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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Despite naira scarcity, e-payment falls to N37.67tn
Cashless transactions fell to N37.67tn in February 2023 as Nigerians had to grapple with failed and delayed cash transfers. This…
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Four days that shook the US banking system
The United States banking system has been gripped in recent days by a series of convulsions that has seen the…
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CBN ends cash swap programme in rural areas
The Central Bank of Nigeria says residents of rural and unbanked areas can no longer swap old notes for new…
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CBN issues guidelines on open banking
The Central Bank of Nigeria has issued operational guidelines for open banking in Nigeria to ensure stability in the…
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Stock market rebounds as investors gain N107bn
The Nigerian Exchange Limited on Wednesday rebounded as investors gained N107bn. The market had recorded about N1bn loss on Tuesday.…
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Government extends electronic transfer levy to domiciliary accounts
•Banks contend with crowds of customers as operators ration old notes •Some old notes already destroyed, sources claim In the…
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Telcos hamonise shortcodes for credit recharge, others
Telecommunications operators have commenced the hamonisation of shortcodes across all networks. The announcement, which was made, yesterday in Lagos…
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Fuel, FX subsidies removal will save FG N10tn – Report
Nigeria is going to save about N10tn annually by the elimination of subsidies on Premium Motor Spirit, popularly called petrol,…
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Supreme Court orders old N200, N500, N1,000 notes to remain legal tender till Dec 31
…Declares Buhari’s order on new naira invalid The Supreme Court has invalidated the new naira design policy initiated by the…
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Banks’ assets rise to N73tn – CBN
Total assets of the banking industry grew by N14.36tn or 24.24 per cent from N59.24tn at the end of December…
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Private sector gets N42tn bank loans – Report
Banks credit to the private sector rose from N35.18tn recorded at the end of January 2022 to N42.25tn in the…
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Only 24% of CBN Anchor Borrowers’ loans repaid – IMF
The International Monetary Fund has disclosed that only 24 per cent of loans dirbursed under the Anchor Borrowers’ Programme of…
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ILO seeks global effort to tackle poverty
The Director-General, International Labour Organisation, Gilbert Houngbo, has called for a global momentum to strengthen sustainability in order to reduce…
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Google announces $4m funds for startups in Africa, Europe
Google has announced applications for the third cohort of its Black Founders Fund for startups in Africa and Euroupe. This…
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Currency in circulation drops to N1.38tn – CBN
The total amount of currency-in-circulation in the country dropped from N3.29tn as of the end of October 2022 to N1.38tn…
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Traders dare CBN, accept old N1,000, N500 notes
Amid the crisis trailing the naira redesign, angry traders have begun to defy the Central Bank of Nigeria’s order banning…
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Mobile subscription rises to 225.88 million, says NCC
The adoption of mobile technology continues to grow in Nigeria with the total number of mobile subscriptions hitting 225.88 million…
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Exporters eye $158bn market as FG lifts charcoal ban
The Federal Government has announced the conditional lifting of the ban on charcoal and processed wood export in a bid…
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CBN reviews tenure of banks’ directors
The Central Bank of Nigeria has revised the regulatory requirements for the tenure of executive management and non-executive directors of…
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No plans to shut down during polls – Banks association
The Association of Corporate Affairs Managers of Banks, the umbrella body of Corporate and Marketing Communications Professionals working in Nigeria’s…
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