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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Excess crude account drops to $35m as FG, states, LGAs get N657b in April
The Federation Account Allocation Committee (FAAC) has shared N656.602 billion to the three tiers of government, being allotment for April…
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CBN defends naira with $3.36bn in two months
The Central Bank of Nigeria injected $3.36bn into the foreign exchange market in two months as part of efforts to…
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Cash-strapped banks borrow N338.4bn from CBN in one month
Cash-strapped banks borrowed N338.5bn from the Central Bank of Nigeria in January to bridge their funding gap, according to…
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Food prices record 42% surge in 12 months – NBS report
Selected food prices recorded an increase of 42 per cent in one year, figures by the National Bureau of Statistics…
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Cashless transactions rise by 44%, hit N117.33tn in four months – NIBSS
Cashless transactions rose by 44 per cent year-on-year to hit N117.33tn in the first four months of 2022, according to…
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Oil sector growth dropped by 26% in Q1 – NBS report
Real growth of the oil sector was –26.04% (year-on-year) in the first quarter of 2022, indicating a decrease of 23.83…
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Why number of unclaimed dividend is rising – SEC DG
The Director General of the Securities and Exchange Commission, SEC, Mr. Lamido Yuguda, has blamed the rising number of unclaimed dividends…
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ABP Loan: CBN Go Tough On Defaulting Farmers
The Central Bank of Nigeria (CBN) has appealed to farmers, who defaulted in paying back the loans obtained under the…
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FBN Holdings Takes Over Access Bank’s Pension Business
FBN Holdings Plc, through its subsidiary First Pension Custodian Limited, agreed with Access Bank Plc, to buy out the latter’s…
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Polaris Bank, Lagos govt launch N1bn fund for artisans
Polaris Bank and the Lagos State Employment Trust Fund have partnered to provide N1bn funding to artisans operating in Lagos…
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NGO offers $3.5m tractor financing to boost agric
A not-for-profit organisation, Heifer International, has announced that it is investing an additional $3.5m in the tractor booking platform,…
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Nigeria’s Q1 trade deficit rose by 175%, hit $764m – CBN
The value of Nigeria’s international trade deficit rose by 175.13 per cent from $152.94m in January 2022 to $420.79m in…
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CBN issues open banking guidelines to boost competition
The Central Bank of Nigeria has issued the regulatory framework for Open Banking in Nigeria in its efforts to enhance…
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Buhari signs anti-money laundering, counter-terrorism, crime proceeds bills
The President Major General Muhammadu Buhari (retd.), on Thursday, signed into law, three bills; the Money Laundering (Prevention and Prohibition)…
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Nigerians’ spending on household consumption rises to N108tn – NBS
The National Bureau of Statistics has said that Nigerian residents spent N108.47tn on household consumption in 2021 in nominal terms.…
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Nigerian paper mills collapse, imports hit N297bn in six months
…country loses N180bn from collapse yearly Nigerian paper mills have collapsed years after privatisation, forcing the economy to depend on…
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FG’s debt servicing jumps to $101m – CBN
NIGERIA’S monthly debt service rose by $31.46m in one month to $101.29m in January, figures obtained from the Central Bank…
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Nigeria, others’ debts relief request at advanced stage – FG
The President, Major General Muhammadu Buhari (retd.), has said efforts to get debt relief for African countries and Special…
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Naira slumps to N595/dollar, forex shortage lingers
The naira slumped further and exchanged to the dollar at 595 on Friday at the parallel market. Some Bureau de…
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Neglect of economy for politics crippling manufacturing sector – Association
The Aggregate Manufacturers CEO Confidence Index score declined to 53.9 points in the first quarter of 2022, from 55.4 points recorded…
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