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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Food import bill jumps by 45% to N1.12tn– CBN
Nigeria’s food import bill has jumped by 45 per cent to $2.71bn (N1.12tn) in 12 months, the Central Bank of…
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Nigeria tops 169 countries in Internet Poverty Index
NIGERIA has the largest number of Internet poor people in the world, according to the Internet Poverty Index by the…
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FG not handing over Ajaokuta Steel to British firm – Minister
THE Minister of Mines and Steel Development, Olamilekan Adegbite, has refuted media reports on the rehabilitation of the Ajaokuta Steel…
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Nigeria, others at risk of financial weakness, more inflation – IMF
THE International Monetary Fund has warned Nigeria and other low-income countries that high public and private borrowing will likely increase…
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Stock investors lose N114bn in one week
Investors lost N114bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The NGX…
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CBN warns against illegal financial institutions
The Central Bank of Nigeria has warned individuals to desist from dealing in illegal financial schemes or with illegal…
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Weak digital economy hindering Nigeria, other’s growth – World Bank
The World Bank has advised Nigeria and other African countries to focus on digital development as too many of Africa’s…
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Canada to ban Nigerians, others from buying homes
Canada is set to ban Nigerians and other foreigners from buying homes for two years as prices of real…
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Currency in circulation falls by N42.43bn in two months
CURRENCY in circulation fell by N42.43bn between January and March, figures obtained from the Central Bank of Nigeria have revealed.…
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2022 budget deficit jumps to N7.35tn, Buhari to borrow N965bn
• President writes Reps, seeks amendment to 2022 Fiscal Framework The President, Major General Muhammadu Buhari (retd.), has written a…
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CBN fines three banks N800m over crypto transactions
The Central Bank of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country for violating…
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Nigeria’s imports rise by N12.11tn despite forex shortage
Between 2016 and 2021 Nigeria’s import bill rose from N8.73tn to of N20.84tn, according to the Central Bank of Nigeria…
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Two million people’ll start receiving N20bn monthly from June -FG
Two million people will start receiving about N20bn from June this year as basic cash transfers and conditional cash…
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Investors stake N13.5b inequities as indices dip by 0.2 per cent
At the close of transactions last week, a turnover of 1.28 billion shares worth N13.5 billion was recorded in 22,118…
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The Sri Lanka economic crisis and Nigeria’s flashing red lights
For the umpteenth time, Nigeria walks a tightrope as it battles to rescue the economy from legacy challenges, including fiscal…
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Nigeria produced 35 million bags of fertilisers in five years – Emefiele
THE Governor of the Central Bank of Nigeria, Godwin Emefiele, has said Nigeria produced over 35 million bags of blended…
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Covid-19, Russia-Ukraine war stalling Ajaokuta steel project – FG
The Federal Government Thursday in Abuja said it could no longer complete the Ajaokuta Steel Rolling Mill in 2022 due…
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Lagos pays N1.52bn to 515 retirees
Lagos State Government on Wednesday paid N1.52bn to 515 retirees in the state. The payment was made during the…
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Senate demands downward pay-TV tariff review, orders hike probe
The President of the Senate, Ahmad Lawan, on Wednesday, constituted a seven-man ad hoc committee to investigate the hike…
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Nigerians spend $39.66bn on foreign education, medical tourism – CBN report
NIGERIANS spent a total of $39.66bn on foreign education and healthcare-related services between 2010 and 2020, according to the Central…
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