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
-
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.…
Read More » -
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…
Read More » -
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…
Read More » -
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,…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
Exporters eye $158bn market as FG lifts charcoal ban
The Federal Government has announced the conditional lifting of the ban on charcoal and processed wood export in a bid…
Read More » -
CBN reviews tenure of banks’ directors
The Central Bank of Nigeria has revised the regulatory requirements for the tenure of executive management and non-executive directors of…
Read More » -
No plans to shut down during polls – Banks association
The Association of Corporate Affairs Managers of Banks, the umbrella body of Corporate and Marketing Communications Professionals working in Nigeria’s…
Read More » -
Naira may fall to N900/$ from demand pressure – Report
Andersen, an independent tax and business advisory firm has said that the parallel rate of the naira may fall to…
Read More » -
External reserves fall by $427m in one month – CBN
The country’s external reserves fell by $427.14m in one month, figures obtained from the Central Bank of Nigeria revealed on…
Read More » -
Stock investors lose N281bn in one week
Stock investors lost N281bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The…
Read More » -
Naira crisis worsens as currency-in-circulation tumbles to N1.54tn
Amid the worsening naira crisis, the total amount of currency-in-circulation in the Nigerian economy has tumbled from N3.3tn to N1.54tn,…
Read More »