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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Crypto currencies’ volatility poses financial stability risks for Nigeria, others – IMF
The International Monetary Fund says crypto currencies’ high volatility and valuation, as well as their increasing co-movement with equity markets…
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Subsidy: Mobilise for protests, NLC directs affiliates, CSOs
The Nigeria Labour Congress has directed its members, affiliate unions, and civil society partners to prepare for the planned January…
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NANS rejects N10 per litre tax on soft drinks
The National Association of Nigerian Students in the South-West zone has condemned the Federal Government’s plan to introduce N10 per…
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CBN may increase interest rate this year, says report
A new report has said likely stronger dollar demand will convince the Central Bank of Nigeria of the need to…
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Capital importation falls by N1.68tn – CBN
Foreign investors appear to have boycotted the Nigerian market as capital importation has dropped by $4.08bn (N1.68tn) in one year,…
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FG excessive borrowing from CBN threatens exchange rate, others – Report
The Federal Government’s excessive borrowing from the Central Bank of Nigeria through the Means and Ways Advances window can have…
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Gains in BUA Foods, 23 stocks lift NGX index further by 0.3%
The reign of the bulls continued unabated on the equities sector of the Nigerian Exchange Limited (NGX), as many blue-chip…
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FG spent $1.68bn on food imports in nine months – CBN
The Federal Government spent $1.68bn on food importation from January to September last year. The Central Bank of Nigeria disclosed…
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New tax on carbonated drinks’ll worsen economy – MAN, experts
• Nigerians to pay VAT on digital services The Federal Government has introduced an excise duty of N10 per litre…
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Nigerians to pay VAT for digital services – Finance minister
Nigerians may have to pay more for digital services as the Federal Government has introduced a policy requiring foreign companies…
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Buhari appoints Salami as new chief economic adviser
The President, Major General Muhammadu Buhari (retd.), has appointed Dr Doyin Salami as his new chief economic adviser. The Special…
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AMCON lists 7,912 names owing N4.4tn as deadline expires today
The Asset Management Corporation of Nigeria is set to publish the names of 7,912 debtors owing it a total of…
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Customs, Immigration, 13 others fail to remit N127.1bn – Audit report
The Office of the Auditor General of the Federation has disclosed that 15 Ministries, Departments, and Agencies failed to remit…
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CBN, SEC, others to lift financial sector with fresh N1.54tn investment
Federal Government Ministries, Departments and Agencies, especially financial services regulators are to invest N1.54tn in five years to boost liquidity…
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Nigeria’s inflation rate may be among world’s highest in 2022 – World Bank
The World Bank has said Nigeria may have one of the highest inflation rates globally in 2022, with increasing prices…
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Pension contributors rose by 245,385 in nine months – PenCom
The number of workers with pension accounts under the Contributory Pension Scheme rose by 245,385 in nine months to 9,461,173.…
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FG targets $40bn investment in digital infrastructure by 2025
The Federal Government has said it expects $40bn in private capital investments in digital infrastructure by 2025. The government disclosed this…
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EU countries seize 82% of Nigeria’s agro products exported illegally – FG
About 80 per cent of agro-products from Nigeria that are intercepted and seized by the European Union member nations are…
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FG borrows N1.99tn via bonds in six months amid rising deficit financing
The Federal Government’s bond offer and allotment rose by N1.99tn in the first six months of this year to N13.66tn,…
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Ponzi: SEC warns against operations of Poyoyo, FinAfrica Investment
The Securities and Exchange Commission (SEC) has issued a warning to the public over the activities of FinAfrica Investment Ltd…
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