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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Govt Under Pressure To Stop Cybersecurity Levy
The House of Representatives, Northern Elders Forum and some members of the Organised Private sector on Thursday asked the…
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BDC Operators Arrested As Naira Sells 1,416/$
Operatives from the Economic and Financial Crimes Commission on Tuesday reportedly arrested some h Bureau De Change operators at the…
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Cashless: CBN Suspends Charges On Cash Deposits
The Central Bank of Nigeria has directed banks to stop charges on cash deposits until September 30, 2024. CBN disclosed…
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CBN Asks Banks To Charge 0.5% Cybersecurity Levy
The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions.…
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Don’t Trade In Crypto, Opay, PalmPay, Others Warn Customers
Nigerian fintech companies have warned their customers against trading in cryptocurrency or any virtual currency on their apps, threatening to…
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CBN Worries Over Declining Economic Activities
The Central Bank of Nigeria has expressed concern over the declining economic activities in the country. The CBN deputy governor…
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FG Moves To Review Mining Licence Rates
The Federal Government, through the Ministry of Solid Minerals Development, has announced plans to review the rates of mining licences…
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Govt Palliative Worsening Food Inflation, Says Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the huge purchase of foodstuffs by the…
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Bank MDs, Directors’ Emoluments Rise To N18bn
Executive and non-executive directors of 10 banks received N17.79bn as sitting allowance and compensation in 2023, according to an…
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Dangote Declares Naira Depreciation Biggest Challenge In 2023
The President of Dangote Industries Limited, Aliko Dangote, has said that the depreciation of the local currency was the company’s…
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Equity Market Reverses Downtrend As Investors Gain N26bn
After days of sustained bearish trading, the Nigerian exchange recorded a 0.05 per cent increase in the All-Share Index as…
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‘FG Must Sustain Moves To Stabilise Naira’
The Federal Government through the Central Bank of Nigeria has been urged to sustain recent moves and policies being rolled…
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CBN Releases More Dollars As Naira Weakens To 1,300/$
Cardoso, CBN Governor The naira depreciated further against the United States dollar at the official market on Tuesday, closing at…
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Emefiele Printed N684.5m With N18.9bn, Says EFCC In Fresh Charge
Godwin Emefiele, Former CBN Governor The Economic and Financial Crimes Commission has filed a fresh charge at the High Court…
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IMF Reviews Nigeria’s Economic Growth To 3.3%
The International Monetary Fund has reviewed upwards Nigeria’s economic growth forecast for 2024 from three per cent to 3.3 per…
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Fresh Borrowings May Push Nigeria’s Debt To N111tn
The Federal Government’s total debt stock may experience a significant increase from N87.3tn (as of December 2023) to N111.4tn, following…
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EFCC Probes 50 Accounts Linked To Humanitarian Ministry
The Economic and Financial Crimes Commission is probing 50 bank accounts as it recovered N30bn in the alleged scandals in…
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Banks Get Three-Month Deadline To Stop Forex-Backed Loans
The Central Bank of Nigeria on Monday stepped up its fight to boost foreign exchange liquidity in the economy with…
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FX Crisis: FG To Issue Domestic Dollar Bonds June
The Federal Government has announced plans to initiate the issuance of domestic bonds denominated in foreign currency in the second…
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Investors Lose N252bn On Bearish Equity Trading
Stock investors lost N252bn as the Nigerian Exchange sustained its bearish trading on Thursday. The market lost about N467bn between…
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