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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W’Bank Suspends Loan Fees For Poor Nations
The World Bank has announced the removal of several loan fees to make borrowing more affordable for vulnerable countries. The…
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CBN Disqualifies 41.65m Shares In Access Holdings Rights Issue
The Central Bank of Nigeria has disqualified 41.65 million shares worth N822.60m in Access Holdings Plc’s recently concluded rights issue.…
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PZ Cussons Records N15bn Loss In H1
PZ Cussons Nigeria Plc has reported an exchange loss of N15.15bn, which marks an improvement compared to the N87.08bn exchange…
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FG Gives Banks, Telcos Six-Month Ultimatum On N250bn USSD Debt
The Central Bank of Nigeria and the Nigerian Communications Commission have issued a final directive to Deposit Money Banks and…
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10 Ministries Get Over N1tn Each In 2025 Budget
No fewer than 10 federal ministries and agencies under their purview got over N1tn each as appropriation in the 2025…
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Net Forex Inflow Fell To $14bn In Q3 – CBN
The net foreign exchange inflow to the Nigerian economy in the third quarter of the year decreased by 2.97 per…
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SEC Seeks Policy Support To Drive $1tn Economy
The Securities and Exchange Commission has emphasised the need for policy support to drive Nigeria’s $1tn economy, citing the role…
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Food Inflation Hits 40% Despite FG $3.3bn Agric Loan
Despite securing multilateral loans amounting to $3.334bn (N5.178tn) and attracting over $4.3bn investments to boost food production, the cost of…
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Google, Facebook, Others Pay N3.8tn Tax To FG – Report
Google, Netflix, Facebook, and other foreign companies operating in Nigeria paid N3.85tn in taxes to the Federal Government in the…
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Nigeria’s Exports To ECOWAS Hit N1.5tn – NBS
Nigeria’s exports to countries in the Economic Community of West African States reached N1.54tn in the third quarter of 2024,…
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Equity Market Gains N704bn
The Nigerian equity market gained N704bn in six days, pushing the market capitalisation above N60tn. At Monday’s close, investors gained…
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Nigeria, African Countries Need $74bn For Debt Servicing – AfDB
Nigeria and other African countries require about $74bn for debt servicing this year amid increasingly limited access to affordable liquidity,…
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Rising Food Prices Drive Inflation To 34.6% High
Nigeria’s inflation rose to 34.60 per cent in November 2024, reflecting a 0.72 per cent increase from October’s rate of…
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ILO Advocates Living Wage For Workers
The International Labour Organisation has revealed that while real wages have shown a 2.7 per cent growth globally—the highest in…
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Equity Market Reverses Gain With N63bn Loss
The Nigerian equity market ended the first trading day of the week on a downward note, reversing recent gains with…
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Foreign Investments In Telecoms crash by $99m – NBS
Foreign investments in Nigeria’s telecommunications sector fell sharply to $14.4m in the third quarter of 2024, marking an 87 per…
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OPS Urges Sustenance As Naira Gains N137/$
The naira appreciated by N137.69 against the United States dollar within a week, following the introduction of the Central Bank…
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Low-Income Earners Can Withdraw Total Retirement Savings — PENCOM
Low-earning pensioners are now permitted to withdraw their total retirement savings en bloc or continue to receive their monthly pension…
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Manufactured Goods Export Up 118% To N749.5bn In H1’24
Revenue from the export of manufactured goods from Nigeria rose by 118.33 percent to N749.52 billion in the first half of…
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Don’t ‘Japa’, CBN Building Economy For Everyone To Thrive – Cardoso begs Nigerians
Governor, Central Bank of Nigeria, Mr. Olayemi Cardoso has advised Nigerians against leaving the country (Japa). He assured that the…
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