Wealth.ng
World Bank accuses AfDB, Asian bank, others of worsening Nigeria’s debt problem 

AfDB, Asian Bank, others worsen poor nations’ debt problem – World Bank

World Bank has alleged that African Development Bank (AfDB), Asian Development Bank, and the European Bank for Reconstruction and Development worsen the debt burden of Nigeria and other countries.
Canada invites fresh 3,500 candidates to apply for permanent residence, Canadian Study Permit: Nigeria ranks 8th highest receiver in 2019 

Canada invites fresh 3,500 candidates to apply for Permanent Residence 

The Canadian Government has issued fresh 3,500 invitations to Express Entry candidates to apply for permanent residence in a draw held on the 5th of February 2020.
IMF moves to replace first Deputy MD, David Lipton 

IMF moves to replace first Deputy MD, David Lipton 

The MD of IMF, Kristalina Georgieva has announced that the Fund's first Deputy MD, David Lipton would step down at the end of February.
US urged to buy stakes in Nokia, Ericsson to battle Huawei 

US tasked to buy stakes in Nokia, Ericsson to battle Huawei 

The United States of America has been told to buy controlling stakes in European companies, Nokia and Ericsson to compete with Huawei.
US House Speaker, Pelosi, Atiku, react to US travel ban on Nigerians, others 

US Speaker, Pelosi, Atiku frown at Trump’s travel ban placed on Nigerians 

President Donald Trump has included Nigeria into a six-country ban list due to failure to meet required security standard. 
Donald Trump, What does Iran’s war with America mean for Africa?, US to stop issuing visa for Birth Tourism, Trump Travel Ban List: Why Nigeria should be excluded  

US to stop issuing visa for Birth Tourism 

The United States of America (USA) has announced its new visa rules which are aimed at restricting birth tourism in the country.
South African Airways to cancel some African routes, as revenue loss bites 

South African Airways to cancel more foreign routes, as revenue loss bites 

South African Airways is cancelling some routes, including flights to neighbouring countries where it has grossed poor revenue in the past years.
Donald Trump. Oil price, US finally includes Nigeria into travel ban list, exempt certain visas 

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.

Ethiopia to build largest airport in Africa 

Ethiopian government wants to build an airport which will further establish the dominance of its aviation sector in the continent. 
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 fresh 3,500 candidates to apply for permanent residence 

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.
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, Coronavirus projected to affect crude oil demand negatively , Worry, as Coronavirus threat pushes oil price below budget benchmark

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.  
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, Coronavirus projected to affect crude oil demand negatively , Worry, as Coronavirus threat pushes oil price below budget benchmark

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.
World’s strongest currency in 2019 projected to drop in 2020 

Why World’s strongest currency may stall in 2020 

Analysts fear the Canadian dollar, which was the best-performing major currency in 2019, has been projected to lose steam.
Alexander Goma resigns from PZ Cussons as Executive Director  

PZ Cussons’ low H1 profit blamed on under-performance in major markets 

The profit of global consumer goods maker, PZ Cussons Plc, has continued to be negatively affected by lower sales in its Nigeria market and elsewhere.
MTN’s parent company faults regulator’s recommendation for data price reduction, MTN Nigeria reacts to poor internet as network issues go beyond Nigeria 

MTN’s parent company faults regulator’s recommendation for data price reduction 

South Africa’s Competition Commission released a report which observed that the cost of data in the country has become too high.
Ford turns McDonald’s coffee waste to headlamps’ cases, other parts 

Ford turns McDonald’s coffee waste to headlamps’ cases, other parts 

Ford is set to combat climate change as it recycles old coffee waste sourced from McDonald’s into auto parts.
Rwanda set to launch first-of-its-kind Green City worth $4.5 billion

Rwanda set to launch first-of-its-kind Green City worth $4.5 billion

A Green City worth $4.5 billion is set to be launched in Rwanda. The city, which will be the first in Africa, is expected to be built next year.
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 fresh 3,500 candidates to apply for permanent residence 

Canada invites 7,200 Candidates to apply for Permanent Residency in its November draws 

Canada invites 7,200 Candidates to apply for Permanent Residency in its November draws 
Inside the world's largest $112.2 billion shipbuilding firm 

Inside the world’s largest $112.2 billion shipbuilding firm 

The world’s largest shipbuilding group, valued at the sum of $112.2 billion, has been inaugurated in China.
A money laundering scandal has cost this CEO his job 

Money laundering scandal has cost this bank CEO his job 

Brian Hartzer, CEO of Westpac, has been asked to step down on December 2nd, 2019, over issues regarding a money-laundering scandal.
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, Coronavirus projected to affect crude oil demand negatively , Worry, as Coronavirus threat pushes oil price below budget benchmark

Trade conflict between United States, China continues to affect oil prices 

There was a decline in U.S Oil prices today, pressured by the trade conflict between the United States and China.
India to discourage palm oil imports through heavy fines 

India to discourage palm oil imports through heavy fines 

India has also started using stiff measures to combat the importation of palm oil into the country. 
Global Markets: U.S Fed delivers another rate cut

Global Markets: U.S Fed delivers another rate cut

In line with broad market expectations, the U.S Federal Reserve cut interest rates by 25 basis points to a range of 1.5% to 1.75%.
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 fresh 3,500 candidates to apply for permanent residence 

Canada invites 71,700 Express Entry Candidates, as cut-off score rise in October 

The Government of Canada invited 3,900 Express Entry candidates to apply for permanent residence in a new draw held October 30.
Damilola Ogunbiyi gets appointed by United Nations Secretary-Generall, Sacked REA and NBET bosses accused of being cabals as more details emerge

Nigerian gets top United Nations appointment   

The UN Secretary-General has appointed Damilola Ogunbiyi as his special representative for Sustainable Energy for All and Co-Chair of United Nations-Energy.
NNPC, Domestic Crude Allocation, Why NNPC’s Duke Oil is quitting London operations for Dubai , NNPC divests stake in four oil wells to NPDC , How NNPC discovered oil, gas deposits in the North , Nigeria to leverage on condensate refineries to be petrol net exporter, How NNPC saved $3 billion from arbitration 

UPDATE: NNPC is set to work with Russia’s Lukoil 

The NNPC has signed MoU with Russia’s Lukoil, which happens to be one of Russia’s largest energy companies.   
In Sochi, Vladimir Putin has proposed a “unique” economic assistance to Africa 

In Sochi, Vladimir Putin has proposed a “unique” economic assistance to Africa 

Some 50 African Presidents (including Nigeria’s Muhammadu Buhari) are in Russia to meet with Putin in what is being called the Russia-Africa Summit.
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%, Banking: Surprise hike in CRR-Implications for banks, Agriculture: Suing ABP beneficiaries; A wild goose chase? , CBN lists major constraints affecting businesses, as borrowing rates projected to rise, CBN’s N287.8 billion T-bills auction records oversubscription, as rates fall marginally, CBN to give Niger Delta rice farmers single-digit loan 

CBN clears air on Diaspora Remittances, official inflows $2.6bn not $26bn 

The Central Bank of Nigeria (CBN) has disclosed that the official inflows of the remittances of Nigerians living abroad to the country was $2.6 billion and not $26 billion
UN Staff risk unpaid salaries as Nigeria, others fail to pay dues

UN Staff risk unpaid salaries as Nigeria, others fail to pay dues 

Staffs of the United Nations (UN) might not get paid next month due to the failure of member states to pay their outstanding contributions. 
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 tasks developing nations to tap opportunities in GVCs

The World Bank has tasked developing nations to explore the potentials buried in Global Value Chains (GVC) and be self-reliant.