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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Nigeria Loses N8bn Monthly To Grid Inefficiencies – NISO
The Managing Director/Chief Executive Officer of the Nigerian Independent System Operator, Abdu Bello, has said Nigeria’s power sector was losing…
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Energy Cost Spike Drives Cement To N12,000/Bag
Energy costs have driven cement prices to about N12,000 per bag, according to private sector operators who are concerned that…
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CBN Blacklists Top Loan Defaulters
The Central Bank of Nigeria has officially restricted banking services for “chronic defaulters” and large-ticket obligors with non-performing loans. In…
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New N100m Loan Scheme Targets Nigerian Micro-Entrepreneurs
The Coalition of Microlending and Cooperative Institutions in Nigeria has officially moved to bridge the financing gap for small businesses…
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Court Restores Union Bank Board, Overturns CBN Decision
Justice Chukwujekwu Aneke of the Federal High Court in Lagos has reinstated the Union Bank Board and ruled that the…
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MTN Nigeria Rebounds With N1.1tn Profit
MTN Nigeria has reported a staggering N1.1tn profit for the 2025 financial year. This turnaround marks a significant departure from…
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FCMB Completes N500bn Recapitalisation, Retains International License
FCMB Group Plc has completed the recapitalisation of its banking subsidiary, First City Monument Bank Limited, and has secured its international…
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Poverty Rate Jumps To 63% After Subsidy Removal – Report
About 63 per cent of Nigerians fell below the poverty line after the removal of petrol subsidy, according to…
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30 Banks Meet Recapitalisation Threshold
The Central Bank of Nigeria has officially confirmed that 30 banks have successfully met the new minimum capital requirements under…
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FCMB Hits N288.96bn Capital Base, Awaits CBN Nod
FCMB Group Plc has reached a pivotal milestone in its race to meet the Central Bank of Nigeria’s new capital…
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Full List: Dangote Leads Nigeria’s Four-Man Entry On Forbes Africa Billionaires List
Nigeria’s Aliko Dangote has retained his position as Africa’s richest person, topping the Forbes 2026 Africa Billionaires ranking with an…
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Alibaba Plans $1.5m Grants For African Startups
Alibaba Philanthropy and the Jack Ma Foundation are offering $1.5 m in grants to African entrepreneurs developing innovative solutions to…
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FG Commits 5% Of GDP To Boost Manufacturing
The Federal Government has stated that it will channel up to five per cent of Nigeria’s Gross Domestic Product annually…
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Remittance Of 1% Nigerian Content Levy Still Mandatory — NCDMB
The Nigerian Content Development and Monitoring Board (NCDMB) has reminded operators, contractors and service companies in Nigeria’s upstream oil and gas…
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Naira Could Hit N1,100 To $1 In 2026, Says Dangote
The Aliko Dangote, Chairman of the Dangote Group, has predicted a significant strengthening of the naira, saying the currency could…
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FG To Borrow N800bn Via February Bonds
The Debt Management Office has unveiled plans to raise N800bn through its February 2026 Federal Government bond auction, reflecting a…
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65% Nigerians Demand Lower Interest Rates As MPC Convenes –Report
As members of the Monetary Policy Committee of the Central Bank of Nigeria prepare for their next meeting, fresh survey…
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Insurance Consortium Disburses N181.9m To Northern Herders
The Index-Based Livestock Insurance Consortium has disbursed about N181.92m to livestock herders from Adamawa, Bauchi, and Plateau States. This was…
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Capital Importation Hits $21bn In 10 Months —Minister
Nigeria’s capital importation surged to a record $21 billion within the first 10 months of 2025, a 75% leap from roughly $12…
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NDIC Steps Up Debt Recovery From Failed Banks
The Nigeria Deposit Insurance Corporation has vowed to fully use its enhanced enforcement powers granted by the NDIC Act 2023…
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