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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World Bank okays fresh $500m loan for FG
The World Bank Group has approved a loan of $500m to help Nigeria drive women’s empowerment, media has learnt. This became the…
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FG, states, LGAs share N786bn May revenue
The Federation Account Allocation Committee says it shared N786.16bn among the three tiers of government in May 2023. The figure…
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States external debt rises to N3tn
The external debt burden of the 36 states and the Federal Capital Territory may rise by as high as over…
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Naira devaluation pushes Nigeria’s export to N42tn
The value of Nigeria’s export may rise to at least N41.99tn per year following the Central Bank of Nigeria float…
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Naira weakens to 770.38/$ at official market
The naira slumped further to the dollar after closing at 770.38/$ at the end of trading on the investor &…
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CBN Maintains Status Quo On 43 Banned Items Policy
Amid objections by stakeholders, the Central Bank of Nigeria (CBN) has maintained that the 43 non-eligible items banned from the…
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Tinubu’s Policy Document Targets $60bn Reserve
President Bola Tinubu An economic policy document prepared for President Bola Ahmed Tinubu’s government is targeting foreign reserves in the…
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BDC Operators To Operate Under Fresh Guidelines
The Federal Government has been asked to increase the capital requirements of Bureau De Change (BDCs) operators that seek to…
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Amid Naira Floatation, MAN Braces Up For Rising Import Costs
The Manufacturers Association of Nigeria, MAN, has braced up for rising imports cost and foresees economic uncertainties and exchange rate…
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Naira weakens to 702/$, CBN fresh FX supply likely
The naira traded at 702.19/dollar at the close of business on Thursday, as the Central Bank of Nigeria has allowed…
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Binance Operations Declared Illegal By SEC, Nigeria’s Market Regulator
Nigeria’s markets regulator, the Securities and Exchange Commission, SEC has ordered the world’s largest cryptocurrency exchange platform, Binance to halt…
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Financial Market Will Remain Stable Inspite Of Emefiele’s Suspension- Expert
Following the suspension of Godwin Emefiele as the Governor of the Central Bank of Nigeria, a financial expert, Mr Mike…
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Nigeria, S’Africa, Egypt Blamed For Africa’s Slow Economic Growth
Nigeria, South Africa and Egypt- the three biggest economies in Africa have been fingered for contributing significantly to the continent’s…
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World Bank Downgrades Nigeria’s 2023 GDP Growth to 2.8%
The World Bank has downgraded Nigeria’s Gross Domestic Product GDP growth rate to 2.8% in 2023, a slight revision downward…
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Emefiele arrested in Lagos, flown to Abuja for questioning
The Department of State Services has said the suspended governor of the Central Bank of Nigeria, Godwin Emefiele, is now…
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World Bank lists Nigeria among countries with ‘high food security concern’
The World Bank has retained Nigeria alongside Afghanistan, Somalia, South Sudan and Yemeh as hotspots of global food security concerns,…
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N69.4bn debt: AMCON, Jimoh Ibrahim differ on judgement
The Asset Management Corporation of Nigeria on Thursday said the Court of Appeal, Lagos State Division, has dismissed an appeal…
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FG records N930bn two-month fiscal deficits – CBN
The Federal Government recorded N930.8bn fiscal deficit in January and February 2023 according to the Central Bank of Nigeria.…
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Foreign trade declines by N2.6tn over FX shortage – NBS
The total value of foreign trade has declined by N2.55tn as Nigeria recorded lower exports within a year, according to…
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‘Nigeria’s debt exceeds revenue by N13tn in seven years’
Nigeria’s total debt in seven years outweighed the revenue generated by the Federal Government by N13.26tn, according to findings…
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