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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Auditor general queries ministry’s N3.8bn spending from suspended RUGA fund
The Office of the Auditor-General of the Federation has queried the Federal Ministry of Agriculture for spending a total sum…
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2021: Weak incomes, inflation push investors away from rights issues
• Nigerians may lose ownership of listed firms over loans for rights• How weak growth, sluggish NGX performance, forex scare…
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FG plans N12tn fresh borrowing, public debt to hit N50tn by 2023
Govt borrowing plan focuses on domestic bonds, concessional external loans The Federal Government hopes to push its public debt stock…
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Review forex ban on 40 items to save naira, economists tell CBN
The Centre for the Promotion of Private Enterprise, an economic think tank, has advised the Central Bank of Nigeria to…
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FG’s 2022 budget will be difficult to fund – CPPE
The Centre for Promotion of Private Enterprise has said that the Federal Government’s N17.1trn budget for next year will be…
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Experts knock lawmakers as Reps raise budget to N17.12tn
The House of Representatives, on Tuesday, passed the 2022 Appropriation Bill, raising the total estimates of the Federal Government’s budget…
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Nigeria loses N499.32bn as Twitter ban hits 200 days
Nigeria’s economy has lost N499.32bn to the shutdown of Twitter since it came into effect on June 4, 2021. On…
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Customers groan as cash-strapped banks slash withdrawal limits
Amid a surge in demand for more cash by bank customers as the Yuletide season approaches, some Deposit Money Banks…
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PFAs recapitalisation: Four firms begin merger talks, GTCO acquires player
No fewer than four Pension Fund Administrators may go into merger and acquisition ahead of the April 2022 deadline stipulated…
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Chinese loan rises by $330m in one year, hits $3.59bn on 15 projects
Nigeria’s debt to China increased from $3.26bn as of September 30, 2020, to $3.59bn as of September 30, 2021, showing…
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FG debt servicing gulps N2.49tn in nine months – DMO report
Nigeria spent N2.49tn on debt servicing payments in the first nine months of 2021, data obtained from the Debt Management…
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Prices continue to soar as NBS says inflation dropped in Nov
The inflation rate in Nigeria fell in November to 15.40 per cent (year-on-year), the lowest since December last year, according…
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We’ll toll roads to repay infrastructure debts – Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said most of the roads constructed in the country…
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World Bank announces $93bn package for Nigeria, 73 others
The World Bank announced on Wednesday a $93bn replenishment package of the International Development Association to help 74 low-income countries…
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FG generated N86bn from TSA in 10 months – Minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the Federal Government generated N86bn through the Treasury…
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Establish grants for food security, Reps tell CBN, others
The House of Representatives has called on the Federal Ministry of Finance, Budget and National Planning, the Ministry of Agriculture…
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Reps approve fresh $5.8bn loan, $10m grant for FG
The House of Representatives, on Tuesday, approved external borrowings totaling $5,803,364,553.50 and a grant of $10,000,000 for the Federal Government…
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Nigeria’s debt rises by N2.54tn in three months, hits N38tn, says DMO
The Debt Management Office on Tuesday disclosed that Nigeria’s public debt was N38.005tn as of the end of the third…
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Naira slides ahead of Yuletide, exchange for 570/dollar
The naira continued its downward trend as the dollar was sold for N570 in the parallel market on Tuesday. Operators,…
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FG revenue falls by 52% amid rising spending – CBN report
The Federal Government recorded a fiscal deficit of N405.28bn in August, the Central Bank of Nigeria said in its economic…
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