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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External reserves fall by $3bn in six months – CBN
Nigeria’s external reserves fell by $2.85bn in the first half of 2023 due to external debt finance among other challenges,…
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Naira devaluation: Expect price hike, telcos tell subscribers
Telecommunication firms have said they are working with their regulator, the Nigerian Communication Commission, to review the prices of their…
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ILO governing body elects Adejola new chair
The International Labour Organisation’s Governing Body announced the appointment of Abiodun Adejola as the chairperson for the period of 2023-24.…
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Currency in circulation jumps to N2.53tn – CBN
Currency in circulation in the country rose by 157.27 per cent at the end of March to N2.53tn as of…
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CBN reviews limits on contactless transactions
The Central Bank of Nigeria has issued a guideline placing a limit on contactless payment. This was disclosed by the…
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World Bank okays fresh $500m loan for FG
The World Bank Group has approved a loan of $500m to help Nigeria drive women’s empowerment, media has learnt. This became the…
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FG, states, LGAs share N786bn May revenue
The Federation Account Allocation Committee says it shared N786.16bn among the three tiers of government in May 2023. The figure…
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States external debt rises to N3tn
The external debt burden of the 36 states and the Federal Capital Territory may rise by as high as over…
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Naira devaluation pushes Nigeria’s export to N42tn
The value of Nigeria’s export may rise to at least N41.99tn per year following the Central Bank of Nigeria float…
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Naira weakens to 770.38/$ at official market
The naira slumped further to the dollar after closing at 770.38/$ at the end of trading on the investor &…
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CBN Maintains Status Quo On 43 Banned Items Policy
Amid objections by stakeholders, the Central Bank of Nigeria (CBN) has maintained that the 43 non-eligible items banned from the…
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Tinubu’s Policy Document Targets $60bn Reserve
President Bola Tinubu An economic policy document prepared for President Bola Ahmed Tinubu’s government is targeting foreign reserves in the…
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BDC Operators To Operate Under Fresh Guidelines
The Federal Government has been asked to increase the capital requirements of Bureau De Change (BDCs) operators that seek to…
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Amid Naira Floatation, MAN Braces Up For Rising Import Costs
The Manufacturers Association of Nigeria, MAN, has braced up for rising imports cost and foresees economic uncertainties and exchange rate…
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Naira weakens to 702/$, CBN fresh FX supply likely
The naira traded at 702.19/dollar at the close of business on Thursday, as the Central Bank of Nigeria has allowed…
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Binance Operations Declared Illegal By SEC, Nigeria’s Market Regulator
Nigeria’s markets regulator, the Securities and Exchange Commission, SEC has ordered the world’s largest cryptocurrency exchange platform, Binance to halt…
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Financial Market Will Remain Stable Inspite Of Emefiele’s Suspension- Expert
Following the suspension of Godwin Emefiele as the Governor of the Central Bank of Nigeria, a financial expert, Mr Mike…
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Nigeria, S’Africa, Egypt Blamed For Africa’s Slow Economic Growth
Nigeria, South Africa and Egypt- the three biggest economies in Africa have been fingered for contributing significantly to the continent’s…
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World Bank Downgrades Nigeria’s 2023 GDP Growth to 2.8%
The World Bank has downgraded Nigeria’s Gross Domestic Product GDP growth rate to 2.8% in 2023, a slight revision downward…
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Emefiele arrested in Lagos, flown to Abuja for questioning
The Department of State Services has said the suspended governor of the Central Bank of Nigeria, Godwin Emefiele, is now…
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