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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Lagos, Ogun, Rivers lead as states’ debts hit N6.43tn in 2021–DMO
The domestic debts owed by state governments and the Federal Capital Territory Administration rose to N6.43tn at the end…
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FG incurs N950bn new domestic borrowing in Q1 2022 – DMO
THE Federal Government has incurred N950bn new domestic borrowing between January 2022 and March 11, 2022, the Debt Management…
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23 bank CEOs now women, says CBN
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has said that 23 banks Chief Executive Officers, representing 35 per…
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Nigeria borrowed N6.64tn, serviced debt with N2.93tn in 2021, says DMO
THE Debt Management Office on Thursday said Nigeria’s total public debt stock increased to N39.56tn in 2021 from N32.92tn…
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AfDB secures $15.6bn for Lagos-Abidjan highway corridor
The President of the African Development Bank, Dr Akinwumi Adesina, announces that the bank has secured $15.6bn for the…
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Nigeria generates over $3bn from non-oil export, says NEPC
THE Nigerian Export Promotion Council has said that the country exported non-oil products worth $3.455bn in the 2021 fiscal…
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Amid fuel crisis, Nigeria’s inflation hit 15.70% in February
The Consumer Price Index rose to 15.7 per cent in February from 15.6 per cent in January, latest figures…
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2,119 mining companies owe FG N2.76bn service fees – NEITI
The Nigeria Extractive Industries Transparency Initiative on Sunday announced that 2,119 companies operating in Nigeria’s solid minerals industry were indebted…
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Russia-Ukraine: Higher food, fuel prices loom in Nigeria, others, says IMF
The International Monetary Fund has said Nigeria and other African countries are vulnerable to higher food and fuel prices, low…
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Minister laments raw ore export, decries capital, job losses
THE Minister of Mines and Steel Development, Olamilekan Adegbite, says the Federal Government is losing money and jobs by…
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CBN increases currency in circulation by N418bn over cash transactions
THE currency in circulation rose by N418bn from N2.91tn in December, 2020, to N3.33tn in December, 2021, according to figures…
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Ukraine-Russia war: Nigeria, others may face commodity supply disruptions, says IMF
The International Monetary Fund says countries that have very close economic links with Ukraine and Russia are at particular risk…
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‘Mining, quarrying sector contributed N5.37tn to GDP in 2021’
The mining and quarrying sector recorded a total contribution of N5.37tn to the Gross Domestic Product in 2021, according…
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Pension assets rose by N190bn in January, hit N13.61tn
The total assets under the Contributory Pension Scheme rose by N190bn in January, figures from the National Pension Commission…
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PenCom approves merger, acquisition of pension operators
The National Pension Commission on Wednesday announced the approval of the request for the merger and acquisition of some operators…
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Nigeria’s N993.38bn imports from Russia at risk over war
The value of Russia’s imports to Nigeria over 12 months period is estimated at N993.38bn, data from the National Bureau…
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FG raked in N1.69tn company tax in 2021 – NBS report
The Federal Government raked in N1.69tn from company income tax in 2021, according to statistics from the National Bureau of…
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FG, ECOWAS partner to empower 50 million women
The Federal Government has entered into collaboration with the Economic Community for West African States to empower 50 million women…
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Naira loses 10.6% of its value annually, says IMF
The International Monetary Fund says the long-term rate of the depreciation of the naira equates to a loss of 10.6…
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Bitcoin loses $33.19bn, slips to $35k as Russia invades Ukraine
Bitcoin, the world’s largest cryptocurrency, has lost $33.19bn in market capitalisation as its trading price slipped to $35k in the…
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