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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Recapitalisation: PenCom probes PFAs’ funds as deadline ends Saturday
THE National Pension Commission is investigating the nation’s Pension Fund Administrators evidence of meeting its new capital requirements ahead of…
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FG targets N2.06bn, 5,800 jobs from ports projects
The Infrastructure Concession Regulatory Commission has issued two Full Business Case Certificates of Compliance for new infrastructure projects. The FBCs…
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Subsidy may hamper Nigeria’s gain from rising oil prices – IMF
The International Monetary Fund has said Nigeria may not benefit from rising oil prices if the government doesn’t restrain the…
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NNPC, three others generate N28.02tn in three years – NEITI
Four revenue-generating agencies of the Federal Government generated a total of N28.02tn between 2017 and 2019, the Nigeria Extractive Industries…
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CBN grants Airtel approval to operate mobile money banking
Airtel Africa has confirmed that the Central Bank of Nigeria has awarded its subsidiary, Airtel Mobile Commerce Nigeria Ltd, with…
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Economic crisis worsens as forex inflows fall by $9.58bn
Foreign exchange inflows into the economy declined in the fourth quarter of 2021, owing to lower receipts from the Central…
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FG targets 21 million jobs from investments
The Federal Government is planning to generate 21 million full-time jobs through massive investment in social infrastructure and services,…
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AB InBev opens application for 2022 programme
The 100+ Accelerator, an incubator program founded in 2018 by AB InBev, has announced that applications for its 2022 Cohort…
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Local production of 42.7 billion MT bitumen deposit begins
The Minister of Mines and Steel Development, Olamilekan Adegbite, has said that Nigeria will soon begin production of 42.74 billion…
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Twitter, Nigeria agreement suffers setback as Musk buys microblogging platform
There are indications that Twitter’s agreement with the Nigerian government will be reviewed in the months as Elon Musk sealed…
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Bakers hike bread price again, cite forex crisis, others
Bakers under the aegis of the Premium Breadmakers Association of Nigeria have said they will increase the price of bread,…
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Equities market remains bullish as investors gain N486bn
Investors gained N486bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The market…
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FG records N2.23tn fiscal deficit in three months – CBN report
The Federal Government recorded N2.23tn fiscal deficit in the fourth quarter of 2021. This was revealed by figures obtained…
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10 banks lend customers N2.9tn in 12 months
Between December 2020 and December 2021, the combined loan portfolio of 10 Deposit Money Banks in Nigeria rose by N2.9tn,…
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FG plans to woo foreign-registered startups
THE Federal Government has said it is creating an enabling environment for new businesses especially in the Information and…
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$418m Paris Club Loan Refund: States warn FG not to tamper with funds
The 36 states of the federation have warned the Federal Government not to tamper with funds accruing to them and…
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Nigeria, other SSA countries may have 463.6 million poor people
The World Bank has projected that the number of poor people in Nigeria and other Sub-Saharan African countries can hit…
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How Nigeria can lower debt service-to-revenue –DMO
The Debt Management Office has said that Nigeria can lower its debt service-to-revenue ratio if it generates higher revenue like…
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Naira exchanges 590 to dollar ahead of Easter
The naira slumped further and exchanged to the dollar at 590 on Thursday at the parallel market ahead of the…
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FG’s commercial loans rise by 31%, hit $14.67bn
The Federal Government’s commercial debt has risen by 31 per cent from $11.17bn to $14.67bn, according to an analysis…
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