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 Raises Fresh N284bn As T-Bills Debt Hits N10tn
The Federal Government through the Central Bank of Nigeria has raised a total sum of N284.26bn in the latest…
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Otedola Overtakes Otudeko In First Bank, Buys Fresh 797.9m Shares
• Stake now 11.63% Mr Femi Otedola, billionaire businessman and chairman of First Bank Nigeria (FBN) Holdings Plc, yesterday, acquired additional…
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Naira Sells 1,485/Dollar As Official Forex Market Records $23Bn
Forex turnover at the official foreign exchange market has increased to $23.29bn within over six months of trading following a…
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Food Price Hike Worries Operators Amid N1.25tn Agric Budget
The high prices of food items in the market amid its availability do not speak well of the over N1.25tn…
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Inflation, Forex Shortage Worry MPC Members
Besides controlling Nigeria’s persistent inflation, members of the Monetary Policy Committee of the Central Bank of Nigeria also have improvement…
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8,651 Jobless Workers Withdrew N14bn From Pension Savings –PenCom
About 8,651 Retirement Saving Account holders withdrew N14.20bn in the first quarter of 2024 due to temporary job loss.…
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EU Raises Schengen Visa Fee To €90
More expenses await African nationals seeking visas to enter the European Union as the EU plans to increase visa fees…
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Naira Strengthens To 1,339.33/$ At Official Market
The naira appreciated to 1,339.33/$ at the close of trading on the official window on Monday, gaining 9.68 per cent…
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136% Of 2023 FX Inflows Recorded In Three Months – Cardoso
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has disclosed that the foreign exchange inflows recorded…
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FG May Need Supplementary Budget To Pay Minimum Wage – IMF
The Federal Government may need to raise a supplementary budget to accommodate the proposed minimum wage increase for workers. This…
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Only 25% Of Bank Deposits Insured – NDIC Boss
The Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation, Bello Hassan, has revealed that only 25 per cent…
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MPC May Keep Interest Rate High, Says Cardoso
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has said that the members of the Monetary…
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Q1 Foreign Debt Servicing Gulped $1bn – CBN
The Federal Government spent about $1.12bn on foreign debt service payments in the first quarter of 2024, highlighting the growing…
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FG Faults Proposed Telecoms Tariff Hike
The Federal Government has faulted the proposal by telecommunications companies to raise their tariffs, emphasising that increasing data, voice and…
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Govt Under Pressure To Stop Cybersecurity Levy
The House of Representatives, Northern Elders Forum and some members of the Organised Private sector on Thursday asked the…
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BDC Operators Arrested As Naira Sells 1,416/$
Operatives from the Economic and Financial Crimes Commission on Tuesday reportedly arrested some h Bureau De Change operators at the…
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Cashless: CBN Suspends Charges On Cash Deposits
The Central Bank of Nigeria has directed banks to stop charges on cash deposits until September 30, 2024. CBN disclosed…
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CBN Asks Banks To Charge 0.5% Cybersecurity Levy
The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions.…
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Don’t Trade In Crypto, Opay, PalmPay, Others Warn Customers
Nigerian fintech companies have warned their customers against trading in cryptocurrency or any virtual currency on their apps, threatening to…
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CBN Worries Over Declining Economic Activities
The Central Bank of Nigeria has expressed concern over the declining economic activities in the country. The CBN deputy governor…
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