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 Shifts N150bn Loan Disbursement For Manufacturers To September
The Federal Government has shifted the start of the N150bn loan disbursement for manufacturers and micro, small, and medium…
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Stakeholders Charge New PenCom Boss On Retirees’ Benefits
Advocates in the pension industry have urged the newly appointed Director-General of the National Pension Commission, Omolola Oloworaran, to…
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Equity Market Gains N945bn Amid Renewed Bearish Concerns
The Nigerian equity market showed signs of recovery last week, posting a gain of N945bn in overall market performance. The…
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CBN Okays Unity-Providus Merger, SEC Review Next
The Central Bank of Nigeria has okayed the merger of Providus and Unity Bank, as both financial institutions await…
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Naira Falls To 1,621/$ At Official Market
The naira fell to a four-month low on Tuesday at the official window as it traded at 1621. 12/dollar compared…
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Analysts Warn Of Naira Depreciation Amid N311bn Equity Sell-Off
Financial analysts have expressed concerns over the recent trend of high foreign liquidation in the Nigerian Exchange with N311.41bn worth…
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FG’s Revenue Surpassed Budgetary Target, Says Minister
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that the Federal Government’s revenue for…
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Monies In Dormant Accounts Prone To Fraud – Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that monies in dormant accounts in banks…
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Naira Weakens To 1,523/$ At Official Market
The naira depreciated at both the official and parallel markets on Monday. At the official, Nigerian Autonomous Foreign Exchange Market,…
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Equity Market Begins Week With N8Bn Loss
The Nigerian Exchange resumed the week on Monday with a loss of N8.62 billion due to a dip in Caverton…
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NGX Suspends Unity Bank, Seven Others’ Shares
NGX Regulation, the regulatory arm of the NGX Group, has suspended trading in the shares of eight companies for default…
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43% Of Small Businesses Less Than Five Years – Report
The majority of small businesses in the informal sector, accounting for 42.7 per cent of small business owners, have been…
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CBN To Slow Down Rate Hikes Soon – Cardoso
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has stated that it will soon be able…
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Demand Deposits Rise N29.67tn In May – CBN
Demand deposits have jumped by 206.83 per cent from N9.67tn in May 2019 to N29.67tn this year’s May, according to…
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SEC Approves Chiemeka’s Appointment As NGX CEO
The Securities and Exchange Commission has approved the appointment of Jude Chiemeka as the Chief Executive Officer of the…
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FG Plans N2tn Economic Revival Scheme, Inaugurates Council
The Federal Government has presented the outcomes of its review of the accelerated stabilisation and advancement plan, which seeks…
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‘CBN Directive On FX Deposit To Boost Reserves’
Financial experts have said that the latest directive from the Central Bank of Nigeria asking banks to deposit their…
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New Minimum Wage May Push States Into Bankruptcy — NGF Report
As the nation awaits the new minimum wage promised to be sent to the National Assembly by President Bola Tinubu, the…
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Analysts Worry Over Nigeria’s Rising Debts, Servicing Costs
Analysts and economic watchers have expressed concerns about Nigeria’s rising debts and the cost of servicing them. The Debt Management…
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Total Transactions On NGX Hit N2.25tn In Five Months
The total transactions on the local bourse have hit N2.35tn at the end of May, indicating a 115.40 per cent…
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