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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Reps pass 2022-2024 MTEF, approve N4.89tn new borrowings
Like the Senate, the House of Representatives has passed the 2022–2024 Medium Term Expenditure Framework and Fiscal Strategy Paper as…
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Naira exchanges 580 to the dollar forex
The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel…
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Nigeria, South Africa, Egypt, Kenya hold 80% investments in Africa – AfDB
The African Development Bank says that Nigeria, Egypt, Kenya and South Africa account for about a third of the incubators…
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SuperTV launches zero data streaming app
The SuperTV has launched an online movie streaming terrain with matchless Zero Data as Nigeria marks 61st independence. A statement…
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Why we continue to borrow, says FG, September bonds oversubscribed
The Federal Government on Thursday descended on critics of its frequent request for fresh loans describing them as insincere. The…
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Naira slides amidst CBN’s assurance of increasing forex supply
The naira slide to N575 on Thursday despite assurances by the Central Bank of Nigeria that there is sufficient foreign…
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Why Nigeria needs digital currency, by CBN
The Central Bank of Nigeria has explained the economic implications and importance of a centralised and regulated digital currency in…
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Nigeria borrows fresh $4bn through Eurobonds
Nigeria has raised another $4bn through Eurobonds. The Debt Management Office disclosed this in a statement on its website on…
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Nigeria, China trade volume tops $20bn
The Chinese Ambassador to Nigeria, Ambassador Cui Jianchun, has said that the trade volume between his country and Nigeria was…
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Five banks fined N1.4bn for forex infractions, others
Five top banks in Nigeria paid a total of N1.4bn as penalties to financial regulatory bodies such as the Central…
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Abia to build N30bn industrial cluster for leather, garment products
Abia State government has signed a memorandum of understanding (MoU) with Total Value Integrated Services Limited for the building of…
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Customers scam banks with fake visas, tickets for forex
The Central Bank of Nigeria has vowed to engage financial crime fighting agencies to pursue fraudsters who have been deceiving…
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IMF chief denies altering World Bank report to appease China
IMF chief Kristalina Georgieva on Thursday disputed an independent investigation which found that in her previous job at the World…
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Naira slumps further, exchanges for 570/$
The naira continued its downward trend after exchanging to the dollar for 570 on Thursday. A week earlier, the naira…
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Petrol, kerosene prices rose in August – NBS
Two reports from the National Bureau of Statistics have revealed that the prices of kerosene and Premium Motor Spirit, popularly…
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Mercedes-Benz proposes car prototype driven by the mind
The automotive giant Mercedes-Benz on Monday, at the International Motor Show which was held in Munich, Germany, unveiled a prototype…
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Non-performing loans declining but remain above benchmark – CBN
The non-performing loans in the banking sector slightly declined from 5.8 per cent in May to 5.7 per cent in…
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‘Money transfer providers may lose $400m to bitcoin wallet’
El Salvador’s latest Bitcoin app, the Chivo Wallet, could ensure that money service providers such as Western Union and MoneyGram…
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VAT judgement: FIRS may lose N92bn revenue to states
If the judgement of the Federal High Court asking states government to collect Value Added Tax in their domain is…
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Non-oil exports: FG suffers N5.8tn revenue shortfall
Within a three-year period covering December 2017 to December 2020, Nigeria generated a total sum of N6.5tn from non-oil exports,…
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