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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FG approves new whistleblower bill, cancels tax holiday
The Federal Government, on Wednesday, approved a new whistleblower draft bill. It also lamented that the existing whistle-blowing policy…
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Presidency knocks Kazaure over N89tn stamp duty claim
Following controversies trailing a claim of a missing N89.09tn allegedly siphoned from stamp duty charges, the Presidency on Tuesday…
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Senate postpones hearing on cash withdrawal limits
The Senate on Tuesday postponed the hearing of the report on the Cash withdrawal policy by the committee on…
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Forex, insecurity threatening $2.7bn Nigeria-Canadian trade
Foreign exchange rate and insecurity have been described as major threats and impediments to Nigeria-Canada trade valued at $2.7bn…
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Nestle, 11 stocks lift index further by 0.1 per cent
Gains recorded by many blue-chip stocks, especially Nestle and 11 stocks lifted the all-share index of the Nigerian Exchange…
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Fake farmers benefitting from Anchor Borrowers’ Programme – AFAN
The All Farmers Association of Nigeria, on Wednesday, said most beneficiaries of the billions of naira released by the Central…
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CBN warns against card discrimination
The Central Bank of Nigeria has warned banks, switching companies, and other relevant parties in the Nigerian payment system against…
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Finance minister knocks Fitch, Moody
The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, has condemned the recent downgrades of Nigeria by…
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Customers, companies panic as CBN slashes withdrawal limits
The Central Bank of Nigeria has imposed fresh cash withdrawal limits on individuals and organisations, which will become effective on…
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Nigeria’s foreign trade declines by N1.24tn
Nigeria’s total merchandise trade fell by N1.24tn, from N12.84tn in the second quarter of 2022 to N11.59tn in the third…
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DMO calls for efficient tax administration
The Director-General, Debt Management Office, Ms Patience Oniha, has called on the need for Nigeria to operate efficient tax…
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Pension assets rebound, gain N164bn in one month
The assets under the Contributory Pension Scheme returned to a growth path to gain N164bn in October after incurring a…
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Nigeria Ranks 8 On The African Industrialization Index By The AfDB
Nigeria ranks number 8 on the African Industrialization Index that was released by the African Development Bank (AfDB) Group in…
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Lagosians Can Now Get International Driver’s Permits
Nigerians living in Lagos are now eligible for International Driver’s Permit license beginning in December 2022. This was disclosed in…
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SEC harps on right policies for capital market development
The Securities and Exchange Commission (SEC) has expressed its readiness to pursue appropriate policy measures that will spur activities and…
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Non-oil export proceeds up by $1.79b as CBN pays N81b rebate
The Central Bank of Nigeria (CBN) yesterday, said it has paid out about N81 billion in rebates to hard-working…
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CBN interest rate hike choking MSMEs, say operators
The new 16.5 per cent interest rate is stifling the growth of micro-, small- and medium-sized enterprises in Nigeria.…
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Telecoms contribution to GDP increases by 10%
The contributions of telecommunications to the nation’s real Gross Domestic Product increased by 10.52 per cent year-on-year to hit N7.28tn…
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FG borrows N24tn from CBN amid fiscal risks
The Federal Government has borrowed N6.31tn from the Central Bank of Nigeria through Ways and Means Advances in 10 months.…
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Annual UK-study expenses hits $2.5bn amid forex scarcity
The Governor, Central Bank of Nigeria, Godwin Emefiele, has said annual foreign exchange outflow on study-related to the UK has hit…
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