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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Banks Involved In 70% Of Financial Crimes – EFCC
The Economic and Financial Crimes Commission, on Monday, indicted banks as being linked to about 70 per cent of the…
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Senate Summons CBN Officials Over N30tn Loans
The Senate has said it will quiz some officials of the Central Bank of Nigeria on how the N30tn Ways…
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NDIC Refunds Depositors Of 179 Liquidated Banks
The Nigeria Insurance Corporation has said that it has reimbursed depositors of 179 rested microfinance and four mortgage banks across…
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FX Debt: CBN Owing Only Five Banks, Says Cardoso
CBN’ Governor, Dr Olayemi Cardoso The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that foreign exchange…
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CBN Sells Over $300m To Banks As Naira Gains
The Central Bank of Nigeria has over $300m to Deposit Money Banks in the last two weeks amid desperate efforts…
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Foreign Loans Make Up 59% Of $4bn Capital Importation – NBS
No less than 59.1 per cent of capital importation into the country in 2023, amounting to $2.31bn, was foreign loans,…
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N500bn Recapitalisation: FMBN Extends Loans To NHF Contributors
The Federal Government has assured the Federal Mortgage Bank of Nigeria (FMBN) of legislative amendments of relevant housing industry laws…
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Minimum Wage: Private Sector, States Fault Labour’s Push For N1m
Joe Ajaero, NLC President The organised private sector, Ekiti, Sokoto, and other states have faulted the demand by the Nigeria…
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Nigeria Facing Worsening Economic Crisis, Says IMF
The International Monetary Fund has said stalled per-capita growth, poverty and high food insecurity have exacerbated the ongoing cost-of-living crisis…
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Ban On Sachet Spirits, PET Bottles Threatens N800bn Investments – MAN
25 companies affected 5.5m direct, indirect jobs at risk The Manufacturers Association of Nigeria (MAN) said the ban imposed on…
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Naira Weakens At Parallel Market, Rises At Official Window
The naira strengthened at the official window on Monday, after the Central Bank of Nigeria Governor, Olayemi Cardoso, reassured that…
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FIRS To Tax Social Media Influencers, Content Creators
The Federal Inland Revenue Service (FIRS) has concluded plans to enforce tax payment for social media content creators and influencers,…
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CBN Cautions FX Dealers Against Market Manipulation As Naira Slides To N1,500
Offsets ‘verified’ aviation FX backlog, pays $64.4mAmid sustained slide of naira, which currently trades around N1,500 in exchange to a…
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1,500 Redeployed CBN Staff Resume At Lagos Office
At least 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office…
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Equity Market Cap Nears N60tn
Trading Floor of NSE The market capitalisation of the Nigerian Exchange gained about N1.24tn at the end of Monday’s trading…
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Naira Falls To All-Time Low On Official Window, Trades 1348/$
The naira fell to an all-time low of N1348.63/$ on the Nigerian Autonomous Foreign Exchange Market on Monday. This signifies…
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Sanusi Backs CBN On Departments Relocation
Sanusi The former Emir of Kano, Sanusi Lamido, has urged the Central Bank of Nigeria to go ignore noise against…
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Why OPay Will Remove Accounts Without BVN, NIN
Being a top mobile-based payments platform, OPay has pledged to implement a thorough removal process for accounts lacking a Bank…
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FX Crisis Plunges Nigeria’s Non-Oil Exports To $4.5bn
The value of Nigeria’s non-oil export revenue recorded a marginal decrease to $4.5bn in 2023, the Nigerian Export Promotion Council…
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CBN To Tackle Forex Infractions With Heavy Sanctions
The Central Bank of Nigeria has uncovered infractions, gross abuses, and non-compliance with foreign exchange market regulations. Consequently, the apex…
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