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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CBN intervention, FPI inflow Strengthens Naira
The naira strengthened at the official window in the past week to 1,547/$ from 1,549/$, supported by intervention from the…
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POS Agents Handle N223tn As ATM Usage Drops
Point of Sale terminals handled transactions worth N223.27tn in 2024, representing a significant increase from the N110.35tn recorded in 2023.…
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Bank Customers Petition CBN Over Excess Charges
The Bank Customers Association of Nigeria has revealed that it has written to the Central Bank of Nigeria about the…
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US Recovers $225m Stolen In Crypto Scam
The US government said Wednesday it recovered $225 million in the largest seizure yet of money stolen in a cryptocurrency…
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USSD Debt: Subscribers, Banks, Telcos Agree On Airtime Billing
Telecommunications operators in Nigeria now have direct access to revenue generated from Unstructured Supplementary Service Data services, following a new…
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China Offers Nigeria, Others Duty-Free Market Access
In a major policy shift set to reshape Africa-China trade relations, the Chinese government has announced plans to grant Nigeria…
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BOI To Unveil Impact Fund, Youth Bank
The Managing Director and Chief Executive Officer of the Bank of Industry, Olasupo Olusi, has disclosed that the bank is…
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Africa’s Growth Depends On Homegrown Innovation, Infrastructure – Business Leaders
Africa’s long-term economic growth and global competitiveness depend on scaling local innovation and investing in critical infrastructure, executives said at…
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Keystone Bank Bags Most Friendly SME Bank Award
Keystone Bank Limited has been named the “Most Friendly SME Bank of the Year 2024” at the Champion Newspapers Annual…
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Global Economy Faces Weakest Growth Since 2008 – W’Bank
Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since…
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Customers To Pay Banks USSD Fees Through Airtime – NCC
The Nigerian Communications Commission has directed Deposit Money Banks to start deducting charges for unstructured supplementary service data transactions directly…
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FG Opens Sale Of Short-Term Bonds
The Federal Government of Nigeria, through the Debt Management Office, has opened a new window for subscription to its Federal…
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FG Plans 77,400 Housing Units Nationwide
The Federal Government has announced a landmark initiative under the Renewed Hope Agenda to deliver 77,400 social housing units across…
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Fresh $24bn Borrowing May Balloon Nigeria’s Debt To N183tn
•NASS set to approve Tinubu’s loan request, foreign debt nears $70bn, economists worry over high debt-servicing Nigeria’s public debt is…
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$750m Loan: World Bank Pressures Nigeria For Fresh Tax Hike
The World Bank has asked the Federal Government to issue a presidential order raising excise duties on “sin goods” such…
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NGX Sheds N70bn As Market Dips
The Nigerian Exchange closed negatively on Wednesday, as the equities market reversed the previous day’s gains, with investors losing approximately…
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EFCC Arrests Access Bank Ex-Employees Over N5.73 Billion Fraud
The Economic and Financial Crimes Commission (EFCC) has arraigned four former employees of Access Bank Plc, Olajide Ogunmoroti, Michael Igbomina,…
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Access Holdings Invest N193.5 Billion In Fraud Prevention
As global financial fraud losses surpass $485 billion annually, Access Holdings Plc is blazing a trail in Africa’s financial landscape…
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IMF Confirms Nigeria’s Full Repayment Of $3.4bn Loan
The International Monetary Fund has confirmed that Nigeria has fully repaid the $3.4bn financial support it received under the Rapid…
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MOWCA, AfDB Collaborate To Boost Maritime Trade
In a bid to boost maritime trade in the Gulf of Guinea, the Maritime Organisation of West and Central Africa…
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