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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Equities halt gains as capitalisation dips by N6 billion
The bears resurfaced on the equities sector of the Nigerian Exchange Limited (NGX), halting two days of consecutive rally, as…
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Worries as ATMs, PoS, mobile channels account for N3.6 billion fraud
•Banks’ staff culpability rises, threatens entire ecosystem •FITC recommends increased sensitisation of bank workers About N3.62 billion fraud have been…
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CBN orders banks to open Saturday, Sunday to ease naira scarcity
• Emefiele to supervise compliance • Denies suspending accounts of Fintech Companies The governor of the Central Bank of Nigeria…
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Rate hikes ineffective against inflation, LCCI tells CBN
The Lagos Chamber of Commerce and Industry has called on the Central Bank of Nigeria to explore viable options…
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Order banks to revamp e-banking platforms, Reps tell CBN
The House of Representatives has urged the Central Bank of Nigeria to direct banks to immediately revamp their electronic transaction…
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NLC protests: CBN to flood banks with old naira notes
The Central Bank of Nigeria has finally concluded plans to release all N1,000, N500 and N200 notes in its custody…
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FG removes 5% tax on calls, data
The Federal Government has announced the removal of its proposed five per cent excise duty on telecommunication services. The…
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Economists fault MPC over 18% lending rate
Economists have faulted the Monetary Policy Committee of the Central Bank of Nigeria over its decision to increase the benchmark…
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e-Naira: Taking agriculture in Nigeria to new technological heights
Agriculture in Nigeria has an interesting history of ups and downs. Long before the discovery of oil and gas in…
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Rate hold in focus as MPC members meet
The market may have shifted its focus from the protracted cash squeeze, momentarily albeit to rising interest rates, as…
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FG rakes in N10tn VAT under Buhari – NBS
The Federal Government has raked in N10.1tn from the collection of Value Added Tax under the regime of the President,…
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Dollar shortage: Banks slash travel allowance, foreign school fees
Deposit Money Banks have slashed the amount of Personal Travel Allowance and schools fees their customers can apply for amid…
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Two problems with naira redesign – Moghalu
A former Central Bank of Nigeria’s Deputy Governor, Kingsley Moghalu, has expressed dissatisfaction over the series of crises created…
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AfDB, IsDB, BoI back funding scheme for Nigeria’s digital, creative sectors
Nigeria’s Vice President, Prof. Yemi Osinbajo; the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina and other partners…
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Old naira notes remain legal tender in Lagos –Sanwo-Olu
The Governor of Lagos State, Babajide Sanwo-Olu, on Monday said the old naira notes remain legal tender in the state.…
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Despite naira scarcity, e-payment falls to N37.67tn
Cashless transactions fell to N37.67tn in February 2023 as Nigerians had to grapple with failed and delayed cash transfers. This…
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Four days that shook the US banking system
The United States banking system has been gripped in recent days by a series of convulsions that has seen the…
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CBN ends cash swap programme in rural areas
The Central Bank of Nigeria says residents of rural and unbanked areas can no longer swap old notes for new…
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CBN issues guidelines on open banking
The Central Bank of Nigeria has issued operational guidelines for open banking in Nigeria to ensure stability in the…
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Stock market rebounds as investors gain N107bn
The Nigerian Exchange Limited on Wednesday rebounded as investors gained N107bn. The market had recorded about N1bn loss on Tuesday.…
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