NLC Rejects Any Renegotiation of N30,000 Minimum Wage
The President of the Nigeria Labour Congress (NLC), Ayuba Wabba, has reacted to a proposal by President Muhammadu Buhari to…
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NBS: Unemployment Rate Rises to 23.1%, 20.9m Nigerians Jobless
Buhari clueless on way forward, Says Atiku The country’s unemployment rate worsened in the third quarter of 2018 (Q3,2018), rising…
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Banks’ Non-Performing Loans Rise To N2.24trn
Nigerian bank’s non-performing loans stood at N2.245tn as of the end of September 2018, according to the National Bureau of…
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CBN To Track, Stop Bad Debtors From Further Borrowing
The Central Bank of Nigeria is planning to introduce a new mechanism, called the Global Standing Instruction that will work…
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NSE admits SAHCO Plc’s N406 million offer on exchange’s daily official list
The Nigerian Stock Exchange (NSE) has admitted 406,074,000 ordinary shares of 50 kobo each at N4.65 per share for Skyway…
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Nigeria’s First Gold Refinery To Be Completed June 2019
The Federal Government yesterday laid the foundation of the first gold refinery in Mowe, Ogun State, to enhance the country’s…
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Stock market index depreciates by 0.3% on renewed profit taking
Trading on the equity sector of the Nigerian Stock Exchange (NSE) closed on a downturn yesterday, following renewed profit taking,…
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ILGL, Quanta seal pact on blockchain investments
Nigeria’s Petroleum Technology Development Fund (PTDF), has said it would leverage existing in-country capacity available at the Nigerian National Petroleum Corporation (NNPC),…
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Maiden IATF begins with calls for pro-Africa integration talks
•Afreximbank, Obasanjo, Egypt seek ratification of AfCFTA The first-ever Intra-African Trade Fair (IATF) on the continent has kicked off in…
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Local sourcing suffers setback on renewed importation, economic slowdown
Efforts to by the Central Bank of Nigeria (CBN), to encourage manufacturers to explore local raw materials for production by…
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85% of N8.3 trillion pension fund spent on government T-bills, bonds
•Lack of right investment instruments is a challenge The largest pool of domestic capital in the country is the N8.3…
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Non-oil sector grows Nigeria’s GDP to 1.8%, says NBS
Data from the National Bureau of Statistics (NBS) has shown that Nigeria’s Gross Domestic Product (GDP) grew to 1.81 per…
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CBN decries non-performing N500b export stimulation fund
Sets up committee to address bottlenecks The Central Bank of Nigeria (CBN) has condemned the non-accessibility of the N500 billion…
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Bank’s N949bn deposits intact, NDIC assures customers
Nigeria Deposit Insurance Corporation (NDIC), has assured customers of the defunct Sky Bank Plc, of maximum guarantee and unhindered access…
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ETPs net flows hit $358b worldwide, as Nigeria’s pension rises to N8.3tr
Fund managers call for broader distribution channels Chief Executive Officer, The Nigerian Stock Exchange (NSE), Oscar Onyema, has revealed that…
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AMPs will help AMCON recover N740billion, says Kuru
The Asset Management Corporation of Nigeria (AMCON), has reiterated its full support for its Asset Management Partners (AMPs), in the…
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Global export near $19.6tr in 2018 amid slow economic recovery
Although Nigerian non-oil exporters express optimism of recovery in 2019, latest data from the United Nations Conference on Trade and…
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