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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CBN: IMF calls for review of 2007 Act
The International Monetary Fund has called for a review of the Central Bank of Nigeria Act 2007 to strengthen the bank’s…
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World Bank president resigns, to step down in June
World Bank President, David Malpass, announced on Wednesday that he would step down by the end of June from…
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Gains in petroleum stocks lift NGX capitalisation by N20 billion
The Nigerian Exchange Limited (NGX) reopened in an upbeat mood yesterday, as market capitalisation advanced by N20 billion, following gains…
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DMO raises N724.9bn in February bond auction
…increases by 100% The Debt Management Office has announced that it raised N724.9 billion in February 2023 Federal Government bond…
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Meta vows sustained investment as top official quits
Meta, the parent company of social media platforms, Facebook, Instagram and WhatsApp, has said it will continue to invest in…
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CBN uncovers N365m fake notes in five years – Report
The Central Bank of Nigeria seized N365.24m counterfeit notes between 2016 and 2020, according to findings by media source.…
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FG projects 82% of revenue for debt servicing – Report
The International Monetary Fund says the Federal Government has projected to spend 82 per cent of its revenue on interest…
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CBN lacks solution to naira crisis – NECA
The Nigeria Employers’ Consultative Association has said the Central Bank of Nigeria does not understand the naira crisis challenges, pointing…
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Forex scarcity: SEC, NAIC to deepen commodities trading
The Securities and Exchange Commission on Sunday expressed its readiness to partner with the Nigerian Agricultural Insurance Corporation to deepen…
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FG to grant N5.5tn tax waivers in 2023
The Federal Government has budgeted N5.51tn for tax expenditures in 2023. This was according to the 2023 fiscal framework document…
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Jamaica to import vehicles from Nigeria
Jamaica has disclosed plans to source for vehicles from Innoson Vehicles Manufacturing in Nigeria. This plan was revealed by Jamaican…
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Cash shortage exposes e-payment channels’ weakness, says ICAN
As Nigerians grapple with the reality of the new naira note policy, the Institute of Chartered Accountants of Nigeria says…
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Why Supreme Court paused ban on old naira notes —Ozekhome
A lawyer and Senior Advocate of Nigeria, Mike Ozekhome, has explained the judgement of the Supreme Court restraining the Federal…
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Sterling Bank waives transaction fees over naira scarcity
Sterling Bank says it has waived all personal account transaction fees as part of its gesture of solidarity for its…
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N613bn sukuk loan spent on roads, bridges – FG
The Federal Government has spent N612.56bn raised through Sovereign Sukuk between 2017 and 2021 for the construction and rehabilitation of…
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CBN may fine banks hoarding new notes
The Central Bank of Nigeria may fine banks hoarding new notes a sum of N5m and members of the public…
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50% PoS operators close shops over naira scarcity
Over 50 per cent of Point of Sale operators have closed their shops as scarcity of new and old naira…
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Telecom subscribers sue FG over tax
Telecommunication consumers under the aegis of the National Association of Telecoms Subscribers have dragged the Federal Government to court…
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Banking index raises stock market by N1.08tn
Despite investors’ sentiment trading and uncertainty surrounding the 2023 general elections, the anticipation for dividend payout and sectoral performance of…
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Reps mull emergency session over new naira crisis
The Speaker of the House of Representatives, Femi Gbajabiamila, has said the federal parliament will have no option but…
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