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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Naira depreciation’ll worsen Nigeria’s food, energy crisis — W’Bank
The shrinking value of the Nigerian naira and currencies of most developing economies are driving up food and fuel prices…
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Obasanjo, Abiodun, Others For PAWISCA Inauguration
Former President Olusegun Obasanjo, Ogun Governor, Dapo Abiodun, Governors and other dignitaries are expected at the inauguration of Platform…
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Game Store Revokes Plan To Sell Its Assets, To Exit Nigeria
The South African Retail Company, Game Store has begun stock clearance sale targeted at closure of all its branches nationwide…
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Union Kicks Over Secret Sale Of Polaris Bank
National Union of Banks, Insurance and Financial Institutions’ Employees, NUBIFIE, has rejected last week’s sale of Polaris Bank Nigeria Limited,…
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Elon Musk takes over Twitter, fires executives
Elon Musk took control of Twitter and fired its top executives late Thursday in a deal that puts one…
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Three banks report 26,877 fraud cases in H1
Access Bank, GTB and Fidelity Bank recorded 26,877 fraud cases in the first six months of the year, according to…
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FG earmarks $7bn for poverty reduction
The Federal Government says it has earmarked about $7 billion within the last seven years in its efforts to…
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Telcos fume as FG orders tariff hike reversal
The Federal Government has ordered telecommunication companies to reverse their recent 10 per cent hike in calls and data prices.…
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FG records N5.33tn deficit in eight months
…meets 64% revenue target of N6.65tn Amid Nigeria’s tight fiscal space, the Federal Government has recorded a deficit of…
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Naira may devalue by 20% in 2023- BoA
Nigeria’s local currency unit is set to weaken further next year as its current exchange rate to the dollar is…
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Inflation hits 20.77%, food supply, FX crises worsen
…NACCIMA, NECA fume, economists forecast worse days Nigeria’s Inflation hit a new high of 20.77 per cent in September as…
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Nigeria’s debt risky, unsustainable –Report
An Abuja-based policy think tank, Agora Policy, has said Nigeria’s debt is unsustainable and puts the country in a…
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NECA to boost export with more local production
The Nigeria Employers’ Consultative Association has begun moves to boost export increasing local production capacity of its members. A statement…
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Rising interest rates may disrupt housing markets – IMF
The International Monetary Fund has said that the continuous hikes in interest rates by central banks around the world would…
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CBN eyes 7,740 agents to drive eNaira adoption
The Central Bank of Nigeria is targeting no fewer than 10 agents in the 774 local government areas in Nigeria…
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PoS transactions soar to N15tn in two years
Point of Sales transactions reached a N15tn mark in two years, according to data culled from the Nigeria Inter-Bank Settlement…
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MTN to offer 365,000 smartphones through financing scheme
MTN Nigeria Communication Plc is set to enable 365,000 Nigerians with access to smartphones by 2023. The telecommunication firm is…
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World Bank, IMF to assess Nigeria’s debt sustainability
…lenders worry about petrol subsidy The President of the World Bank Group, David Malpass, has said that the bank will…
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CBN risking financial instability with rate hikes — IMF
The International Monetary Fund has warned that Nigeria and other emerging economies risk financial stability by continuously raising benchmark interest…
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Corruption: W’Bank sanctions seven Nigerian firms, individuals
The World Bank has disclosed that it sanctioned seven Nigerian firms and individuals for corruption during its 2022 fiscal year.…
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