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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Reps dump N22.7tn loan request, okay N1tn borrowing
The House of Representatives, on Tuesday, partly approved of the requests made by the President, Major General Muhammadu Buhari…
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CBN will accept old naira notes after deadline, says Emefiele
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the bank will continue to accept old naira notes…
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Nigeria’s economic growth to hit 3.2%, says IMF
Nigeria’s economy is set to grow from 3.0 per cent in 2022 to 3.2 per cent in 2023 due to…
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New naira: CBN allocates N30m daily to Bauchi banks
The Central Bank of Nigeria, Bauchi State, says it allocates N30 million new naira notes daily to each branch of…
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EU earmarks €102.5m humanitarian aid for Nigeria, others
The European Union says Nigeria and other countries in the Lake Chad region will benefit from its €102.5m humanitarian aid.…
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Cash swap: CBN bars Abuja, Lagos PoS operators
The Central Bank of Nigeria has excluded mobile money/Point of Sales agents in Abuja and Lagos from its newly launched…
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CBN injects $15.3bn to stabilise naira
The Central Bank of Nigeria injected $15.3bn into the economy to stabilise the value of the naira from January…
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Nigeria’s Trade Surplus Rises 69% To $11.58bn
Nigeria’s trade surplus rose year-on-year by 69 percent to $11.58 billion in the first ten months of 2022 from $6.85…
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Airtel Confirms Purchase Of 4g/5g Spectrum In Nigeria For $316.7 Million
Airtel Africa has announced its Nigerian subsidiary, Airtel Networks Limited has acquired 100 MHz of spectrum in the 3500MHz band…
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Pension: PIAFRICA 2023 To Focus On Investments, Risk Management, Others
Experts will discuss the latest developments and trends in the African pension market, Nigeria in particular at the conference. Alternative…
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Electronic Transfers Hit 3.5 Billion In 2022 As Nigeria Maintains 6th Position Globally
The decision of the Central bank of Nigeria (CBN) to turn the economy to a cashless one is fast yielding…
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World Bank warns of fresh global recession, higher poverty in SSA
•Pegs global growth at 1.7 per cent, 2.9 per cent for Nigeria The global economy may slide into recession this…
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New naira: CBN to monitor commercial banks’ compliance
The Central Bank of Nigeria will be monitoring commercial banks to ensure that they comply with the directive of loading…
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Investors stake N27.2 billion on equities in four days
The Nigerian Exchange Limited (NGX) last week, recorded a turnover of 921.8 million shares worth N27.2 billion in 15,601 deals.…
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Forex crisis, others threaten business growth – NECA
The Nigeria Employers’ Consultative Association has stated that dwindling input and forex scarcity were adversely impacting businesses in the country.…
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State govts withdraw N701.54bn, NFIU bans cash transactions
The Nigeria Financial Intelligence Unit has prohibited cash withdrawals from accounts belonging to the Federal Government, all its agencies, states…
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Nigeria’s debt to hit N77tn, loan servicing gulps N5.2tn
Nigeria’s public debt burden may hit N77tn if the National Assembly approves the request by the President, Major General Muhammadu…
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Telcos, ISPs ready for Elon Musk’s Spacelink competition in Nigeria
•Starlink pegs hardware cost $600, monthly subscription at N31, 000 Though they agreed that, Nigeria’s telecommunications sector would be very…
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External reserves fell by $3.43bn in 2022 – Report
Nigeria’s external reserves fell by $3.43bn in 2022, according to figures obtained from the Central Bank of Nigeria. The CBN…
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Buhari signs ₦21.8trillion 2023 budget into law
President Muhammadu Buhari on Tuesday signed into law the 2023 appropriation bill of N21.83 trillion. Buhari signed the bill…
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