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 spends N13tn on subsidy, sets removal guidelines
The Federal Government, on Monday, said it was developing a comprehensive guide for the incoming administration of Bola Tinubu,…
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Stocks investors record N136bn loss in one week
Stocks investors lost N136bn at the end of trading last week on the Nigerian Exchange Limited. Suffering a dip…
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Contributory pensions gained N590bn in Q1 – Report
The assets under the Contributory Pension Scheme rose by N590bn in the first quarter of 2023, figures from the National…
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PenCom approves commercial, non-interest banks as mortgage lenders
The National Pension Commission has listed 26 commercial banks by the Central Bank of Nigeria as its approved mortgage…
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Fintech firms’ incubation programme will protect investors – SEC
The Securities and Exchange Commission has said that the safety of investors and their investments in the capital market is…
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CBN expresses commitment to forex expansion
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the banking sector was committed to expanding…
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Debt servicing hits $112m monthly, says CBN
The Federal Government spent $112.35m servicing external debt in January 2023, according to findings. Data from the Central Bank of…
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Trouble looms over rising debt, Budget Office warns
The Budget Office of the Federation has said Nigeria now has a “limited borrowing space” due to its poor…
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Reps query NCC over telecoms fund
The House of Representative, on Monday, queried the Nigerian Communications Commission over remittances and expenses from the Universal Service Provision…
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CBN to sanction banks backing unlicensed foreign firms
The Central Bank of Nigeria has said it will sanction banks assisting the operations of unlicensed foreign firms. It stated…
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Reps ignore outrage, okay Buhari’s N23.7tr extra-budgetary spending
• Adebajo: Nigerians indirectly paying for CBN’s unregulated lending to FG through high inflation • Don’t destroy Nigeria before you…
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IMF cautions as eNaira transactions hit N1.4m
The Managing Director of the International Monetary Fund, Kristalina Georgieva, has cautioned about the unforeseeable “consequences” that could be brought…
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MAN, NECA, NACCIMA reject FG’s excise tax hike
The Organised Private Sector of Nigeria comprising the Manufacturers Association of Nigeria, the Nigerian Association of Chambers of Commerce, Industry,…
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Cash scarcity crippled Nigeria’s economy, says UN
The shortage of the naira in recent times crippled the Nigerian economy, the United Nations has disclosed. It stated that…
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Exiting foreign investment shrinks ETF by 67 per cent in three years
• Exchange hints on four new potential ETFs listings Waning foreign investors’ participation, which has resulted in foreign portfolio…
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Diaspora Nigerians remitted $168bn in eight years – World Bank report
The Nigerian Diaspora community has remitted $168.33bn to the country in the past eight years, according to World Bank reports…
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Eight banks rake in N225bn from e-banking fees
Eight banks made N224.69bn from electronic banking fees as cashless transactions rose to N395.47tn in 2022. Data analysed from the…
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NBS to release new unemployment figures May
The National Bureau of Statistics has said it will release new unemployment and employment figures for the country by May…
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Nigeria not defaulting in China debt repayment, DMO claims
The Debt Management Office (DMO) has described as false, a report claiming that Nigeria is defaulting on Chinese loan repayment…
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Excess Crude Account down to $474,754, says FAAC
FG, states, LGAs share N715 billion in March The Federation Account Allocation Committee (FAAC) shared N714.629 billion among the federal,…
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