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
-
FG Moves To Review Mining Licence Rates
The Federal Government, through the Ministry of Solid Minerals Development, has announced plans to review the rates of mining licences…
Read More » -
Govt Palliative Worsening Food Inflation, Says Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the huge purchase of foodstuffs by the…
Read More » -
Bank MDs, Directors’ Emoluments Rise To N18bn
Executive and non-executive directors of 10 banks received N17.79bn as sitting allowance and compensation in 2023, according to an…
Read More » -
Dangote Declares Naira Depreciation Biggest Challenge In 2023
The President of Dangote Industries Limited, Aliko Dangote, has said that the depreciation of the local currency was the company’s…
Read More » -
Equity Market Reverses Downtrend As Investors Gain N26bn
After days of sustained bearish trading, the Nigerian exchange recorded a 0.05 per cent increase in the All-Share Index as…
Read More » -
‘FG Must Sustain Moves To Stabilise Naira’
The Federal Government through the Central Bank of Nigeria has been urged to sustain recent moves and policies being rolled…
Read More » -
CBN Releases More Dollars As Naira Weakens To 1,300/$
Cardoso, CBN Governor The naira depreciated further against the United States dollar at the official market on Tuesday, closing at…
Read More » -
Emefiele Printed N684.5m With N18.9bn, Says EFCC In Fresh Charge
Godwin Emefiele, Former CBN Governor The Economic and Financial Crimes Commission has filed a fresh charge at the High Court…
Read More » -
IMF Reviews Nigeria’s Economic Growth To 3.3%
The International Monetary Fund has reviewed upwards Nigeria’s economic growth forecast for 2024 from three per cent to 3.3 per…
Read More » -
Fresh Borrowings May Push Nigeria’s Debt To N111tn
The Federal Government’s total debt stock may experience a significant increase from N87.3tn (as of December 2023) to N111.4tn, following…
Read More » -
EFCC Probes 50 Accounts Linked To Humanitarian Ministry
The Economic and Financial Crimes Commission is probing 50 bank accounts as it recovered N30bn in the alleged scandals in…
Read More » -
Banks Get Three-Month Deadline To Stop Forex-Backed Loans
The Central Bank of Nigeria on Monday stepped up its fight to boost foreign exchange liquidity in the economy with…
Read More » -
FX Crisis: FG To Issue Domestic Dollar Bonds June
The Federal Government has announced plans to initiate the issuance of domestic bonds denominated in foreign currency in the second…
Read More » -
Investors Lose N252bn On Bearish Equity Trading
Stock investors lost N252bn as the Nigerian Exchange sustained its bearish trading on Thursday. The market lost about N467bn between…
Read More » -
Steady Dollar Supply Pushes Naira To 1,262/$
The naira, on Wednesday continued its gain against the United States dollars, appreciating both at the official foreign exchange and…
Read More » -
Dangote, Adenuga, Abdulsamad, Otedola Make Forbes List With $26bn
Forbes has listed Nigerian businessmen, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola, as the top richest Nigerians in…
Read More » -
Naira Sells Below 1,280/$ At Official, Parallel Markets
The naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39…
Read More » -
FIRS Will Not Introduce Additional Taxes – Adedeji
FIRS Chairman, Adedeji The Chairman of the Federal Inland Revenue, Zacch Adedeji, has restated the agency’s commitment not to introduce…
Read More » -
Tinubu Okays Infrastructure Devt Fund, FG Eyes $25bn Annually
President Tinubu President Bola Tinubu on Monday approved the Renewed Hope Infrastructure Development Fund to bridge the country’s $25bn per…
Read More » -
FG Deducts N415bn State Allocations For Debt Servicing
The Federal Government has deducted over N415bn from state government allocations to service their external loans, according to findings by media…
Read More »