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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Inflation, hardship weakened Nigerians’ spending in 2022 – NBS
The National Bureau of Statistics has disclosed that household final consumption grew by -12.47 per cent in the fourth quarter…
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Insurance sector shrinks by seven per cent over cash crunch – NBS
The insurance sector’s growth fell by 7.25 per cent in the first quarter of 2023, the latest figures obtained from…
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NGX domestic transactions fall by 45% –Report
The level of domestic transactions on the Nigerian Exchange Limited has dropped by 45.30 per cent in 16 years, from…
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FG borrowed N6tn from CBN in 2022 – Report
The Federal Government borrowed N6.07tn from the Central Bank of Nigeria through Ways and Means Advances in 2022, according to…
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Ex-finance minister insists Nigeria can service N46tn debt
The former Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said the public debts remain sustainable…
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Again, CBN Curtails Inflation, Raises Interest Rate To 18.5%
By Babajide Okeowo After Nigeria’s Inflation rate hit a 17-year high in April, the policy-setting committee of the Central Bank…
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CBN revokes 179 microfinance banks, others’ licences
The Central Bank of Nigeria has revoked the licences of 179 microfinance banks in the country, as well as four…
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Equity market rebounds as investors gain N15bn
The Nigerian Exchange Limited saw mixed sentiments on the trading floor this past week, which resulted in a gain of…
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98% eNaira wallets inactive, adoption slow – IMF
The International Monetary Fund has disclosed that 98.5 per cent of eNaira wallets have been unused one year after the…
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Bank lending to oil firms hits N7tn, says CBN
The combined bank lending to oil firms operating in the downstream and upstream subsectors of the Nigerian oil and…
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FG urges entrepreneurs to embrace ECOWAS trade scheme
The Federal Government, through the Ministry of Foreign Affairs, has urged exporting manufacturers to key into the trade immense…
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Forex inflow drops by $3bn in three months – Report
Net foreign exchange inflow into the economy fell by $2.6bn in the fourth quarter of 2022, according to the latest…
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Federal allocation drops again as FG, states share N655bn
The Federation Account Allocation Committee says it shared N655.93bn among the three tiers of government in April 2023. The…
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USSD debts: Telcos may charge customers for bank transfers
Telecommunication operators may soon begin to charge bank customers’ airtime or data for Unstructured Supplementary Service Data transactions, media has…
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Food, housing, logistic costs push inflation to 22.22%
Nigeria’s inflation rate increased for the fourth consecutive month this year to 22.22 per cent in April from the 22.04…
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FG spends N13tn on subsidy, sets removal guidelines
The Federal Government, on Monday, said it was developing a comprehensive guide for the incoming administration of Bola Tinubu,…
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Stocks investors record N136bn loss in one week
Stocks investors lost N136bn at the end of trading last week on the Nigerian Exchange Limited. Suffering a dip…
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Contributory pensions gained N590bn in Q1 – Report
The assets under the Contributory Pension Scheme rose by N590bn in the first quarter of 2023, figures from the National…
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PenCom approves commercial, non-interest banks as mortgage lenders
The National Pension Commission has listed 26 commercial banks by the Central Bank of Nigeria as its approved mortgage…
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Fintech firms’ incubation programme will protect investors – SEC
The Securities and Exchange Commission has said that the safety of investors and their investments in the capital market is…
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