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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World Bank Advocates Consultation On Diaspora Bond Issuance
World Bank has said that the success rate of diaspora bonds can be boosted if citizens living in the diaspora…
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Banks Drive N1.5tn Appreciation In NGX Market Cap
Banking stocks were the main drivers of the gain recorded by investors on the Nigerian Exchange Limited in the first…
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CBN Bars Crypto Bank Account Operators From Cash Withdrawal
Cash withdrawals will not be possible from accounts opened for virtual and digital assets transactions, the Central of Nigeria has…
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President Signs Budget As N’Assembly Raises Lawmakers Allocation To N344bn
President Bola Tinubu The National Assembly has raised its 2024 budgetary allocation by 74.23 per cent to N344.85bn. This will…
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NGX Group Appoints Popoola CEO As Onyema Bows Out
Former Chief Executive Officer (CEO) of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema The Nigerian Exchange Group has announced…
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Non-Oil Revenue Soars By 67% To N4tn, Says CBN
The Federal Government has grown its non oil revenue by 67 per cent to approximately N4tn quarter-on-quarter, according to the…
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Nigeria To Develop cNGN Stablecoin In 2024 – Report
Nigeria is apparently launching its first regulated Naira stablecoin called cNGN following the lifting of a two-year ban on cryptocurrency…
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E-Naira Jumps By 284%, Notes Decline To N2.7tn – CBN
The volume of eNaira in circulation rose by 284.6 per cent to N9.78bn in August, according to the Central Bank…
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FG Can Generate N10tn From Non-Oil Assets –Tax Panel Chair
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has said that Nigeria can easily…
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Your Money Is Safe In Banks, CBN Assures Nigerians
The Central Bank of Nigeria has affirmed the safety of funds in Nigerian banks, emphasising the stability of the country’s…
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Finance Ministry Gets $5.6m W’Bank Loan For Stationery, Others
The Home Finance Department of the Ministry of Finance, Budget and National Planning has received the sum of $5.6m from…
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CBN Investigator Summons Lemo, Others Over Union Bank Deal
Tunde Lemo The Special CBN Investigator, Jim Obazee, has summoned the Chairman of Titan Trust Bank, Babatunde Lemo, in connection…
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Emefiele Rejects Investigator’s Report, Says Allegations Satanic
Godwin Emefiele Embattled former Governor of the Central Bank of Nigeria, Godwin Emefiele, has faulted allegations of stolen funds against…
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CBN Lifts Ban On Cryptocurrency Transactions
The Central Bank of Nigeria has changed its stance on crypto assets in the country and asked banks to disregard…
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Keep External Reserves In Chinese Yuan, Reps Advise CBN
Yuan The House of Representatives has called for the adoption of the Chinese Yuan as an official foreign exchange reserve…
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Banking Stocks Drive Market Capitalisation Past Historic N40tn
The market capitalisation of the Nigerian Exchange Limited crossed the N40tn mark at the close of trading on Wednesday on…
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Local Steel Production Will Reduce Vehicle Cost – Stakeholders
Experts have urged the government to prioritise local steel manufacturing to reduce the cost of vehicles in the country. Battery…
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Africa Loses $90bn Annually To Illicit Financial Flows -AfDB
The Africa Development Bank has lamented the spate of illicit flow of funds in Africa’s financial system and called for…
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NGX Share Index Crosses Historic 72,000 Points, Investors Gain N215bn
The benchmark index of the Nigerian Exchange Limited, All-Share Index rose by 0.55 per cent on Wednesday at 72,299.79 points,…
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Suspension Of Cash Deposit Charges Will Reduce Burden On SMEs
Dr. Chinyere Almona Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona, has applauded the decision…
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