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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Fx Crisis: PZ Cussons To Sell Nigeria Subsidiaries, Others
Multinational consumer goods company, PZ Cussons, says it has commenced plans to sell its African subsidiaries to any interested buyer.…
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FIRS Engages Industry Leaders In Tax Reforms
The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, on Wednesday addressed Nigeria’s recent tax reforms, as industry…
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Investors Lose N130bn As Equity Market Reverses Gains
Equity investors lost N130bn as the Nigerian Exchange reversed the previous day’s gain on Thursday. The All Share Index declined…
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CBN eyes N50bn from cybercrime levy
The Central Bank of Nigeria is projected to generate approximately N50bn by the end of 2024 from the newly introduced…
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Private Employers Paying Below N70,000 Risk Jail – FG
The Federal Government has called on agencies recruiting for the private sector to adhere to the N70,000 minimum wage, warning…
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FG Targets $1.5bn GDP Through Halal Economy
The Nigerian government says it will launch a comprehensive strategy on Wednesday to become a leading player in the $7tn…
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CBN May Halt Interest Rate Hike — Report
Nigeria’s annual inflation rate fell to a six-month low in August, offering the Central Bank of Nigeria a window to…
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Banks Grow Digital Channels Transactions To N600tn—Report
Banking transactions through digital channels have increased by 55 per cent to N600tn, according to a report by Afrinvest. The…
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Dangote, MTN Maintain Lead In Top Brand Rankings
Dangote Industries Limited and MTN Nigeria have been named Nigeria’s ‘Most Valuable Brand’. Dangote Industries came top after an assessment…
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Nigeria Becomes World Bank’s IDA Third-Largest Debtor, Owes $16.5bn
Nigeria is the third-largest debtor to the World Bank’s International Development Association as of June 30, 2024, following a significant…
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BUA Blames High Cement Prices On Middlemen
The Chairman of BUA Cement, Abdul Samad Rabiu, has attributed the high cost of cement to the exploitation of…
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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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