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’s short-term loans to banks drop to N11 trillion
Financial data obtained by media source suggest that deposit money banks (DMBs) had less reason to worry about liquidity last…
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CBN loan repayments to gulp 62% of revenue – W’Bank
The World Bank has projected that interest payments on the Federal Government’s borrowing from the Central Bank of Nigeria…
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More banks suspend international transactions on naira cards
Guaranty Trust Bank Plc has joined a growing list of Nigerian banks to suspend international transactions of their naira-denominated Mastercard.…
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Old notes: Extend deadline to June, Senate tells CBN
The Senate has urged the Central Bank of Nigeria to urgently extend the withdrawal of old currency notes from circulation…
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Local content project gulps N2tn
The Federal Government has spent a total of N2tn ($4bn) on the development of local content in the last 12…
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Review RT-200 FX policy, W’Bank tells CBN
The World Bank has asked the Central Bank to reconsider its RT-200 Programme despite its good intentions. According to the…
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Tax revenue vital to Nigeria’s survival – CITN
The pioneer District Chairman of the Chartered Institute of Taxation of Nigeria, Mowe/Arepo & District Society, Akin Akindele, says tax…
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Nigeria missed 2022 poverty reduction target – W’Bank
The World Bank Group has said that the estimated per capita income growth of 0.7 per cent for Nigeria and…
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Why we’re not accepting new naira notes – Traders
Six days after the new naira notes went into circulation, some traders are still finding hard to accept it as…
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Cash limits: Emefiele bows to pressure, raises withdrawals to N500,000, N5m
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has finally bowed to pressure to revise the bank’s…
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Buhari seeks fresh N819bn loan, domestic debts hit N22.57tn
Nigeria’s domestic debt rose to N22.57tn as the Federal Government on Wednesday proposed a last-minute supplementary budget for the…
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NASS to pass new revenue-sharing formula, budget Thursday
The President, Major General Muhammadu Buhari (retd.), has transmitted the Finance Bill 2022 to the National Assembly as the…
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Naira redesign will affect the poor, SMEs — W’Bank
The World Bank has warned the newly redesigned naira which went into circulation last week may have negative effect on…
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Wheat price rises by 50% as import falls
The price of durum wheat has risen by 50 per cent since the start of 2022 and its importation has…
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Three banks drive sector’s 81.5% contribution to market turnover
Three bank stocks – Sterling Bank Plc, Access Holdings Plc and Guaranty Trust Holding Company Plc (GTCO) – drove activities…
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Cash limits: PoS operators give CBN ultimatum
The Association of Mobile Money and Bank Agents in Nigeria has expressed optimism that the Central Bank of Nigeria…
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FG receives over $1 billion FDI in mining sector
The federal government of Nigeria has stated that Nigeria’s mining sector received over $1 billion in Foreign Direct Investments (FDI)…
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Forex Shortage Hurting National Development – Emefiele
Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has lamented the impact of foreign exchange shortage on achieving…
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Firms, individuals refuse to pay N5.2tn debts – Minister
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, said the Federal Government was owed approximately N5.2 trillion…
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Inflation pushes 5m into poverty, wage value down 35%
The World Bank has said that Nigeria is in a worsening situation, with economic performance becoming weaker as inflation persists.…
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