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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NEPC Reports $2.7bn In Non-Oil Exports Half Year 2024
The Nigerian Export Promotion Council reported that non-oil exports generated $2.7bn in the first half of 2024, representing a…
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Oil Production Fell In Q2 – NBS
Nigeria’s daily oil production shrank by 160,000 barrels per day in the second quarter of 2024. This was contained in…
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FG Spending Exceeds Revenue By 225% — BudgIT
A report by BudgIT, an accountability firm, has revealed that the Federal Government spent three times its revenue in 2023,…
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States Oppose FG N600bn Vote For N70,000 Wage
Representatives of state governments at the last Federation Accounts Allocation Committee meeting have bemoaned the decision by the Federal Government…
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FG Saved N1.7tn From Blocked Procurement Loopholes – BPP
The Federal Government says it saved N1.7tn from 2009 to 2022 by clogging loopholes in its procurement process. The…
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FG Hikes Passport Fees To N50,000, N100,000
The Federal Government has approved an upward review of the fees for the Nigerian passport effective from September 1, 2024.…
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Why Minimum Wage Payment May Delay — Labour
Organised Labour has called on Nigerians to be patient with the Federal and State Governments following the delay in…
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FG Eyes $2bn From local dollar bond sale
Players in the economy have projected that the $2bn domestic FGN US dollar bond opening Monday would have an overall…
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External Reserves Shed $343m In Nine Days, Says CBN
Nigeria’s foreign exchange reserves dipped by $342.97m to $36.53bn in nine days, data from the Central Bank of Nigeria…
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FG Shifts N150bn Loan Disbursement For Manufacturers To September
The Federal Government has shifted the start of the N150bn loan disbursement for manufacturers and micro, small, and medium…
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Stakeholders Charge New PenCom Boss On Retirees’ Benefits
Advocates in the pension industry have urged the newly appointed Director-General of the National Pension Commission, Omolola Oloworaran, to…
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Equity Market Gains N945bn Amid Renewed Bearish Concerns
The Nigerian equity market showed signs of recovery last week, posting a gain of N945bn in overall market performance. The…
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CBN Okays Unity-Providus Merger, SEC Review Next
The Central Bank of Nigeria has okayed the merger of Providus and Unity Bank, as both financial institutions await…
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Naira Falls To 1,621/$ At Official Market
The naira fell to a four-month low on Tuesday at the official window as it traded at 1621. 12/dollar compared…
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Analysts Warn Of Naira Depreciation Amid N311bn Equity Sell-Off
Financial analysts have expressed concerns over the recent trend of high foreign liquidation in the Nigerian Exchange with N311.41bn worth…
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FG’s Revenue Surpassed Budgetary Target, Says Minister
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that the Federal Government’s revenue for…
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Monies In Dormant Accounts Prone To Fraud – Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that monies in dormant accounts in banks…
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Naira Weakens To 1,523/$ At Official Market
The naira depreciated at both the official and parallel markets on Monday. At the official, Nigerian Autonomous Foreign Exchange Market,…
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Equity Market Begins Week With N8Bn Loss
The Nigerian Exchange resumed the week on Monday with a loss of N8.62 billion due to a dip in Caverton…
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NGX Suspends Unity Bank, Seven Others’ Shares
NGX Regulation, the regulatory arm of the NGX Group, has suspended trading in the shares of eight companies for default…
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