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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TEF Announces $15m Grant For 3,000 African Entrepreneurs
The Tony Elumelu Foundation has announced a $15m grant to support 3,000 young entrepreneurs across 52 African countries, as part…
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Naira Struggles At Official Window, Depreciates To 1536/$
The naira struggled at the official window in the past week, shedding 1.25 per cent week-on-week to settle at 1536.89/$…
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MTN To Restructure Fintech Business In $200m Mastercard Deal
MTN Group is advancing plans to separate its fintech businesses in Nigeria, Ghana, and Uganda as part of a restructuring…
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Inflation Drops To 23.18% Amid High Cost Of Goods
Nigeria’s inflation rate dropped for the second consecutive month in February 2025, falling to 23.18 per cent from 24.48 per…
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Bearish Sentiment Persists As NGX Sheds N8bn
The Nigerian Exchange extended its losing streak on Monday, shedding N8bn as investors continued to react to market headwinds. The…
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PenCom Fast-Tracks Retirement Benefits Payment Process
The National Pension Commission has sped up the payment of retirement benefits as indicated in a new policy directive to…
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CBN Uncovers N2.3m In Illicit Naira Transactions
The Central Bank of Nigeria has raised concerns over the increasing trend of illicit transactions involving banknotes, warning that the…
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Equity Market Gains N1.83tn In One Week
The Nigerian equity market recorded a gain of N1.83tn last week as the All-Share Index and Market Capitalisation appreciated by…
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Naira Rises To 1,494.03/$ At Official Market
The naira strengthened to 1,494.03/$ at the official window on Thursday according to data from FMDQ Securities Exchange Limited. Similarly,…
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CBN Orders Bank Directors With Bad Loans To Resign
The Central Bank of Nigeria has ordered bank directors with non-performing insider-related loans to immediately resign from their positions as…
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Banks Must Make Cash Available In ATMs – CBN
The Central Bank of Nigeria has urged banks to ensure that their customers have access to cash at their Automated…
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FG Lists N368.3bn Bond On NGX
The Federal Government of Nigeria has listed a N368.3bn bond along with N234bn in supplementary bond issues on the Nigerian…
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Most Banks Don’t Sell Dollars To BDCs – ABCON
The President of the Association of Bureau de Change Operators of Nigeria, Aminu Gwadebe, has said that only a few…
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Equity Market Opens Week With N72bn Loss
The Nigerian equity market kicked off the week on a negative note, shedding N72bn in market capitalisation at the close…
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Naira Strengthens At Parallel Market, Weakens On Official Window
In the past week, the naira experienced a mixed performance across various segments, reflecting the Central Bank of Nigeria’s ongoing…
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CBN Retains N100 ATM Fee For Withdrawals Below N20,000
The Central Bank of Nigeria has announced that Nigerians withdrawing less than N20,000 from another bank’s Automated Teller Machine will…
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Nigerian Tax Laws Not Conducive For Growth — Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said that the current tax…
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FG Assumes Full Control Of Keystone Bank
Keystone Bank has confirmed that it is now fully owned by the Federal Government of Nigeria, stating that the takeover…
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Telcos Tariff Hike: Reps Demand Reversal As New Pricing Begins
Nigerian telecommunications operators have started implementing the long-awaited 50 per cent tariff hike following regulatory approval from the Nigerian Communications…
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FG To Issue N758bn Bonds To Clear Pension Arrears
The Federal Government says it would issue bonds worth N758bn to clear accumulated pension debts. This includes debts owed under…
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