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Nigeria Crude Oil Prices, Nigeria wants international oil companies to pay up now , Trade conflict between United States, China continues to affect oil prices, Global oil prices rally to $69.16, as Soleimani killed in US air strike, Crude oil prices continue to rise on the backdrop of US-Iran tension 

Crude oil prices continue to rise on the backdrop of US-Iran tension 

Global oil prices have been on the increase ever since the killing of the top Iranian army Commander, Qasem Soleimani in Bagdad last Thursday.  
PenCom, unremitted pensions, Lagos State Pension Commission, LASPEC, Pension Fund Assets, PFAs make N1.69 trillion ROI  

PenCom seeks bonds to clear N400 billion arrears as retirees groan 

PenCom is taking steps to raise pension bonds through the Debt Management Office (DMO) to offset the pension arrears of the federal retirees.
BHH, Podcast, WAVE, entrepreneurs, business, Nigerian, concept, business, ethics, Goal, Setting, Actualization, Greymate Care, Chika Madubuko,, business ethics Femi Adeyemo, BHH Podcast, Fundall, Swift Medispark, Ugo Nwokoro, technology in healthcare, EazyHire, Data Science, Yvonne Alozie, Gitgirl, Verifi, CAMA and taxes for SMEs, Tayo Lekan-Agbaje, Dclutterng, Business half hour, BHH Podcast, Oluyomi Ojo, Taiwo Obasan, Nigerian shoes business

BHH Podcast: What 2020 holds for SMEs (1) – Ugodre

On this episode of #BHH, Ugodre gave an insight on how business climate would be for SMEs's and an overall outlook on the global and national economy.
How FG saved N1 trillion that disappeared in past administrations 

How FG makes N1 trillion from reforms, anti-graft operations

Mohammed Dikwa, a Permanent Secretary, has disclosed how President Buhari's administration saved N1 trillion.
Hyundai to invest $87 billion into producing 44 new electric vehicles, Hyundai partners Kia to invest €100m in electric vehicles 

Hyundai to invest $87 billion into producing 44 new electric vehicles 

Hyundai Motor Group has disclosed its plans to invest $87 billion in the production of electric vehicles and autonomous driving.
Ugo Nwaghodoh, UBA

Promotions, lay-offs as UBA effects corporate right sizing

One of Nigeria's largest banks and largest by employees, United Bank of Africa has reportedly laid off several of its employees in a move viewed as corporate right-sizing.
Nigeria Crude Oil Prices, Nigeria wants international oil companies to pay up now , Trade conflict between United States, China continues to affect oil prices, Global oil prices rally to $69.16, as Soleimani killed in US air strike, Crude oil prices continue to rise on the backdrop of US-Iran tension 

Global oil prices hit $69.16 after US airstrike  

Global oil prices on Friday hit $69.16 per barrel, as the US killed top Iranian general to brew fears of conflict in the oil-rich Middle East.
FCMB, NSE, Nigerian stocks, Nigerian stock exchange, Presco, Cadbury, UACN led top gainers' chart as ASI gains 0.51%, Guinness, UBA, Access, two others led top gainers on Monday , Access, Zenith and GT Bank traded N3.42 billion shares on Tuesday , Ikeja Hotel, Cadbury, Union Bank top gainers’ chart on Wednesday , Nigeria Breweries, Unilever, Unilever lead gainers chart on Friday , Stock Market dipped N197.35 billion Equity value on Monday , Bulls return to the NSE as market cap hits N13 trillion mark, FCMB, Cornerstone Insurance lead gainers as bourse gain N94.2 billion , Law Union, Lafarge, Unity Bank lead gainers on Tuesday, GTBank, Transcorp, Zenith lead active trades on Friday 

Bulls return to stock market, as bourse’s cap hits N13 trillion mark 

NSE traded in positive territory on Friday as the market indicator grew 0.38% to close at 26,968.79 index points.
Buhari signs Siemen's deal, Nigeria-Siemens electricity deal, Power: FG signifies financial commitment to Siemens agreement

Power: FG signifies financial commitment to Siemens agreement

Nigeria and power giant, Siemens signed a power sector deal which would lead to the production of 25,000MW of electricity in the country by 2025.
MTN halts plans to sell $300 million stake in Botswana firm, MTN sells R14 billion worth of assets in 2019 

MTN sells assets worth R14 billion in 2019 

MTN has announced the sale of R14 billion worth of assets in 2019, as asset sales are expected to be finalized in the first quarter of 2020. 
Female entrepreneurs get N26 billion BOI loans 

Female entrepreneurs get N26 billion BOI loans 

The Bank of Industry (BOI) has disclosed that it disbursed N26 billion loans to female entrepreneurs in 18 months.
Lekan Akinyanmi, Lekoil, Lekoil secures $184m funding to finance OPL 310 drilling , Loan scam forces Lekoil’s shares to plunge over 70% as more denial emerges, Seawave Invest Ltd said it is open to investigation over Lekoil’s loan scam , Loan scam: Lekoil Limited seals payment extension deal to prevent losing oilfield

Lekoil secures $184m funding to finance OPL 310 drilling 

Lekoil 310 Limited, has secured $184 million funding to finance the drilling and all initial development plans on the Ogo field.
Auditor-General, Accountant-General, grants, FAAC disburses N327.68 billion to States and LGAs in September, as allocation drops again, Auditor-General drags Accountant General of the Federation into financial infraction mess 

Auditor-General  fingers Accountant General of Federation in a N57.62billion grants 

The Accountant General of the Federation, Ahmed Idris, has been queried by the Auditor-General for the Federation, Anthony Ayine,
Dangote Sugar Refinery to merge with Savannah Sugar, Dangote was $4.3 billion richer in 2019, Dangote Sugar announces closed period, ban insider shareholders from trading 

Dangote was $4.3 billion richer in 2019

Aliko Dangote added $4.3 billion to his fortunes by the end of 2019, as his investments in cement, flour and sugar grew further.
CBN-Governor-Emefiele, Investors’ and Exporters’ forex window aided Naira stability – Emefiele , Financial Inclusion: CBN licensed 15 mobile money operators – Emefiele , Rates continue to decline as banks struggle to meet CBN’s 65% minimum LDR, CBN releases new guidelines, to fine banks N2 million over customers’ complaint , CBN: FG fell short of monthly allocated collected revenue by N388 billion, CBN issues new rule for use of PoS, merchants to face sanction after deadline, CBN may devalue naira in 2020 as experts highlight red flags in the economy, CBN appoints and redeploys directors within its ranks  

Nigerian Treasury Bills fall to 5.2% per annum

The latest data from the Central Bank of Nigeria reveals Nigeria's 364-day treasury bills have fallen to 5.2%.
Paga records over $2 billion worth of transactions in 2019 , Paga acquires Ethiopian-based startup, Apposit, announces Paga subsidiaries

Paga records over $2 billion worth of transactions in 2019 

The founder and CEO of Paga, Tayo Oviosu, has disclosed that the mobile payment company recorded over $2 billion worth of transactions in 2019.
International Breweries announces changes in management 

International Breweries end 2019 as worst performing stock.

International Breweries has ended 2019 with the unenviable record as the worst-performing stock of the year. 
CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele  , Increasing food prices might erase chances of CBN cutting interest rate   , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million  , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, CBN, Bankers Committee move to revive National Theatre with N25 billion , Nigeria’s 3.46 trillion fiscal deficit a source of concern – MPC Member , CBN says Nigerian banks assets and liabilities is now at N41.42 trillion , BVN: CBN to link 100 million banks accounts through proactive means, Foreign reserves drops $4.45 billion, edges closer to $30 billion devaluation benchmark, Payment system framework: CBN provides guidelines to address systemic risk, others, CBN retains Loan to Deposit Ratio at 65% as against increment to 70% , Federal High Court could jail Emefiele over $53 million judgment debt, CBN strongly denies establishing a poultry farm to support its monetary policies, Analysts explain when, why CBN could devalue naira by 5-10%

Foreign reserves drop by $4.45 billion in 2019

The country’s foreign reserves dropped by $4.45 billion from the $43.07 billion recorded in January 2019 to $38.61 billion in December 2019.
@realDonaldTrump

U.S companies in Nigeria created over 3 million jobs, generate N1.4 trillion revenue- ABC

As high unemployment rate continues to remain a perennial problem in Nigeria, U.S companies in the country created over 3 million jobs in just one year. This is disclosed in the latest Economic Impact Survey released by the American Business Council
Vitafoam posts improved profit, set to pay N525 million in dividend , Vitafoam returns to a 5-year high

Vitafoam posts N2.38billion PAT, to pay N525 million dividend 

Vitafoam Nigeria Plc posts improved profit and is set to pay a dividend of N525 million for the year ended September 30 2019.
CBN’s new bank charges takes off today

CBN’s new bank charges takes off today

The new CBN regime of banking charges against customers for services rendered is expected to start today, January 1st, 2020.
FG battles 6 oil firms for failure to remit N20 trillion , ExxonMobil, Shell, Chevron delay $58.4 billion oil and gas investment in Nigeria, Crude Oil: Nigeria’s oil production slips for the third consecutive month 

ExxonMobil, Shell, Chevron delay $58.4 billion oil and gas investments in Nigeria 

ExxonMobil, Shell, Chevron and other IOCs are delaying investment in oil and gas projects worth $58.4 billion in Nigeria.
The NSE’s best performing stock in 2019 was just struggling last year; what changed?, C&I Leasing assures investors of brighter 2020 , SEC extends C&I Leasing N3.2 billion rights issue to Jan. 13

SEC extends C&I Leasing’s N3.2 billion rights issue to Jan. 13

The Securities and Exchange Commission (SEC) has granted C&I Leasing Plc a 10-day extension for the closure of its N3.2 billion rights issue.
Why NAFDAC may sanction bakeries nationwide, NAFDAC destroys fake products valued at N1.32 billion 

NAFDAC destroys fake products worth N1.32 billion 

No less than N1.32 billion worth of unwholesome goods have been destroyed by the National Agency for Food and Drugs Administration and Control (NAFDAC).
FG reiterates commitment to implement reform of broadcasting code, Border to remain closed till Benin, Niger meet Nigeria's conditions, FG vows , Lai Mohammed: Nigeria’s non-oil exports increased to N2 trillion   

Nigeria’s non-oil exports increase by 100%

The Federal Government of Nigeria has disclosed that the country’s non-oil exports increased from N1 trillion to N2 trillion in one year.
Dangote discloses N25 billion loss due to Lagos poor road network

Dangote discloses N25 billion loss to Apapa road network

Aliko Dangote has lamented the loss his company recorded as a result of the bad state of the Oshodi-Apapa Expressway.
OPPO, 5G

OPPO discloses plans to invest $7 billion in technology

OPPO has disclosed that it would be investing over $7 billion in research and development, for the production of new smartphones and accessories. 
Treasury Bill Investment: Ghana Vs Nigeria, Further rate decline expected as N405 billion worth of treasury bills mature , CBN’s N225.45 billion T-bills auction records oversubscription, as rate fall below 5% 

Further rate decline expected as N405 billion worth of treasury bills mature 

A further decline in the interbank lending rates is expected as N405 billion treasury bills matured to boost liquidity. 
Bank CEOs, NCC, CBN to meet over USSD charges

Bank CEOs, NCC, CBN to meet over USSD charges

Body of Bank CEOs, the CBN and the NCC will meet on the dispute surrounding the charges for use of Unstructured Supplementary Service Data (USSD). 
CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele  , Increasing food prices might erase chances of CBN cutting interest rate   , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million  , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, CBN, Bankers Committee move to revive National Theatre with N25 billion , Nigeria’s 3.46 trillion fiscal deficit a source of concern – MPC Member , CBN says Nigerian banks assets and liabilities is now at N41.42 trillion , BVN: CBN to link 100 million banks accounts through proactive means, Foreign reserves drops $4.45 billion, edges closer to $30 billion devaluation benchmark, Payment system framework: CBN provides guidelines to address systemic risk, others, CBN retains Loan to Deposit Ratio at 65% as against increment to 70% , Federal High Court could jail Emefiele over $53 million judgment debt, CBN strongly denies establishing a poultry farm to support its monetary policies, Analysts explain when, why CBN could devalue naira by 5-10%

CBN says Nigerian banks’ assets and liabilities are now at N41.42 trillion

CBN has disclosed that the total assets and liabilities of commercial banks in the country amounted to N41.42 trillion as at October ending.