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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Investors Lose N252bn On Bearish Equity Trading
Stock investors lost N252bn as the Nigerian Exchange sustained its bearish trading on Thursday. The market lost about N467bn between…
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Steady Dollar Supply Pushes Naira To 1,262/$
The naira, on Wednesday continued its gain against the United States dollars, appreciating both at the official foreign exchange and…
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Dangote, Adenuga, Abdulsamad, Otedola Make Forbes List With $26bn
Forbes has listed Nigerian businessmen, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola, as the top richest Nigerians in…
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Naira Sells Below 1,280/$ At Official, Parallel Markets
The naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39…
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FIRS Will Not Introduce Additional Taxes – Adedeji
FIRS Chairman, Adedeji The Chairman of the Federal Inland Revenue, Zacch Adedeji, has restated the agency’s commitment not to introduce…
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Tinubu Okays Infrastructure Devt Fund, FG Eyes $25bn Annually
President Tinubu President Bola Tinubu on Monday approved the Renewed Hope Infrastructure Development Fund to bridge the country’s $25bn per…
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FG Deducts N415bn State Allocations For Debt Servicing
The Federal Government has deducted over N415bn from state government allocations to service their external loans, according to findings by media…
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CBN Directs BDCs To Sell Dollar At N1,269
The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at…
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Naira Rebounds To N1,400/$ As Speculators Offload Forex
The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency…
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Senate Confirms Alade AMCON Boss
Alade The Senate confirmed Gbenga Alade as the Managing Director of the Assets Management Company of Nigeria on Tuesday. Announcing…
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N30tn Loans: Senate Uncovers Fresh Infractions, Summons Cardoso
Cardoso The Senate Ad-hoc Committee probing how the N30tn Ways and Means loans were obtained from the Central Bank of…
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Equity Market Dips 0.40% On Sell-Offs
Trading Floor of NSE The Nigerian exchange declined by 0.40 per cent as investors reacted to the latest Consumer Price…
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Naira Depreciation Pushes Nigeria’s Imports To N35tn
Nigeria’s total imports grew to N35.9tn in 2023, from N25.5tn recorded in 2022, according to data by the National Bureau…
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Senate Warns Against Supplementary Budget, Excess Loans
The Senate has warned the executive against increasing the budget size through a supplementary budget, advising the government to use…
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FG Eyes $1bn W’Bank Loans For IDPs, Agric
The Federal Government is in talks with the World Bank to complete the processes of obtaining over $1bn loans to…
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FG Plans Fresh Borrowing Via Eurobond In June
President Tinubu The Federal Government has enlisted the expertise of leading global investment banks, including Citibank NA, JPMorgan Chase &…
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Senate Gives Panel Six Weeks To Probe N30tn CBN loans
The Senate President, Godswill Akpabio, has charged the panel members investigating the N30tn “Ways and Means” loans secured from the…
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PenCom Denies Lending FG N10tn
DG, PENCOM, Aisha Umar The Director General of the National Pension Commission, Aisha Dahir-Umar, has denied allegations that the commission…
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Naira Devaluation Fuelling Massive Regional Export – Govs
The Nigeria Governors Forum has said governors are implementing diverse strategies and measures aimed at resolving the ongoing economic challenges…
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Cement Companies Grow Revenue To N3tn
The three cement manufacturing companies listed on the Nigerian Exchange Limited improved their incomes by 30.65 per cent to N3.07tn…
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