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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Dangote eyes Africa’s petrochemical hub with $2bn plant
Dangote Group is set to complete its $2bn petrochemical plant in Lagos which when fully operational will position Nigeria…
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Insecurity: Agric imports exceed exports by N443.35bn
The value of agricultural goods imported into the country exceeded exports by N443.35bn in the first quarter of 2022 amid…
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PenCom approves N13.21bn for annuity retirees
The National Pension Commission has approved N13.21bn lump sum payments to annuity retirees in the first quarter of 2022. This…
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Senate passes start-up bill, others
The Senate has passed the Nigerian Start-up Bill, 2022. The bill’s passage followed the consideration of a report by…
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Exporters got N20bn rebate from RT200FX – Emefiele
The Governor, Central Bank of Nigeria, Godwin Emefiele, has said that the bank paid eligible exporters over N20bn rebates…
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Outcry as CBN raises interest rate again
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday again raised the Monetary Policy Rate from…
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Traders, buyers groan as food inflation hits 20.60%
Traders and buyers in Lagos markets have expressed dismay over soaring prices of food items as Nigeria’s food inflation figures…
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CBN, PenCom rated low in revenue remittance index
In its quest for transparency and accountability in the petroleum sector, OrderPaper has unveiled the Volume 1 of its Revenue…
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DMO: Nigeria Transparent With Public Debt Information
The Debt Management Office (DMO) has said Nigeria has been transparent with information regarding the country’s public debt. Reacting to…
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Russia-Ukraine War, Covid-19 Hampered Effectiveness Of Monetary Policy Regime –Emefiele
Central Bank Governor, Godwin Emefiele, has said the apex bank is working on improving monetary policies suited for present realities of Nigeria’s…
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NASS to verify companies’ claims in N375bn grant
The National Assembly will verify claims made by companies that are shortlisted for the N375bon Export Expansion Grant. This…
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Inflation pushing Nigeria, others to the brink — IMF
THE International Monetary Fund has said inflation, debt, and forex crisis is pushing the Nigerian economy and other African economies…
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Euro exchanges for N630 at black market as dollar closes up gap
•Parity reveals local currency’s stickiness Despite the parity in the prices of the United States (US) dollar and euro at…
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SITA signs $400m sustainability credit facility
SITA, a global IT provider for the aviation industry, has signed a $400m inaugural sustainability-linked revolving credit facility over a…
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Directors of 10 banks pocket N6.96bn allowance, compensation
Directors of 10 banks collected N6.96bn sitting allowance and compensation in 2021, according to an analysis of the lenders’…
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Senate vows to support AMCON’s debt recovery drive
The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, has reiterated the willingness of the…
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Over 2,000 retirees can’t get monthly pensions – PenCom
No fewer than 2,084 retirees cannot be placed on monthly pension payments and have left the Contributory Pension Scheme in…
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FG to establish wood technology park, plans mass plantation
The Federal Government is to establish a wood technology park for the training of wood technicians. It has also concluded…
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Buhari reappoints Oniha as DG, Debt Management Office
The President, Major General Muhammadu Buhari (retd.), on Thursday, approved the renewal of the appointment of Patience Oniha as…
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FAAC allocation declines by 30%, states’ finances may worsen
Revenue allocation to federal, state and local governments has declined from a peak of N970.57bn in July 2021 to…
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