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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Commercial banks borrow N4.4tr from CBN in 3 months
34 per cent of commercial loans held by public sector Deposit money banks (DMBs) accessed an accumulated value of…
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FG pays foreign firm $496m for contract violation
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami has disclosed that the Federal Government has settled…
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Stock market gains N197bn in bullish trading week
Investors in the Nigerian stock market saw the worth of their shares rise by N197bn last week as 43 firms…
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Banks’ assets rise 22% to N65tn
Total assets in the Nigerian banking sector rose by N11.8bn in one year to N65.48tn as of the end of…
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Nigerian economy shrinks by N63bn, 28 sectors struggle
Twenty-eight sectors of the economy declined in the second quarter of 2022 as real Gross Domestic Product shrunk by N63.49bn…
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FG proposes N19.76tn budget for 2023
The Federal Government is proposing a budget with estimates totalling N19.76tn, while the deficit will hover between N11.30tn and…
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Dangote to cut sugar import by 40%
The management of Dangote Sugar Refinery Plc has said it is set to reduce the importation of sugar into the…
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Insurance industry’s premium rises 10% to N560bn
Nigerian insurance industry generated N560bn from businesses written in 2021 financial period. The outgoing Chairman, Nigerian Insurers Association, Mr Ganiyu…
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UBA, African firm partner on innovative payment solutions
The United Bank for Africa Plc and MFS Africa, Africa’s digital payments hub, have entered into a partnership that will…
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Nigeria exports N1.8tn products amid challenges, says NEPC
In spite of challenges faced by farmers and exporters, Nigeria exported products worth N1.77 trillion between January and June 2022…
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Forex inflows drop 17% to $6.6bn
Aggregate foreign exchange inflows into the economy fell by 17.3 per cent to $6.58bn in April. The Central Bank of…
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FG records N643.09bn fiscal deficit in one month
The Federal Government’s fiscal deficit rose from N491.28bn in March to N643.09bn in April, according to figures obtained from the…
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Poor documentation: N93bn pensions unpaid into workers’ accounts
A total of N93.49bn worth of pensions was paid by employers but was not credited into workers’ Retirement Savings…
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Stock investors lose N158bn in one week
Investors lost N158bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The…
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Retail Price Of Kerosene Rises 98.76% — NBS Report
The National Bureau of Statistics (NBS), says on a year-on-year basis, the average retail price per litre of Household Kerosene…
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CBN Returns Interest Rate On Intervention Loans To 9%
The Central Bank of Nigeria (CBN) has reversed the five per cent interest rate on all its intervention facilities to…
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PenCom exempts retirees earning below N10,000 from pensions
The National Pension Commission has said retirees who are entitled to less than N10,000 monthly pension at retirement can take…
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FG must regulate solar products’ quality – Experts
The Standards Organization of Nigeria, SON, and other renewable energy experts have called on the Federal Government to ensure quality…
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FG to launch $750m World Bank-backed programme
The Presidential Enabling Business Environment Council, on Tuesday, unveiled its plans to kickstart a $750m World Bank-funded programme in…
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Good leadership important to boost economy – LCCI President
The President, Lagos Chamber of Commerce and past District Governor of Rotary International District 9110, Dr Olawale Cole, has…
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