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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CBN Directs BDCs To Sell Dollar At N1,269
The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at…
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Naira Rebounds To N1,400/$ As Speculators Offload Forex
The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency…
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Senate Confirms Alade AMCON Boss
Alade The Senate confirmed Gbenga Alade as the Managing Director of the Assets Management Company of Nigeria on Tuesday. Announcing…
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N30tn Loans: Senate Uncovers Fresh Infractions, Summons Cardoso
Cardoso The Senate Ad-hoc Committee probing how the N30tn Ways and Means loans were obtained from the Central Bank of…
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Equity Market Dips 0.40% On Sell-Offs
Trading Floor of NSE The Nigerian exchange declined by 0.40 per cent as investors reacted to the latest Consumer Price…
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Naira Depreciation Pushes Nigeria’s Imports To N35tn
Nigeria’s total imports grew to N35.9tn in 2023, from N25.5tn recorded in 2022, according to data by the National Bureau…
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Senate Warns Against Supplementary Budget, Excess Loans
The Senate has warned the executive against increasing the budget size through a supplementary budget, advising the government to use…
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FG Eyes $1bn W’Bank Loans For IDPs, Agric
The Federal Government is in talks with the World Bank to complete the processes of obtaining over $1bn loans to…
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FG Plans Fresh Borrowing Via Eurobond In June
President Tinubu The Federal Government has enlisted the expertise of leading global investment banks, including Citibank NA, JPMorgan Chase &…
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Senate Gives Panel Six Weeks To Probe N30tn CBN loans
The Senate President, Godswill Akpabio, has charged the panel members investigating the N30tn “Ways and Means” loans secured from the…
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PenCom Denies Lending FG N10tn
DG, PENCOM, Aisha Umar The Director General of the National Pension Commission, Aisha Dahir-Umar, has denied allegations that the commission…
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Naira Devaluation Fuelling Massive Regional Export – Govs
The Nigeria Governors Forum has said governors are implementing diverse strategies and measures aimed at resolving the ongoing economic challenges…
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Cement Companies Grow Revenue To N3tn
The three cement manufacturing companies listed on the Nigerian Exchange Limited improved their incomes by 30.65 per cent to N3.07tn…
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Banks Involved In 70% Of Financial Crimes – EFCC
The Economic and Financial Crimes Commission, on Monday, indicted banks as being linked to about 70 per cent of the…
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Senate Summons CBN Officials Over N30tn Loans
The Senate has said it will quiz some officials of the Central Bank of Nigeria on how the N30tn Ways…
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NDIC Refunds Depositors Of 179 Liquidated Banks
The Nigeria Insurance Corporation has said that it has reimbursed depositors of 179 rested microfinance and four mortgage banks across…
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FX Debt: CBN Owing Only Five Banks, Says Cardoso
CBN’ Governor, Dr Olayemi Cardoso The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that foreign exchange…
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CBN Sells Over $300m To Banks As Naira Gains
The Central Bank of Nigeria has over $300m to Deposit Money Banks in the last two weeks amid desperate efforts…
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Foreign Loans Make Up 59% Of $4bn Capital Importation – NBS
No less than 59.1 per cent of capital importation into the country in 2023, amounting to $2.31bn, was foreign loans,…
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N500bn Recapitalisation: FMBN Extends Loans To NHF Contributors
The Federal Government has assured the Federal Mortgage Bank of Nigeria (FMBN) of legislative amendments of relevant housing industry laws…
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