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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Investors commit N3.36tn to FG bonds in 12 months
Investors committed about N3.36tn to Federal Government bonds between January and December 2021, according to an analysis of the FGN…
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External reserves slides to four months low at $39.98bn
The external reserves have fallen below the $40bn mark to the lowest point in over three months, figures from the…
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Marketsquare replaces Shoprite at Lagos mall
Purplemaryland has said Marketsquare, a grocery retailer, will open its outlet at the mall following the exit of Shoprite. According…
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ShapClick: Muhammad Aliyu Launches All In One Social Media App
A young Nigerian, Muhammad Aliyu has launched a new social media app known as ‘ShapClick’. ShapClick, a social media platform…
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243 firms jostle for CBN’s multibillion naira loan scheme
The Central Bank of Nigeria has disbursed a total of N23.2bn to 28 firms whose projects satisfied the apex bank’s…
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Concerns as cybercriminals unleash SMS-based Android malware on Nigerians
Data services push MTNN revenue to N1.7tr in 2021, as the firm pays N669.2b taxes Nigerian Communications Commission (NCC) has…
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FG’s economic policies are working, Buhari insists
Govt approves plans forscience, innovation-driven economy President Muhammadu Buhari has insisted economic policies of his administration are working. He made…
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FG to spend 94% of 2022 revenue on debt servicing, report projects
· Govt will borrow N8 trillion to fund budget August&Co, a global research and credit rating institution, estimates that Nigeria…
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SEC Gets Bill To Sanction Unregistered Investment Schemes
Promoters of Ponzi schemes and other unregistered investment schemes are set to suffer stiffer punishments with the Securities and Exchange…
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Reps order probe of contract kickbacks, extortion by MDA officials
The House of Representatives is investigating the alleged collection of illegal charges imposed on contractors by Ministries, Departments and Agencies…
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W’ Bank’s $750m will boost FG’s social investment, job creation, says Osinbajo
• Low-income, developing countries to access new $50b IMF funding Federal Government, yesterday, said the World Bank-supported $750 million COVID-19…
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Cocoa farmers seek trust fund to boost production
To increase cocoa production from the current 250,000 metric tonnes (MT) to 500,000MT in the next five years, the Cocoa…
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N20bn: Tinubu, Alpha Beta ex-MD discuss out-of-court settlement
A former Managing Director of Alpha Beta Consulting, Dapo Apara, the All Progressives Congress leader, Bola Tinubu; and the current…
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Nigeria’s import bill rose to $8.92bn in nine months – Report
Nigeria’s total import bill for the period January to September 2021 rose to $8.92bn from $4.29bn in the same period…
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After eight months decline, inflation rises to 15.63%, FG’s 2022 target shaky
The National Bureau of Statistics disclosed on Monday that Nigeria’s headline inflation rate rose to 15.36 per cent in December…
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CBN’s COVID-19 interventions’ implementation falls short of expectations – MAN
The Manufacturers Association of Nigeria says the implementation of the Central Bank of Nigeria’s Covid-19 intervention funds and other similar…
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Foreign inflows fall by 32%, UK, South Africa, others slash Nigeria investments
The Central Bank of Nigeria has disclosed that capital importation into the country fell by 32 per cent to $500m…
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Nigeria’s debt stock hits N39.6tn in 11 months – Reports
The Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021, media has learnt.…
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Nigeria records 97.73% increase in capital importation
The value of capital imported into Nigeria in the third quarter of 2021 stood at $1.73 billion from $875.62 million…
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Workers, retirees kick as FG plans N620bn loan from pension funds
The Federal Government is planning to source $1.5bn (N620bn) loan from pension funds to support its proposed N7.73tn investment in…
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