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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ILO Promises 2 Million Digital Jobs
The International Labour Organisation has pledged to support the Nigerian government in its plan to deliver over two million digital…
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Foreign investments in manufacturing drops by 35% – NBS
Foreign investments to the manufacturing sector dropped by 35 per cent from $392.5m in the fourth quarter of 2022 to…
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57.96 million BVN issued as CBN threatens accounts closure
The total number of issued Bank Verification Numbers rose to 57.96 million as of July 3, 2023, according to data…
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Again, Forbes ranks Dangote Africa’s richest man
Aliko Dangote The President of the Pan-African Conglomerate, the Dangote Group, Aliko Dangote, has again been ranked as the richest…
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Traders, mechanics pay N167bn, decry multiple taxation
Nigerians engaged in wholesale and retail trade and repair of motor vehicles and motorcycles paid a total tax of N167.45bn…
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Govt to shut online banks pestering debtors
The Federal Competition and Consumer Protection Commission has said it will delist any loan application harassing customers and ask Google…
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International Centre warns FIRS against increased tax burden
The International Centre for Tax Research and Development has warned the Federal Inland Revenue Service to restrict from introducing of…
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Foreign Investors Assured Of Investment Safety, FX Rate Stabilisation
Godswill Akpabio, Senate President In a bid to woo foreign investors into the country, the President of the Senate, Godswill…
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MAN Hails FG On Suspension Of Tax Increments
The Manufacturers Association of Nigeria (MAN) has hailed the Federal Government for the suspension of the obnoxious aspects of the…
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FG to collect VAT from market traders, others
The Nigerian Government through the Federal Inland Revenue Service, has announced the VAT Direct Initiative, a scheme aimed towards enabling…
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Borrowing cost rising, says CBN
The cost of borrowing has continued to rise, while growth in the banking industry is declining, according to the Central…
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Introduce tax incentives, reduce import duty, economists urge FG
President Bola Tinubu The Centre for the Promotion of Private Enterprise has urged the Federal Government to deploy measures such…
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W’Bank projects 25% 2023 inflation in Nigeria
The World Bank has projected that inflation may hit 25 per cent in 2023 as a result of petrol subsidy…
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Naira devaluation will increase raw material import costs – MAN
The Manufacturers Association of Nigeria has warned that the recent floating of the naira, which has led to its devaluation,…
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‘Improved palm oil exploration will boost GDP’
The Chief Executive Officer of LSX Integrated Agro Processing, Leke Oluwatosin has called on the government to explore palm kernel…
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External reserves fall by $3bn in six months – CBN
Nigeria’s external reserves fell by $2.85bn in the first half of 2023 due to external debt finance among other challenges,…
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Naira devaluation: Expect price hike, telcos tell subscribers
Telecommunication firms have said they are working with their regulator, the Nigerian Communication Commission, to review the prices of their…
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ILO governing body elects Adejola new chair
The International Labour Organisation’s Governing Body announced the appointment of Abiodun Adejola as the chairperson for the period of 2023-24.…
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Currency in circulation jumps to N2.53tn – CBN
Currency in circulation in the country rose by 157.27 per cent at the end of March to N2.53tn as of…
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CBN reviews limits on contactless transactions
The Central Bank of Nigeria has issued a guideline placing a limit on contactless payment. This was disclosed by the…
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