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Facebook to employ 1,000 more London-based staff to improve safety 

Facebook to employ 1,000 London-based staff to improve safety 

In a bid to improve safety on its social media site, Facebook has announced that it would employ 1,000 more London-based staff.
Netflix inks another Nollywood deal , Netflix stands tall against competition, adds 8.8m subscribers 

Netflix stands tall against competition, adds 8.8million subscribers to its base

Netflix seems to be doing really well as the company’s 2019 fourth-quarter results show it has added 8.8 million subscribers.
Airtel partners Western Union to expand its own mobile money service 

Airtel partners Western Union to expand its own mobile money service 

Airtel Africa Plc announced that it had gone into partnership with Western Union to provide a reliable mobile money service for its customers.
Internet World Stats, Nigerian Communications Commission remittance, Network operators in Nigeria, Telecoms companies in Nigeria, MTN Nigeria, Airtel Africa, Globacom data, 9mobile court case, Top 10 states in Nigeria with the highest Internet subscribers , Telecommunications: The bright spot in a fragile economy, Telcos add 5.64 million voice and data subscribers in Q3 2019 - NBS , Alleged N200bn Debt: EFCC, DSS to probe telcos, Network glitch, as poor internet speed continues to impede banking services   

Network glitch: Poor internet speed impedes banking services   

Several internet customers have continued to experience slow internet, as poor internet speed continues to impede banking transactions.
Nigeria Customs Service shuts 272 car marts over smuggled car sales , Automobile dealers, Customs at loggerheads over vehicle smuggling, import duty , January 2020 is no terminal date; Borders will remain shut after then - Customs , FG bans fuel supply to border petrol stations, order threatens businesses, jobs, Ban on fuel distribution to border filling station begins to affect network providers , Nigeria Customs Service wants FG to impose this tax on petrol importers , Experts lament rising inflation over border closure, Closure of border petrol stations lowers fuel consumption by 30% - Customs Boss , Customs redeploys officers in charge of anti-smuggling at border , Nigerian customs records N1.3tr revenue in 2019, exceeds target by N404bn , Customs denies spending N1.6 billion on recruitment exercise alone, Customs officers must declare their assets annually – Customs boss 

Customs officers must declare their assets annually – Customs boss 

The Comptroller-General, NCS, retired Col. Hameed Ali, has said customs officers would henceforth be asked to declare their assets every year.
Paga acquires Ethiopian-based startup, Apposit, announces Paga subsidiaries

Paga acquires Ethiopian-based startup, Apposit, announces other subsidiaries

Nigerian tech startup, Paga, has acquired Ethiopian-based software development firm, Apposit.
Nigeria’s Pension Asset increased by N228 billion in October, PFAs increase investment in infrastructure to N40.52 billion   

PFAs boost investment in infrastructure to N40.52 billion   

The Pension Fund Administrators have increased investments in infrastructure to N40.52 billion, according to the latest PenCom's monthly report. 
Chief Olusegun Obasanjo

Obasanjo opens garment factory, competes with Nike Art Gallery, Sam & Sara 

Former President Olusegun Obasanjo has established a garment factory, Heritage Apparel, in Abeokuta, Ogun State.#Obasanjo #NIKEARTGALLERY
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

Loan scam: Lekoil Limited seals payment extension deal to prevent losing oilfield

Weeks after Lekoil Limited was submerged in a loan scam, the company has secured a postponement agreement to keep its shares
Access Bank CEO, Herbert Wigwe

Herbert Wigwe sells 28.8 million Access Bank shares

Access Bank's Chief Executive Officer, Herbert Wigwe, has sold 28.86 million shares worth N297.82 million, which represents 2.33% of his stakes in the bank. The transaction, which was done through Trust Capital Limited, was disclosed in a notice filed at the Nigerian Stock Exchange.
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 

Law Union, Lafarge, Unity Bank lead gainers’ chart on Tuesday 

The stock exchange market traded negatively on Tuesday as the all-share index dipped 0.83% to close at 29,462.76 index points.
Entrepreneur, Multiple businesses, Nigeria partners UAE to boost SMEs , US technology company deploys software to ease business process in Nigeria, Experts outline what SMEs must do to attract funding, investors in 2020 

Experts outline what SMEs must do to attract fund, investors in 2020 

In order to bridge the gap between funding and SMEs, business experts at the Nairametrics 2020 Economic Outlook discussed factors discouraging investors and proffer solutions

Economy: IMF & World Bank differ on Nigeria’s growth outlook

The IMF released its Global Economic Outlook where the fund announced it expects global growth to slow in 2020 to 2.9% (World Bank – 2.5%).
Donald Trump. Oil price

Trump may extend travel ban to Nigeria, Tanzania, Belarus, others

President Donald Trump may consider his travel ban to Nigeria, Burma, Belarus, Eritrea,  Kyrgyzstan, Sudan and Tanzania. A source in the White House disclosed.
Flutterwave raises $35 million in series B funding 

Flutterwave raises $35 million to expand operations

Flutterwave has disclosed expansion plans to Francophone and northern Africa as it raises a $35 million Series B round.
NNPC inks $1.16 million deal to deliver power project, NNPC inks deal to boost Nigeria's oil reserve base, Abule-Egba pipeline explosion: NNPC reacts, as over 45,000 incidents recorded in 18 years 

Pipeline explosion: Over 45,000 incidents recorded in 18 years – NNPC 

The Nigerian National Petroleum Corporation (NNPC) has disclosed that 45,347 incidents of pipeline explosion had occurred in the last 18 years.

Afreximbank pledges $500 million to support African creative products 

Afreximbank has pledged $500 million for the production and trade of African cultural and creative products over the next two years.
Blueprint Consulting denies involvement in N574 million fraud

Blueprint Consulting denies involvement in N574 million fraud

Blueprint Consulting has denied its involvement in a scheme organised by one of its partners through which 354 forex trade investors were defrauded of N574.2 million.
Federal Inland Revenue Service

PwC highlights key focus areas for FIRS’ newly-inaugurated directors 

PricewaterhouseCoopers has enumerated important areas the Federal Inland Revenue Service, under Muhammad Nami, should be focusing on. 
World Bank, Focus on lifting people out of poverty - World Bank tells FG , World Bank, IFC to assist in solving Nigeria’s infrastructure deficit , EXCLUSIVE: World Bank tasks developing nations to tap opportunities in GVCs, Warning signs: Nigerians living in extreme poverty might increase by 30 million – World Bank, US, China and UK’s protectionism ambition to affect Nigeria’s export, FDI , Terrorism bane to Nigeria's Agric development - World Bank

World Bank, IMF forecast sluggish growth for Nigeria in 2020

The World Bank has forecasted that Nigeria’s economy will further slowdown in 2020 with a growth of 2.1% amidst several policy uncertainties. On the other hand, the IMF disclosed that Nigeria’s economy will continue its sluggish trend. #IMF #WORLDBANK

FSD Africa invests $3.2 million in two African fintech firms operating in Nigeria 

Two fintech companies in Africa, MFS Africa and Frontclear, have secured $3.2 million worth of investments from FSD Africa Investments.
Ghana and south africa, Illicit financial flows: Nigeria lost $157.5 billion between 2003 and 2012 - Buhari , President Buhari says World Bank, IMF data are not reliable, Ahead of Nigeria, Ghana and South Africa top FDI inflows in Africa – Fitch , Nigeria’s Buhari wants MDAs to publicly disclose transactions above N5 million  

FG exempts tuition fees, basic food items, others from 7.5% VAT  

FG has exempted about 20 basic food items and some other transactions/items from the new 7.5% Value Added Tax (VAT) set to kick off on February 1.
Konga’s CEO discloses how the company positioned itself as leading e-commerce market 

Konga’s CEO discloses secrets of firm’s huge growth

The Co-CEO of Konga, Prince Nnamdi Ekeh has disclosed how the company made it into becoming a clear leader in the competitive e-commerce market.
Power: UAE builds energy Plant in Lagos, Electricity Tariff: FG, electricity stakeholders to work on equitable rate 

Electricity Tariff: FG, electricity stakeholders to work on equitable rate 

FG is working with all relevant stakeholders in the electricity sector to establish an equitable rate in the perspective of payers and investors.
President Buhari may sign 2020 Budget tomorrow, President Buhari approves N37 billion for National Assembly renovation, President Buhari appoints Sarki Auwalu to head DPR , Economy: Reviewing FG’s 2019 revenue performance, Nigeria, and other African markets top destination for investments in 2020

Buhari reveals when border will be reopened

Nigerian President Muhammadu Buhari has disclosed that he will not order the reopening of the country’s land borders till the final report of the committee set up on the matter was submitted and considered.
Nigerian traders urge ECOWAS to solve trade issues before single currency adoption 

Nigerian traders urge ECOWAS to solve barriers before adopting ECO 

NANTS has called on the ECOWAS Heads of State and Government to address the issues of trade barriers and corruption at the borders. #ECOWAS #NANTS

U.K signs £6.5 billion commercial deals with Nigerian firms, others

British firms have announced commercial deals worth over £6.5 billion across the African markets. This was disclosed at the opening of the UK-Africa Investment Summit in London on Monday
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 

Devaluation: Experts highlight trends clouding economy’s growth in 2020 

Financial experts and analysts say structural imbalances like revenue shortfall, development in the global oil market and CBN policies among others pose very bleak outlook for the economy.
Ghanaian president begs Buhari to open border 

Ghanaian President begs Buhari to open border 

The President of Ghana, Nana Akufo-Addo has pleaded with President Muhammadu Buhari to reopen the closed borders.

Here’s why Continental Reinsurance is delisting from NSE 

Continental Reinsurance Plc has reverted to a private limited liability company after two decades of operating as a public limited liability company.