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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World Bank lists Nigeria among countries with ‘high food security concern’
The World Bank has retained Nigeria alongside Afghanistan, Somalia, South Sudan and Yemeh as hotspots of global food security concerns,…
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N69.4bn debt: AMCON, Jimoh Ibrahim differ on judgement
The Asset Management Corporation of Nigeria on Thursday said the Court of Appeal, Lagos State Division, has dismissed an appeal…
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FG records N930bn two-month fiscal deficits – CBN
The Federal Government recorded N930.8bn fiscal deficit in January and February 2023 according to the Central Bank of Nigeria.…
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Foreign trade declines by N2.6tn over FX shortage – NBS
The total value of foreign trade has declined by N2.55tn as Nigeria recorded lower exports within a year, according to…
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‘Nigeria’s debt exceeds revenue by N13tn in seven years’
Nigeria’s total debt in seven years outweighed the revenue generated by the Federal Government by N13.26tn, according to findings…
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Inflation, hardship weakened Nigerians’ spending in 2022 – NBS
The National Bureau of Statistics has disclosed that household final consumption grew by -12.47 per cent in the fourth quarter…
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Insurance sector shrinks by seven per cent over cash crunch – NBS
The insurance sector’s growth fell by 7.25 per cent in the first quarter of 2023, the latest figures obtained from…
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NGX domestic transactions fall by 45% –Report
The level of domestic transactions on the Nigerian Exchange Limited has dropped by 45.30 per cent in 16 years, from…
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FG borrowed N6tn from CBN in 2022 – Report
The Federal Government borrowed N6.07tn from the Central Bank of Nigeria through Ways and Means Advances in 2022, according to…
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Ex-finance minister insists Nigeria can service N46tn debt
The former Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said the public debts remain sustainable…
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Again, CBN Curtails Inflation, Raises Interest Rate To 18.5%
By Babajide Okeowo After Nigeria’s Inflation rate hit a 17-year high in April, the policy-setting committee of the Central Bank…
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CBN revokes 179 microfinance banks, others’ licences
The Central Bank of Nigeria has revoked the licences of 179 microfinance banks in the country, as well as four…
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Equity market rebounds as investors gain N15bn
The Nigerian Exchange Limited saw mixed sentiments on the trading floor this past week, which resulted in a gain of…
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98% eNaira wallets inactive, adoption slow – IMF
The International Monetary Fund has disclosed that 98.5 per cent of eNaira wallets have been unused one year after the…
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Bank lending to oil firms hits N7tn, says CBN
The combined bank lending to oil firms operating in the downstream and upstream subsectors of the Nigerian oil and…
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FG urges entrepreneurs to embrace ECOWAS trade scheme
The Federal Government, through the Ministry of Foreign Affairs, has urged exporting manufacturers to key into the trade immense…
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Forex inflow drops by $3bn in three months – Report
Net foreign exchange inflow into the economy fell by $2.6bn in the fourth quarter of 2022, according to the latest…
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Federal allocation drops again as FG, states share N655bn
The Federation Account Allocation Committee says it shared N655.93bn among the three tiers of government in April 2023. The…
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USSD debts: Telcos may charge customers for bank transfers
Telecommunication operators may soon begin to charge bank customers’ airtime or data for Unstructured Supplementary Service Data transactions, media has…
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Food, housing, logistic costs push inflation to 22.22%
Nigeria’s inflation rate increased for the fourth consecutive month this year to 22.22 per cent in April from the 22.04…
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