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Nigerian Stock Exchange, sound, C & I Leasing Plc, NSE launches factbook, Top 10 stockbroking firms

Foreign investors drop Nigerian stocks worth N275 billion in 2019

The value of Nigerian stocks bought by foreign investors dropped from N1.22 trillion in 2018 to N942.55 billion as at the end of 2019, as hope for reforms that could boost the Africa's biggest economy fizzled.
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  

CBN raises CRR to 27.5%, holds MPR, other parameters constant

The Monetary Policy Committee of the Central Bank of Nigeria (@cenbank) has raised the Cash Reserve Ratio by 500 basis points to 27.5%. Meanwhile, other parameters such as Monetary Policy Rate, Liquidity ratio, and asymmetric corridor remain unchanged.
Vitafoam posts improved profit, set to pay N525 million in dividend , Vitafoam returns to a 5-year high

Vitafoam returns to a 5-year high

Vitafoam Nigeria Plc hit a 5-year high on the Nigerian Stock Exchange, this week. The stock closed at N5 in Tuesday’s trading session.
PoS transactions hit N3.20 trillion in 2019, as stamp duty rip-off remain 

PoS transactions hit N3.20 trillion in 2019, as stamp duty rip-off remains

The value of transactions carried out using Point of Sale (PoS) channel in Nigeria hit N3.20 trillion in 2019.
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.
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
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
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  

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.

Analysts explain when, why CBN could devalue naira by 5-10%

The report explains why a 5-10% devaluation of the naira is plausible amidst the CBN's recent monetary policies.

GTBank crashes ‘Quick credit’ to 1.33% monthly

Guaranty Trust Bank, Nigeria's largest bank by market capitalization, has crashed its interest rate for its payday loans from 1.75% to 1.33% per month. The bank reviewed its rate, which is published on its website,  as it becomes one of the lowest in the lending space. #GTBANK

Nigerians spend N3.73 billion in Cinemas in 2019 

Nigerians across major cities spent N3.60 billion on movies (weekends) at several Cinemas across the country to see movies.

Manchester United: A football club or a business

Manchester United’s standard of elitism as of late dropped so low since the retirement of the long-term manager, Sir. Alex Ferguson in 2013

Inflation rate jumps to 11.98% as border closure drags on

Nigeria’s inflation rate rose year on year to 11.98% in December 2019. According to the NBS, the rise in the food index was caused by increases in prices of Bread and cereals, Oils and fats, Meat, Potatoes, Yam and other tubers, Fish and Vegetables

Customer Experience: GTB, FCMB, Citibank, others emerge best banks in 2019  

GTBank, Citibank, FCMB, Zenith Bank, others have been ranked in the order of customer experience in 2019 by KPMG. #GTBANK,#ZENITH,#FCMB
NEC Inauguration: Buhari tells Governors "no more bail-outs", Bailout Fund: FG begins deduction of N614 billion from states’ allocation in 2 weeks , Ekiti, Enugu, Bayelsa, 12 others attract no investment in 1H , States’ debt stock, States receive N2.53 trillion allocation in 2019 

States receive N2.53 trillion allocation in 2019 

State governors in Nigeria shared the sum of N2.53 trillion gross allocation in 2019 (January – November).
Barcelona overtakes Real Madrid on biggest earners’ list as Tottenham stuns EPL 

Barcelona overtakes Real Madrid on biggest earners’ list 

Real Madrid have lost its position to Spanish League rival, Barcelona, on the list of the highest-earning football clubs in the world.
CCNN/ Kalambaina Cement merger - Nigeria stock excahnge, Analysis: BUA Cement's concrete merger

Analysis: BUA Cement’s concrete merger

Last week, Cement joined MTN, Dangote Cement, Nestle and Airtel as stocks with a market capitalization in excess of N1 trillion.
Mental stress, fatigue as young auditors work overtime to prepare financial results  

Mental stress, fatigue as young auditors work overtime to prepare financial results  

For auditors in Lagos and across Nigeria, now is probably the most stressful time to have a job.
charges, USSD, code, Banks, CBN, LDR, CRC Credit Bureau, Disrupting Nigerian banks, MTN’s USSD charge is not with our consent - Banks’ CEOs 

Banks borrow N19.64trillion from CBN in 2019

Commercial banks borrowed N19.64 trillion from the Central Bank of Nigeria in 2019, indicating a 73% increase from the N11.36 trillion borrowed in 2018.
Nigeria received $96 billion diaspora remittances inflow in 6-years

Nigeria receives $17.5 billion diaspora remittances in 2019 

Nigeria received $17.57 billion in direct diaspora remittances in 2019. According to data published by (@cenbank), remittances rose by 56.4% when it increased from $11.23 billion within the same period in 2018 to $17.57 billion in 2019.
Fitch downgrades Nigeria, blames Buharinomics for crisis in the economy , That $22 billion, Nigeria spends $1.31 billion to service external debt in 2019, up by 254% in 5 years, Confusion as ministry and presidency disagree over Finance Act start date  

Nigeria spends $1.31 billion to service external debt in 2019

Nigeria spent a whopping $1.31 billion to cover external debt obligations in 2019, as external debt service payment accumulated to $3.95 billion in the last 5 years (2015 - 2019). Data obtained from the (@cenbank) reveals
Zenith Bank, GTBank, Loan performance, Ease of doing business, Banks, SMEs, Businesses

Analysis: FUGAZ are back and investors are lapping it up

It's just one full week of business at the Nigerian Stock Exchange and stocks are already 9.51% up, one of the best performers in the world today.
Canada invites fresh 3,600 Express Entry Candidates in latest draw , Canada invites 3,600 fresh Express entry for Canadian Permanent Residency , Canada invites 71,700 Express Entry Candidates, as cut-off score rise in October , Canada invites 7,200 Express Entry Candidates to apply for PR in its November draws , Canada invites 85,300 candidates for permanent residency in 2019 

Canada invites 85,300 candidates for permanent residency in 2019 

The government of Canada invited 85,300 candidates to apply for Canadian Permanent Residency in 2019.
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  

Banks’ loan to private sector increases by N3.47 trillion in 2019

As the Central Bank of Nigeria (CBN) continues to compel Banks to boost their credit to the real sector of the economy, analysis of data published by the apex bank revealed that the loans increased by N3.46 trillion in 2019 (between January and November, 2019).
ATM charges in Nigeria, UBA Annual General Meeting, Kennedy Uzoka, Group Managing Director/CEO of UBA

UBA Recruits 4000 New Staff, Promotes Over 5,000 Staff members; increases Salaries Up to...

Lagos, Nigeria, January 06, 2020: Over 5,000 staff of the United Bank for Africa (UBA) Plc, started the new year with a lot of cheer as the bank yesterday announced its promotion to new grades as well as salary upgrades with immediate effect this January.
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%.
Fitch downgrades Nigeria, blames Buharinomics for crisis in the economy , That $22 billion, Nigeria spends $1.31 billion to service external debt in 2019, up by 254% in 5 years, Confusion as ministry and presidency disagree over Finance Act start date  

Still on the FG’s $22 billion loan

FGN has reintroduced a request to the National Assembly to borrow up to $22.74 billion from the international markets.

Air travellers across Nigerian Airports hit 8.5 million in 6-month

Nigerian Airports witnessed increased patronage in 2019, as air travellers rose to 8.48 million in 6-month. Basically, total air travellers (domestic and international) rose to 8.48 million in June 2019, up from 8.05 million in the corresponding period of 2018.
Here are the ten highest paid athletes of the decade; one earned $915 million 

Here are the ten highest paid athletes of the decade; one earned $915 million 

A list of ten highest-paid athletes in the last decade has been released by Forbes.
Nigerian Economy: Solution To Fixing Buharinomics

Nigeria in 2020: SB Morgen perspective

The Nigerian economy is expected to be challenged with uncertainties in the year 2020 and possibly beyond, SB Morgen Research disclosed.