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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Oil, gas firms lead as stock market gains N94bn
Oil and gas firms led the upturn in the stock market on Monday as investors gained N94.04bn at the end…
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Stock Market Rebounds With N376bn Weekly Gain
Stock trading on the floor of the Nigerian Exchange Limited rallied with a total gain of N375.50bn last week despite…
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Naira Exchanges For 503/$ At Parallel Market
The naira exchanged to the dollar at 503 at the parallel market on Friday according to the Bureau de Change…
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Beans, Tomatoes, Rice Record 253%, 123%, 51% Price Hike
•Farmers decry worsening insecurity, FG promises intervention The cost of food items in Nigeria has been recording significant increases in…
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Economy Shrank In May Amid Low Purchasing Power – CBN
The Purchasing Managers Index revealed that the Nigerian economy contracted in May, according to data obtained from the Central Bank…
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Senate Committee Urges FG To Concession Eleme-Onne Road
The Senate Committee on Trade and Investment has called on the Federal Government to give out the Eleme-Onne Road in…
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Lagos Fair Will Position MSMEs For Growth, Says Commissioner
The Commissioner for Commerce, Industry and Cooperatives in Lagos State, Dr Lola Akande, has stated that the Lagos Micro Small…
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Reps panel recommends arrest warrants on Emefiele, Kyari, others
The Committee on Public Accounts has prayed the House of Representatives to issue warrants of arrest on Governor of the…
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Stock Trading Volume Jumps 189% As 22 Firms Gain
Twenty-two firms listed on the Nigeria Exchange Limited saw their share prices increase on Monday, with trading volume rising by…
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AMCON Recovers N1.4tn, Says 350 Chronic Debtors Owe N2.05tn
The Managing Director of the Assets Management Corporation of Nigeria, Ahmed Kuru, on Monday disclosed that so far, the corporation…
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FG Plans N12.3bn Subsidy For Two Million Farmers
Over 2.2 million farmers are to receive about N12.3bn as agricultural subsidy from the Federal Government in coming weeks, it…
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External Reserves Drop By $180m In Two Weeks
The country’s external reserves lost $180m in two weeks, the latest figures obtained from the Central Bank of Nigeria showed…
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Stock Market Sheds N24.5bn As 32 Firms Record Losses
The Nigerian stock market lost N24.49bn last week as 32 firms saw their share prices decline at the end of…
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Alakija Launches N1bn Fund To Promote Female Entrepreneurship
Flourish Africa has announced the launch of a N1bn facility to fund and promote female-owned businesses in Africa. The female…
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Nigeria Wants Small-Scale Fishers Exempted From WTO’s Subsidy Ban
The Minister of Industry, Trade and Investment, Niyi Adebayo, has called on the World Trade Organization to exempt small-scale and…
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Senate Approves Buhari’s Fresh $8.325b, €490m External Loans Request
FG to spend 47% of its four-year revenue on debt servicing The Senate, yesterday, approved President Muhammadu Buhari’s request for…
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Debt servicing rises, gulps 72% of FG revenues
• Debt servicing to revenue ratio jumped from 54.66% in 2019 to 72% in 2020 The Federal Government made a…
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Tax credit: FEC awards N309.9bn road contracts to Dangote
The Federal Executive Council on Wednesday approved the award of a contract to Dangote Industries for the construction of five…
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GTB appoints Olusanya first female managing director
The newly established Guaranty Trust Holding Company Plc has appointed Mrs Miriam Olusanya as the managing director of Guaranty Trust…
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N15tn Infrastructure Company Begins Operation This Quarter
The N15tn Infrastructure Corporation of Nigeria will begin operations in the third quarter of this year, the Central Bank of…
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