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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Nigeria targets 10MT per hectare maize production by 2025
The Federal Government, through Nigeria Sovereign Investment Authority (NSIA), has unveiled plans to support increased maize production from 1.5tonnes to…
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Estimated bill consumers rise to 5.85 million – Report
The number of power consumers on estimated billing in Nigeria increased to 5.85 million in the second quarter of 2022,…
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CBN approves payment coy for Access Corporation
The Central Bank of Nigeria has given its final approval for a new payment subsidiary, Hydrogen Payment Services Company…
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Buhari seeks Senate approval for N402bn promissory notes
The President, Major General Muhammadu Buhari (Retd.), in separate letters to the Senate, sought approval for the issuance of promissory…
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Corruption ruining Nigeria, fuel subsidy organised crime – Obi
The presidential candidate of the Labour Party, Mr Peter Obi, has said that fiscal recklessness, inability to tackle insecurity…
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ICPC uncovers N400bn fraud in 2021, 2022 budgets
•••N100bn dubiously inserted •••N50bn manipulated as salaries for ghost workers The Independent Corrupt Practices and Other Related Offences Commission, …
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Shea butter, vegetable oil import gulp $264m – RMRDC
The Raw Materials Research and Development Council has said Nigeria spent $264m on the importation of shea-butter and castor oil…
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Nigeria’s inflation hits 20.52% in August
The National Bureau of Statistics on Thursday said Nigeria‘s headline inflation climbed to a new high of 20.52 per cent…
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Banks deposits rise by 24% to N42tn
Total deposits in the banks rose by 24.17 per cent from N33.85tn as of the end of June 2021 to…
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Stock market loses N38bn as 13 equities decline
The equities market of the Nigerian Exchange Limited declined by N38bn at the end of trading on Monday as…
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2023: Senate, minister disagree over N12.43tn budget deficit
The Senate, through its Committee on Finance, has disagreed with the Minister of Finance, Budget and National Planning, Zainab…
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Nigeria’s cashew earnings hit N192bn, producers target $4bn
Nigeria’s annual earnings from the production and sale of cashew increased to about $450m or N192.64bn (as at Monday’s…
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Companies pay N1.25tn tax amid forex, energy crises
Nigerian firms paid N1.25tn tax to the Federal Government in the first six months of 2022 despite facing acute foreign…
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FG begins tax recovery from 2,000 mining firms
The Federal Government has moved into the solid minerals sector to recover unpaid taxes and royalties from over 2,000 companies…
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Nigeria imports $5.26bn generators, others
Nigeria spent $5.26bn importing electric generating sets, electric transformers, vacuum cleaners, hair clippers, and other electrical machinery and equipment in…
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Nigeria gets $700m as W’Bank disburses $31.7bn
The World Bank says it has disbursed $31.7bn as climate financing in its 2022 fiscal year. It stated that this…
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FG grows VAT by 20%, rakes in N1.2tn
The Federal Government through the Federal Inland Revenue Service has grown its proceeds of Value of Added Tax by 20…
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Nigeria leads as Google supports 60 African startups
Google says 60 African startups have been selected for the second cohort of the Google for Startups Black Founders Fund…
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FG rakes in N127.03bn tax from calls, SMS
The Federal Government made N127.03bn from Value Added Tax on calls, SMS, data, and other information and communication services in…
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Stock investors lose N30bn in one day
The equities market of the Nigerian Exchange Limited declined by N30bn at the end of trading on Monday as…
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