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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Stock investors lose N571bn in one week
Investors lost N571bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The NGX…
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Nigerians Trade N497bn Bitcoin Amid CBN Ban
Nigerians traded N497.35bn ($1.16bn) worth of Bitcoin from the beginning of 2021 to June 2022, indicating an increasing prominence of…
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Emefiele, FIRS boss shun subsidy hearing, Reps kick
The House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2022 has…
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Stallion eyes 20% of Nigeria’s SUV market
Stallion MG has expressed confidence that its recently launched MG ZS will capture between 15 per cent and 20 per…
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FG to generate N484bn from e-payment channels
The Federal Government is set to make a total of N483.73bn in three years from electronic payment boom by way…
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Nigeria spends $2.35bn on phone importation – Report
Nigeria spent $2.35bn on telephone importation in three years, according to data from the International Trade Centre. The nation spent…
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Debt servicing to hit N10.43tn, economists slam FG
The Federal Government has projected that debt servicing will cost N10.43tn by 2025, according to the 2023-2035 Medium Term…
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FG to implement telecoms, beverage taxes in 2023
The Federal Government through the Budget Office of the Federation has revealed that it will begin the implementation of…
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N21tn required to bridge 28m housing deficit – FG
The amount required to fund the housing sector in Nigeria and bridge the estimated 28 million housing deficit across the…
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High debt hurting investment in infrastructure –DMO
The Director General of the Debt Management Office, Patience Oniha, has said that high debt levels lead to high debt services…
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FG to generate N160bn from call, data taxes
The Federal Government will generate about N160.46bn from excise duty on telecommunication services in 2023. According to the Nigerian Communications…
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W’Bank commits $8.5bn to Nigeria, faults N6.7tn subsidy
The World Bank has committed $8.5 billion to Nigeria to fund critical issues ranging from agriculture to education. Disclosing this…
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FG fails to disburse over N11.2bn fund – Miners
The Miners Association of Nigeria has decried the lack of adequate funding in the mining sector, stating that the Federal…
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Nigeria’s budget deficit hits N30.58tn in seven years
Budget deficit has risen to at least N30.58tn in the last seven years. This is according to data from…
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FG pays N405bn interest on CBN loans
…despite no budgetary allocation for it The Federal Government paid an interest of N405.93bn from January 2022 to April 2022…
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Pension assets rise by N842.73bn in six months
Assets under the Contributory Pension Scheme rose by N842.73bn in the first half of 2022 to hit N14.27tn as of…
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1.9 million vulnerable Nigerians’ll get N38bn grants –FG
More than 1.9 million vulnerable Nigerians are to benefit from about N38bn being disbursed as grants of N20,000 each to…
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DMO commemorates Eurobond, sukuk listings on NGX
The Debt Management Office has leveraged the closing gong ceremony of Nigerian Exchange Limited to commemorate the listing of a…
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FAAC allocation rises 18%, FG, states share N802bn
The federal, state and local governments shared N802.407bn as federation allocation for the month of June, 2022. This represents…
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FX crisis: Made-in-Nigeria products fall 27% to N7.4tn
The monetary value of goods produced by Nigerian manufacturers has nosedived by 27 per cent between 2017 and 2021. According…
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