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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Guinness Nigeria loses N31 billion in market value in two days
As low sentiment continues to deepen in the Nigerian equities market, Guinness Nigeria’s share price depreciated by 19% to close…
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Naira depreciation, inflation erode workers’ N25tn salaries
The endless depreciation of the naira and the rising inflation have eroded Nigerian workers’ N24.88tn salary received in the…
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FX scarcity, fuel hike push inflation to 21.09%
The increase in the price of fuel, scarcity of foreign exchange, and disruption in food supply chain pushed headline inflation…
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Ncdmb Moves Practical Nigerian Content Conference To Uyo
The management of the Nigerian Content Development and Monitoring Board has announced the movement of her flagship annual Practical Nigerian…
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SMEs: A Catalyst To Upscale Economy In D-8 Countries – Fasanya
By Genevieve Aningo The Director General of the Small and Medium Enterprises Development Agency of Nigeria, (SMEDAN), Mr. Olawale Fasanya…
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Japan seeks increased trade with Nigeria
The Managing Director, Japan External Trade Organisation, Takuma Taninami, has said the current business relationship between Nigeria and Japan…
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Musk tells Twitter staff remote working will end
Elon Musk has told Twitter staff that remote working will end and “difficult times” lie ahead, according to reports.…
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Forex crisis: Traders lose as naira rebounds to 720/dollar
The naira has rebounded by 20.8 per cent to 720/dollar at the parallel market, findings by media source have shown.…
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Adidas reduces profit forecast after split from Kanye
German sportswear giant Adidas slashed its earnings forecast on Wednesday, saying the end of its partnership with rapper Kanye…
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AMCON recovers N307bn debt in two years
The Asset Management Corporation of Nigeria recovered a total of N307 billion debts between 2020 and 2021. An inter-agency committee…
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11,000 Meta workers sacked, African team’s fate uncertain
The fate of Meta’s African team hangs in the balance as the firm announced the layoff of 11,000 workers on…
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FG urges low-income earners to embrace cooperative housing
As part of efforts to bridge the nation’s housing gap, the Federal Government has encouraged the use of cooperatives…
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FG’s six-month expenditure exceeds revenue by N6tn
The Federal Government’s expenditure in the first six months of 2022 exceeded revenue by N6.23tn, latest figures obtained from…
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Japan leverages fair for improved ties with Nigeria
The Japan External Trade Organisation (JETRO) has expressed optimism about Nigeria’s investment climate amid the harsh operating conditions for businesses…
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Pension assets fall by N2bn in one month
The total assets under the contributory pension scheme lost nearly N2bn in one month. This was contained in the National…
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FG’ll bring down prices of food products –Minister
The Minister of Agriculture, Muhammad Abubakar, on Thursday, said the Federal Government was working towards bringing down prices of…
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FG eyes more taxes, fewer incentives in 2023
The Federal Government plans to introduce more sin taxes and cut down on tax incentives in 2023 through the…
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Telcos earn N1.92tn from calls, data
MTN and Airtel made N1.92tn from calls and data between January and September, 2022. This is according to data from…
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CBN eyes stronger digital economy, eNaira grows 190%
The Central Bank of Nigeria is targeting a stronger digital economy to support the growth of the financial systems.…
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FG exceeds loan target by N1.12tn, borrows N5.3tn
• Experts warn Buhari, propose revenue drive • FG’s recurrent rise 217% to N8tn The Federal Government exceeded its borrowing…
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