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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Naira loses steam, slides to 555/dollar in parallel market
The naira lost steam at the parallel market on Monday, sliding to 555 per dollar. The local currency had crashed…
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Capital inflow crashes by 80%, foreign investors shun Nigerian market
Capital inflow to Nigeria has crashed by 80 per cent in two years, the Central Bank of Nigeria reports have…
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Short-term loans, others push banks’ assets to N58.51tn
Massive investments in short-term financing and other prudent measures have made the assets of 10 key commercial banks to grow…
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Analysts see Nigeria’s inflation rate rising in Nov, Dec
Amid the steady decline in headline inflation rates over the past few months, analysts have predicted an uptrend for the…
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Crypto firms practise high-level illegality, alleges Emefiele
The Governor of the Central Bank of Nigeira, Godwin Emefiele, has again expressed the apex bank’s disapproval for cryptocurrency transactions…
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eNaira may reduce deposits in commercial banks, IMF warns CBN
The International Monetary Fund has said the eNaira wallet may function as a deposit at the Central Bank of Nigeria…
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Large-cap stocks drag market lower, investors lose N11.83bn
The Nigerian equities market started the week on a negative note as declines in some large-cap stocks saw the market…
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Nigerian banks lend private sector N4.1tn in one year –Report
The Nigerian banking sector’s credit to the private sector rose by N4.1tn or 13.8 per cent between September 2020 and…
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House suspends National Theatre’s budget, to review privatisation deal
The House of Representatives’ Committee on Tourism and Culture has suspended action on the proposed 2022 budget of the National…
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Moving goods locally in Nigeria over 500% costlier than US –World Bank
The World Bank says it costs more to move goods locally in Nigerian than in the United States of America,…
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Oil, banking stock sell-off triggers N12.58bn market loss
The Nigerian stock market lost N12.58bn last week as investors took profits in oil and gas, banking and consumer goods…
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Building collapse: Victims’ compensation unsure as NIA searches for insurer
Insurance companies in the country have launched an investigation into the collapsed 21-storey building in Lagos State in order to…
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MTN plans to sell 575 million shares to Nigerians
MTN Nigeria Communications Plc has said it is set to proceed with a public offer for the sale of 575…
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External reserves gained $5bn in October, says CBN
Nigeria’s external reserves rose by $5.05bn in October, the latest data from the Central Bank of Nigeria showed on Wednesday.…
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CBN, SEC sanction five banks over forex offence, money laundering
The Central Bank of Nigeria and the Securities and Exchange Commission have sanctioned five major banks for committing over 20…
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First Bank unveils fully automated branch
First Bank of Nigeria Limited has announced the launch of its fully automated branch, called the FirstBank Digital Experience Centre.…
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e-Naira is secure, dependable, CBN assures users
The Central Bank of Nigeria has said its newly launched e-Naira project is secure and dependable. The Director of Corporate…
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World Bank disagrees with CBN on multiple exchange rates, others
The World Bank has said it disagrees with the Central Bank of Nigeria on how it is going about to…
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After 48hrs, eNaira app removed from Google Store amid criticism
The Central Bank of Nigeria says it will not bear any liability for any interruption, loss of revenue or loss…
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PenCom to prosecute defaulting employers, recovers N19.29bn unremitted pensions
The National Pension Commission says it has recovered N19.29bn monthly pensions deducted by employers from employees’ monthly emoluments but not…
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