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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FG To Establish Poverty Alleviation Trust Fund
Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu The Federal Government is going to establish a Presidential Humanitarian…
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Banks Sack 110 Top Executives, Others Over N82bn Fraud
At least 110 top bank executives and junior staff members have been sacked for fraud-related cases in the past two…
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DMO Sold N406bn T-bills In July – Report
The Debt Management Office sold treasury bills valued at N406.10bn across its auctions in July 2023. This represented a 0.39…
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NBS Kicks As Ex-statistician General Faults New Employment Data
Former Statistician General for the Federation/Chief Executive, NBS, Dr. Yemi Kale The former Statistician-General of Federation/ Chief Executive Officer of…
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External Reserves Fall By $915m After Naira Float
Nigeria’s external reserves dropped by $915m after the Central Bank of Nigeria officially floated the naira and liberalised the foreign…
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‘E-Commerce Vital To $3.4tn AfCFTA Market’
Stakeholders have stated that e-commerce has the potential to boost the $3.4tn African Continental Free Trade Area market. They said…
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FG Makes N2tn Taxes From Google, Facebook, Foreign Firms – Report
Google, Netflix, Facebook and other foreign companies operating in Nigeria have paid over N1.98tn in taxes to the account of…
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Banks Lose N6bn To Fraud In Six Months – Report
Mobile fraud, computer/web fraud, and Point of Sale fraud cases made Nigerian banks to record 24,232 fraud cases in the…
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FG To Re-Introduce National Tax Amnesty
President Bola Tinubu The Federal Government plans to re-introduce the national tax amnesty scheme, according to a statement on Thursday.…
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Naira Tumbles To 900/$, CBN Vows BDC Operators Clampdown
The naira tumbled against the United States dollar at the parallel market on Wednesday, closing at 900/dollar. This came barely…
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‘FX Pressure To Continue Except Crude Repayment Loan Is Well Managed’
According to analysts at Cordros Capital, the loan is a favourable short-term fix in providing near-term FX supply to support…
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Nigeria’s Inflation To Hit 28% By Year End, J.P. Morgan Projects
Govt not subsidising petrol at current prices’ J.P. Morgan says Nigeria’s headline inflation will continue to trend upwards as policy…
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CBN Unveils FX Price Verification System Portal
The Central Bank of Nigeria has introduced a foreign exchange price verification system designed for importers to have access to…
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Naira Rebounds, Trades 850/Dollar At Parallel Market
The naira rebounded against the United States dollar at the parallel market on Wednesday, closing at 850/dollar. This came about…
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NCDMB Backs Workplace Anti-Corruption Campaign
The Nigerian Content Development and Monitoring Board has vowed to back the campaign against corruption in the workplace. The board…
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Nigeria Accumulated N44 Trillion Deficit In 24 Years
• Experts demand centralisation of tax collection process The Federal Government accumulated a total of N44.062 trillion in fiscal deficits…
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Naira Slump: CBN Clamps Down On Speculators, Restricts Diaspora Remittances
Following the tumbling of the naira at the parallel market in recent times, the Central Bank of Nigeria has started…
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Dollar Shortage Threatens Aircraft Insurance, Operators Lament
As the naira continues to freefall against major currencies, especially the dollar, airlines, according to the Chief Operating Officer of…
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SEC Launches Investigation Into FBN Holdings Tussle
The Securities and Exchange Commission has opened an investigation into the ongoing tussle at First Bank of Nigeria Holdings Plc.…
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CBN Reveals How Diversion Of Diaspora Remittances Contributed To Naira’s Recent Freefall
Following the freefall of the naira against the US greenback, the dollar, the Central Bank of Nigeria (CBN), has attributed…
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