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President Muhammadu Buhari, loans, Oil price, FG, Solar vehicles, P&ID firm, Nigeria's GDP, Debt Servicing: Nigeria pays $1.12 billion to World Bank, others in 10-month , How the latest Fitch report affects you in 2020 

Nigeria ranks 146 on Global Corruption Index in 2019

According to the latest report released by Transparency International, Nigeria is now ranked 146 out of the 180 countries considered. This is two steps lower from 144th ranked in 2018. 

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.
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
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.
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.
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.

Again, FG shifts deadline to complete Lagos-Ibadan railway project 

The Federal Government of Nigeria (FG) has once again compromised the timeline for the completion of the Lagos-Ibadan railway project.

Motorists to pay N1000 penalty at Lekki-Ikoyi Toll Plaza 

Motorists plying Lekki-Ikoyi Toll Plaza, who wish to pay cash, will now pay N1000 as penalty fee from today, January 20, 2020.

President Buhari not to blame for increase in debt – DMO DG

The DG/CEO of DMO, Patience Oniha, has cautioned Nigerians against blaming President Muhammadu Buhari for the increase in Nigeria’s debt.
Border closure weighing on operations of FMCGs

Border closure weighing on operations of FMCGs

Ahead of the FY 2019 earnings season, companies within the FMCG space have decried the negative impact of the border closure on their businesses.

FG uses VAIDS to raise N70 billion from Nigerians 

The Minister of Finance, Zainab Ahmed, has disclosed that FG made use of VAIDS programme to raise over N70 billion from Nigerians. 
Finance, Ministaer, vow to recover AMCON debt through issuance of promissory notes, FG reiterates stance on IPPIS as ASUU threatens strike, Finance Minister, Zainab Ahmed identifies capital market as key driver for economic growth , Nigeria has paid $1.09 billion to service its debts in 2019  , Dividends on oil proceeds will be taxed - FG , State governments own most bad roads - Finance Minister says, Budget deficit increases by N351.98 billion, as FG misses revenue target, Economy: Funding MSMEs in Nigeria , Finance Bill: New tax regime to take effect from Jan 2 - FG , Again, Finance Minister argues that Nigeria is not in debt distress , ECOWAS: Single currency regime not kicking off in 2020  , FG: CBN holds N43 billion stamp duty charges collected by banks , FG may shift deadline to deactivate bank accounts without tax verification, Confusion as ministry and presidency disagree over Finance Act start date, 7.5% VAT: Implementation to begin Feb 1 – FG  

FG to implement new 7.5% VAT on Feb 1  

The Federal Government has disclosed that it will begin implementation of the 7.5% Value-Added Tax (VAT) from the first of February.

FG discloses plan to sell fuel at N97 per litre with new initiative

The Federal Government (FG) has disclosed plans to sell fuel at a reduced price of N97 per litre.
World bank loans, Over 56% of 2019 budget expenditure was released for capital projects , FG changes decision to sell stake of oil assets in JVs, Finance Bill: Nigeria exempts small businesses from Company Income Tax , Finance Bill is for the good of Nigerians – Finance Minister, Zainab Ahmed, Nigeria, five other West African countries reject ‘Eco’ as ECOWAS single currency 

Nigeria, five other West African countries reject ‘Eco’ as region’s single currency 

Nigeria and five other West African countries have rejected the use of the 'Eco' as the region’s single currency. #ECO #ECOWAS
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 

Crude Oil: Nigeria’s oil production slips for the third consecutive month 

Yesterday, OPEC released its monthly oil market report for December which showed that Nigeria’s oil production dipped to a new low.
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 strongly denies establishing a poultry farm to support its monetary policies 

A thread on Twitter about the CBN and its “comatose” fiscal policies took a hilarious turn when it was accused of establishing a poultry farm.
Siemens signs €250m electricity deal with Ghana 

Siemens signs €250m electricity deal with Ghana 

Siemens has sealed a deal with the Republic of Ghana to upgrade the nation’s electricity grid using €250 million of financing from Germany.
Oil workers will be paid N75 billion worth of salaries in 2020 , Oil production drops, as Nigeria complies with OPEC+ output cuts  

Oil production drops, as Nigeria complies with OPEC’s cut  

Nigeria’s crude oil production fell to a record low of 1.57 million barrels per day last month, as the country complied with OPEC’s production cuts. #OPEC,#NNPC
FG orders NIPOST to stop cash transactions , Pantami moves to ban automatic voicemail service by telcos  , Why Nigeria’s Data woes may not end soon , Pantami reacts to CBN’s ATM fee cut, keeps mute on directive to cut data cost , Pantami condemns FIRS move to collect stamp duty, MTN, Airtel, others disregarding Pantami’s voicemail, data directives on all front , FG warns State governments against RoW charge increase, FG reiterates commitment towards implementing broadband strategy 

FG queries states over RoW charge increase 

The Federal Government (FG) has cautioned some state governments against their decision to increase the Right of Way (RoW) charges. #NCC,#RoW
ECOWAS economy grows by 3.1%, expected to hit 3.3% by end of 2019 , Dangote Refinery would help save $10 billion in forex - FG,, FG monitoring ‘Eco’ adoption by ECOWAS members amidst threat to Naira, CBN, Economy: Will the FG tax reforms support revenues in 2020? , FG exempt tuition fees, basic food items and others from 7.5% VAT  

Economy: Will the FG tax reforms support revenues in 2020? 

Zainab Ahmed disclosed that the new tax reforms as contained in the Finance Bill would help FG achieve its 2020 revenue estimate of N8.16 trillion.
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  

Confusion: Presidency, Ministry not on same page over Finance Act’s take-off

The Presidency and the Ministry of Finance have sparked confusion about the implementation date of the newly signed Finance Bill.
Nigeria misses out as World Bank lists countries with reforms on women empowerment  

Women empowerment: Nigeria missing among World Bank’s best 40 nations

Nigeria has missed out on a list of 40 countries that improved regulatory environment for women’s economic participation over the past two years.
Kaduna State shut down FCMB, Keystone Banks as states clampdown on banks continue 

Kaduna shuts FCMB, Keystone Bank branches over alleged N294 million tax liabilities 

Kaduna State IRS shuts some branches of First City Monument Bank (FCMB) and Keystone Bank over non-remittance tax liabilities. #FCMB #KEYSTONE
World bank loans, Over 56% of 2019 budget expenditure was released for capital projects , FG changes decision to sell stake of oil assets in JVs, Finance Bill: Nigeria exempts small businesses from Company Income Tax , Finance Bill is for the good of Nigerians – Finance Minister, Zainab Ahmed, Nigeria, five other West African countries reject ‘Eco’ as ECOWAS single currency 

Finance Bill designed for the good of Nigerians – Finance Minister, Zainab Ahmed 

Zainab Ahmed said the increased 7.5 value-added tax (VAT) is for the good of Nigerians and will help with the 2020 Budget. #AHMED

FG to strengthen economic ties with Turkey

The Federal Government (FG) has reemphasised its plan to strengthen economic relations with the Turkish government to boost trade and investment.
energy, corp, recapitalization, New FIRS boss, Nigerians react following the end of Fowler’s reign as FIRS boss, Buhari seeks recapitalisation of African energy corporation to $1 billion tune, Outrage as President Buhari approves N37 billion for National Assembly renovation, Buhari to create new economic opportunities in agric, other neglected sectors , Economy: President Buhari signs Finance Bill into law, Agric: Buhari advances commitment to improve textile, food security, others 

Now that President Buhari has signed the Finance Bill into law

Yesterday, President Muhammadu Buhari signed the Finance Bill into law, hoping it would support the implementation of the 2020 budget.
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).
LCCI projects continuous weak investments in 2020 , Private sector laments as Buhari signs Finance Bill into law  

LCCI, NECA warn FG on endangering productivity of Nigerians

The organized private sector and other stakeholders have warned FG against endangering the productivity of Nigerians with the new Finance Bill.