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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UBA reports 33% profit rise, declares 20 kobo dividend
United Bank for Africa Plc’s profit before tax rose by 33.4 per cent to N76.2bn in the first half of…
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CBN moves to enhance transparency in banking sector
The Central Bank of Nigeria has directed banks and payment service providers to separate all transactions that would typically be…
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Nigerian equities market posts worst return in Africa
The Nigerian Exchange Limited All-Share Index posted the worst gains among African stock markets at -2.53 per cent year-to-date as…
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GDP rising, inflation falling, yet poverty worsening – Rewane
The Chief Executive Officer of Financial Derivatives Company Limited, Mr Bismarck Rewane, has said Nigeria’s Gross Domestic Product is rising…
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Nigeria records N1.87tn trade deficit amid rising crude exports
Nigeria recorded a trade deficit of N1.87tn in the second quarter of the year despite recording 111.32 per cent in…
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MTN pays N71.6bn to renew spectrum licence
The Nigerian Communications Commission has renewed the Unified Access Service licence and spectrum licence for wireless local loop in the…
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Stock market plunges further, investors lose N24bn
The equities market of the Nigerian Exchange Limited sustained its decline for the third straight day as investors lost N24.37bn…
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Access Bank bags best banking CEO award
Access Bank Plc has said its Chief Executive Officer, Herbert Wigwe, was awarded the ‘Best Banking CEO Award’ at the…
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Govt’ll stop leakages in payroll system, says OAGF
The Office of the Accountant General of the Federation has said the government will implement requisite plans to stop leakages…
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Naira weakens to 532/dollar despite rising forex reserves
The Nigerian currency weakened further against the dollar at the parallel market on Monday despite the rise in the country’s…
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CSOs knock FIRS over proposed social media tax
Civil Society Organisations on Monday condemned the Federal Inland Revenue Service over its decision to impose taxes on social media…
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SEC to interface with ICMR on identity theft, unclaimed dividends
The Securities and Exchange Commission (SEC) has disclosed plans to work with the Institute of Capital Market Registrars (ICMR)…
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Naira sinks to 530 against dollar, pound hits N720
The naira plunged to a fresh record low against the dollar, the British pound sterling and euro on Thursday amid…
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Twitter ban remains, says NCC as Nigerians lose N220.36bn
The Twitter ban in Nigeria is still in effect according to the Director, Public Affairs, Nigerian Communications Commission, Dr Ikechukwu…
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Senate plans to cut FG’s proposed N5.6tn borrowing
The Senate has assured Nigerians that it is making efforts to reduce drastically, the N5.6tn which the Federal Government proposed…
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CBN appoints new directorst
The Central Bank of Nigeria has confirmed the appointment of eight directors including Osita Nwanisobi as the Director, Corporate Communications…
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IDB, others earmark $520m for Nigeria’s agro-industrial zones
The Senior Special Adviser to the President of the Africa Development Bank on Industrialisation, Prof Banji Oyeyinka, has disclosed that…
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CBN engages British fintech to develop digital currency
The Central Bank of Nigeria, on Monday, announced the formal engagement of a global fintech company, Bitt Inc., as the…
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65 govt agencies have never been audited, say Reps
The House of Representatives Public Accounts Committee has said that 65 agencies have never been audited since they were created.…
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Naira falls to all-time low of 527 against dollar
The naira extended its decline on Monday, sliding to an all-time low of 527 against the dollar at the parallel…
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