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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Forex supply: Banks’ documentation process cumbersome, says FDC
The Financial Derivatives Company Limited has described the documentation process required by banks for the sale of foreign exchange as…
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Senate asks BPE to refund N8.7bn, queries N387.7m tax evasion
The Senate has asked the Bureau of Public Enterprises to refund N8.7bn to the Consolidated Revenue Fund based on an…
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Report ranks Nigeria 2nd poorest in food affordability
A new report by the Institute of Development Studies, a UK-based think tank, has placed Nigeria as the second poorest…
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FG considers blueprint to reposition Free Trade Zones
The Federal Government has called on stakeholders in the private sector to invest in the country’s Free Trade Zones to…
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Twitter ban: Nigerians lose N150.46bn in two months
Nigeria businesses may have lost N150.46bn ($366.88m) since the Federal Government’s ban on Twitter took effect in the country on…
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CBN unveils guidelines for payments system firms
The Central Bank of Nigeria (CBN) has unveiled guidelines for licensing and regulation of payments system holding companies (PSHC), stressing…
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Mambilla: FG directs NSIA to source $200m judgment debt for Chinese firm
The Federal Government has directed the Nigerian Sovereign Investment Authority to source $200m for settlement of International Court of Arbitration…
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Foreign investors withdraw N116.72bn from stock market in six months
The Nigerian Exchange Limited has revealed that foreign investors in the equities market withdrew a total of $116.72bn from Janury…
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External reserves gain $280m in two weeks
The country’s external reserves have returned to a growth path with a gain of $280m in two weeks, the latest…
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Nigeria’s loans from World Bank, AfDB rise to $14.35bn under Buhari
Nigeria’s liabilities to the World Bank and the African Development Bank rose from $7.14bn to $14.25bn between June 30, 2015…
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Nigerians spend N1.77tn on national calls, SMS
Nigerians spent about N1.77tn on national calls and short messages in 2020. This is according to the analysis of data…
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Estate surveyors reject Fashola’s monthly house rent proposal
The Nigerian Institution of Estate Surveyors and Valuers have rejected the monthly house rent proposal of the Minister of Works…
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We’ll Source For Forex Independently, Say BDCs
The Association of Bureaux De Change Operators of Nigeria has assured members of the public that Bureaux De Change operators…
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Banks’ CEOs Summon Emergency Meeting Over BDCs’ Forex Ban
Bank Chief Executive Officers on Thursday, held an emergency meeting on how to ensure compliance with the new forex directive…
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Naira slumps to 523 against dollar at parallel market
The naira slumped further to 523/$ at the parallel market on Wednesday, a day after the Central Bank of Nigeria…
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Nigeria’s Capital Importation Fell To $875.62m In Q2
The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.91bn in…
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Ibadan Gemstones Market Undeveloped Despite FG’s Promises
•We are formalising, developing, enhancing value- Minister Six months after the Federal Government declared its intention to establish an international…
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In rare courage, CBN weakens BDC operations, stops FX funding
• Indicts operators for money laundering • We receive 5,000 fresh BDC applications monthly, says Emefiele • MPR, other monetary…
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MPC urged to maintain status quo amid inflation, weak economy
As the Monetary Policy Committee (MPC) meets, experts have called on the Central Bank of Nigeria (CBN) to keep monetary…
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Nigeria’s revenue-to-GDP ratio lowest, private sector choking – World Bank
Nigeria’s revenue-to-Gross Domestic Product ratio, which fell to between five and six per cent last year, is the lowest in…
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