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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Nigerians beat CBN restrictions, trade N78bn Bitcoin in three months
Nigerians traded at least N77.75bn ($185m) worth of Bitcoin in the first three months of the year despite the Central…
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Nigeria’s public debt climbs by N2.04tn in Q1 – DMO
The Debt Management Office said on Tuesday that Nigeria’s total public debt stock increased to N41.60tn in the first…
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Nigeria’s imports from China rise by 183.91%, debts hit $3.67bn
Nigeria’s import from China rose by 183.91 per cent from N530.98bn in the first quarter of 2018 to N1.51tn in…
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FG probes Wema Bank and BetNaija over alleged data breach
The Nigeria Data Protection Bureau has said it is investigating Wema Bank and KC Gaming Networks, also known as BetNaija,…
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New steel plant plans to reduce $3.3bn imports
The Group Managing Director, African Industries Group, Alok Gupta, has said Nigeria needs to develop its large steel deposits and…
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E-payment: Nigerians’ spending on utility bills soars by 387%
The amount Nigerians spent on electronic bills such as power and other utilities grew by 387.19 per cent from N189.50bn…
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FG warns farmers against selling government-provided inputs
The Minister of Agriculture and Rural Development, Dr. Mahmood Abubakar, has warned smallholder farmers against selling the agricultural inputs given…
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Investment Consultant Set To Provide Houses For Poor, low-Income Nigerians
Mr Fazazee Nasiru, the Chief Executive Officer of Naskaxe, an investment consultant, says he is set to provide houses for…
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Buhari woos Spanish investors with tax holidays, calls for collaboration
The President, Major General Muhammadu Buhari (retd.), on Thursday in Madrid, extended fiscal investment incentives to Spanish investors to…
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Why Nigeria may not adopt Bitcoin as legal tender
In April 2022, the Central African Republic became the first African country to adopt Bitcoin as a legal tender. The…
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Bank customers to produce indemnity for online transfers above N1m – CBN
The Central Bank of Nigeria has ordered banks and Payment Service Providers to accept indemnity from customers for highly…
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Telcos blame govs, others as ICT’s GDP contribution tumbles
The contribution of the Information and Communication sector to Gross Domestic Product fell by nine per cent from N3.1tn in…
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Nigeria, others face high risk of food crisis – Report
Nigeria and 44 other countries around the world are severely exposed to the Ukraine war-induced food crisis, a study by…
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Airfares surge by 52% over forex, jet-A1 crisis
The average airfare paid by passengers on specified routes for a single journey has increased by 52 per cent in…
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UBA supports African business growth
The Deputy Managing Director, UBA, Oliver Alawuba, said the bank was committed to supporting businesses across the African continent. He…
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Anambra Govt. To Source N68bn For Execution Of Major Projects From Capital Market
Anambra Government says N68 billion of the total estimated N170 billion budget for 2022 financial year will be sourced from…
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Buhari, Others Pledge $10m For AU Humanitarian Agency
The President, Major General Muhammadu Buhari (Rtd.), on Friday in Malabo, Equatorial Guinea, pledged $3m as part of collective…
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AfDB Targets Wheat Importation Cut In Nigeria By 40% By 2023
The African Development Bank (AfDB) says the heat-tolerant wheat production, being supported by the Bank in Nigeria, will help reduce…
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OFIs: CBN Sets Benchmark For Enrollment Into Credit Risk Management System
The Central Bank of Nigeria (CBN) has set criteria to be met by Other Financial Institutions (OFIs) to qualify for…
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Nigeria’s economic growth to average 3.2% till 2023, says AfDB
African Economic Outlook 2022, released by the African Development Bank (AfDB), has projected the average growth rate of Nigeria’s economy…
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