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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Troubles ahead, experts warn as debt servicing gulps 91% of revenue
The Federal Government spent N2.02tn on debt servicing in the first six months of this year. This figure represents 90.58…
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Kale retires, Buhari appoints Harry statistician-general
The President, Major General Muhammadu Buhari (retd.), has approved the appointment of Simon Harry as the Statistician-General of the Federation…
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Facebook to launch digital wallet this year -Official
Facebook is ready to launch a digital wallet that would let users store cryptocurrencies, a senior company executive said in…
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CBN threatens prosecution of forex policy defaulters
Banks have warned that defaulters of the new foreign exchange policy may face criminal prosecution by the Central Bank of…
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Experts seek revival of initial public offerings
Participants at the just-concluded 2021 National workshop of the Chartered Institute of Stockbrokers (CIS) have underscored the need to develop…
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External reserves lose momentum after July rally
Nigeria’s external reserves could be heading toward the mid-July trough as it fail to sustain the momentum it started four…
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Jimoh Ibrahim owes govt N70bn, we retain NICON, others – AMCON
The Asset Management Corporation of Nigeria has said that following a High Court order, it still remains in charge of…
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Stock market hits four-month high, investors gain N65bn
Equity investors in the Nigerian Exchange Limited gained N64.93bn on Thursday as the NGX All-Share Index rose by 0.32 per…
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MDAs couldn’t account for N4.97tn in 2019, says auditor-general
Auditor General of the Federation, Adolphus Aghughu, says ministries, departments and agencies of the Federal Government failed to account for…
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FEC approves N658m for sniffer dogs, education, others N21bn
The Federal Executive Council on Wednesday approved N21,107,212,510, for various projects in the education and aviation ministries as well…
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Naira abusers risk six months in jail as CBN gives fresh warning
The Central bank of Nigeria has warned that that abusers of the naira at social events risk imprisonment or an…
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FG owes CBN N15.51tn, borrows N14.86tn under Buhari
The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances has ballooned to N15.51tn,…
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MTN Appoints New Female Group Executive
The MTN Group has announced the appointment of Troopti Desai as the Group Executive, Tax. According to a statement by…
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World Bank, partners create new global fund for cybersecurity
The World Bank has partnered with four countries (Estonia, Japan, Germany, and the Netherlands) to establish a new global fund…
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Our debts will keep rising, revenues declining
The Federal Government has said it plans to borrow more to fund its budget for 2022, while it will spend…
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Nigeria recorded $85.21bn net foreign liabilities – IMF
Nigeria’s foreign liabilities stood at $187.36bn while the country’s foreign assets amounted to $102.15bn as of December 2020, the International…
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FG reintroduces toll plazas, Nigerians to pay N500, N200 per trip
The Federal Executive Council has approved the reintroduction of toll collections on some selected dual carriageways across the country. This…
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Naira Falls To 515 As Dollar Scarcity Persists
The naira pared some of its recent gains against the dollar at the parallel market on Wednesday amid the lingering…
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Dangote Cement lists N150bn bonds on NGX
The Nigerian Exchange Limited said on Tuesday that Dangote Cement Plc listed three N50bn tranches of bonds under the N300bn…
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Stock market ends five-day rally, investors lose N66bn
Investors in the equities market of the Nigerian Exchange Limited lost N65.18bn on Thursday, ending a rally that spanned five…
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