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Cashless Policy, This is when CBN will cut Monetary Policy Rate – Emefiele, Nigeria’s External Reserves depleted by $2.9 billion, hit 10 months low , CBN to fight piracy in Creative Industry , CBN projects macroeconomy confidence to rise by 118.3% in November, Emefiele addresses stable naira

CBN to “reduce” savings rate to 1% declare OMO bills as “Poison”

The Central Bank of Nigeria may have announced plans to reduce savings deposit rates to 1% while declaring OMO bills as Poison.
Should Gokada, Max be afraid of OPay?, Nigeria Weekly Update: Naira interest rate and foreign exchange

Here are reasons Lagos may not reverse Okada ban

Mixed reactions have continued to trail the announcement of the Lagos State Government’s decision to ban motorcycles (Okada) and tricycles (keke) in major highways in Lagos.  
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 exempts small businesses from Company Income Tax 

The new Finance Bill will ensure the exemption of small businesses with an annual turnover of less than N25 million from Company Income Tax. 
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, FG concludes plan to borrow N2 trillion from Pension Fund , Pres. Buhari’s plan to tax US tech companies might provoke US trade war, UPDATED: Nigerian economy grows by 2.27% in 2019, post highest quarterly growth since 2016 recession

FG concludes plan to borrow N2 trillion from Pension Fund  

FG has concluded plan to borrow N2 trillion from the current N10 trillion pension funds to finance the development of infrastructure.
No surprise as MPC retains policy rates, balancing effects between rising inflation and tepid growth, Financial Inclusion: Fintech firms got $400 million investment in 2019 - Emefiele, Emefiele's silver bullet, CBN Governor, Godwin Emefiele, reacts to devaluation of naira call by analysts 

CBN Governor, Godwin Emefiele, reacts to devaluation of naira call

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has reacted to analysts’ projections concerning the devaluation of naira.

CBN reports it has “floated” the Naira

@centbank signaled it has floated naira, which implies that the Naira exchange rate will now be fully determined by market forces of demand and supply.
Aishah Ahmad, Central Bank of Nigeria, Godwin Emefiele,, CBN emphasizes Fintech regulation, tasks Fintechs on inclusion, Here’s why women are financially excluded in Nigeria 

Aishah Ahmad leads shortlist to replace Emefiele

If not re-appointed, Godwin Emefiele, might vacate his position for one of his deputies, Aishah Ahmad.
Tinubu and Fashola owe $1.43bn foreign debt not me - Governor Ambode

Tinubu and Fashola owe $1.43bn foreign debt not me – Governor Ambode

The Governor of Lagos State, @AkinwunmiAmbode has explained that the current foreign debt owed by the State Government (@followlasg) was inherited from previous administrations before his tenure which began in 2015.
CBN Gov Godiwn Emefiele

8 Advantages of Running Treasury Single Account (TSA)

The IMF in a 2010 paper titled Treasury Single Account: Concept, Design, and Implementation Issues outlined the benefits of operating a Treasury Single Account.
Shoprite prices and goods, MTN Nigeria data prices, South African attack on Nigeria, Xenophobic attack in South Africa

Multichoice, MTN, Shoprite, others given 7-days to stop operation in Nigeria

The meeting between @abikedabiri and @NANSNIG has ended with a resolution that @MTNNG, MultiChoice (@DStvNg), @Shoprite_NG and other South African-owned companies in Nigeria should stop operation and quit the business environment within seven days. #Xenophobia
Obasanjo backs Buhari's border closure commitment , Nigeria debt profile: Bankruptcy looms, Obasanjo tells FG  

Obasanjo backs Buhari’s border closure commitment 

Chief Olusegun Obasanjo has shown his support for the border closure as he tagged Benin Republic the dumping ground for goods. 
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 

How the latest Fitch report affects you in 2020 

Fitch, an international credit rating organisation, has released an end of year report on the Nigerian economy.  

This Is The Full 2015 Nigerian Budget Speech (Updated)

The Budget office finally released the full transcript of the 2015 Budget speech which is much more comprehensive than the one earlier put up...
PoS agents, operators kick against N50 charge, seek policy reversal , Merchants upgrade POS machines to automatically charge N50 tax duty , FG reviews N50 stamp duty charge to transactions above N10,000, Government reviews stamp duty charge

FG reviews N50 stamp duty charge to transactions above N10,000 

The Nigerian government has reviewed its policy on stamp duty charges, levied on electronic payment.  
President Buhari EAC

Buhari meets Economic Advisory Council, as devaluation concerns loom

President Muhammadu Buhari reportedly met with the Economic Advisory Council (EAC) last weekend in Abuja, in what appears to be a move to chart new policy directions for the Nigerian economy in 2020.
Lagos Airport

FG explains why it plans to demolish and rebuild the MMIA in Lagos

FG has explained the underlining reasons for the planned demolition and rebuilding of the 40-year-old Murtala Muhammed International Airport in Lagos.
Should Gokada and Max.ng be afraid of ORide?, OPay reacts to office shutdown, N25 million license fee, OPay management denies payment issue as ORide riders protest against road transport workers union, Transportation: Lagos bans okadas and tricycles…including Gokada & Oride 

Transportation: Lagos bans okadas and tricycles…including Gokada & Oride 

Lagos is becoming increasingly unsafe for its citizens due to the increasing rate of robbery perpetrated mainly by robbers using motorcycles to aid quick escape from robbery scenes.
Prevent foreign carriers’ domestic flight operations – Air Peace 

Air Peace calls on FG to bar foreign airlines from domestic operations

Air Peace has asked the Federal Government of Nigeria to prevent foreign carriers from operating domestic flights in the country.  
FIRS crisis: Fowler accused of defying President Buhari’s order, workers threaten strike over Aina 

These may be reasons Fowler couldn’t retain FIRS seat

The report stated that the agency, under Fowler, failed to collect taxes worth about N41 billion in Lagos as it has not been able to meet up with its target over the past four consecutive years
revenue, FSDH, Buhari to release N600 billion for capital expenditure in 3 months, Nigeria @ 59: President Muhammadu Buhari’s speech, Buhari’s Budget of Sustaining Growth & Job Creation (Full text) , See what FSDH is saying about the 2020 budget and FG’s revenue drive , Nigeria recoups N594.09 billion from whistleblowing policy in less than 3 years , Buhari seeks speedy approval of the 2016/2018 external borrowing plan , Finance Bill to use banks as agents to tax Nigerians , FG battles 6 oil firms for failure to remit N20 trillion , President Buhari receives 2020 budget, fear of padding to delay assent 

Finance Bill to use banks as agents to tax Nigerians 

Businesses in Nigeria are now more than ever exposed to payment of taxes, according to provisions of the Finance Bill currently being debated.  
Otedola again explores his philanthropic prowess, Nigerians are freaked out as Femi Otedola donates N5 billion to charity , Dangote’s multi billion-dollar refinery is 75% complete, Otedola says. 

Dangote’s multi billion-dollar refinery is 75% complete, Otedola says

Femi Otedola, recently visited the Aliko Dangote’s multi-billion-dollar refinery and fertilizer projects in the Lekki Free Trade Zone, has disclosed that the refinery is 75% complete. 
Nigeria's recession period, Buhari Ministerial list, Buhari ask for more time, Nigeria's economy - growth, Buhari food forex, CBN Policies

Nigerians react as 7.5% VAT increase affects phone calls, SMS 

Some Nigerians have just realised that they now have to pay 7.5% VAT every time they make phone calls or send an SMS. They don't like this very much.
Breaking News, Godwin Emefiele, Senate confirms Emefiele's re-appointment for second term

NIRSAL MFB to offer loans to SMEs at 5% interest rate

NIRSAL Microfinance Bank would provide loans to small businesses at a single digit interest rate of five per cent, according to CBN Governor.
NIGERIAN YOUNGEST

This Nigerian kid emerges Africa’s youngest Microsoft specialist 

Damilare Akano, a 6-year-old Nigeran pupil has emerged as Africa’s youngest Microsoft specialist in the Certiport international certification
BREAKING: President Buhari retains portfolio as Petroleum Minister

President Buhari to review report on N30,000 new minimum wage

Although, it is unsure if President Muhammadu Buhari has signed new minimum wage into law, but he promised to review the submitted report by Rewane's PTAC
No surprise as MPC retains policy rates, balancing effects between rising inflation and tepid growth, Financial Inclusion: Fintech firms got $400 million investment in 2019 - Emefiele, Emefiele's silver bullet, CBN Governor, Godwin Emefiele, reacts to devaluation of naira call by analysts 

Why Emefiele’s interest rate policy is ‘great’

In Nigeria, one of the monsters that need to be faced head-on is the regime of high-interest rates and its effects on the growth of the country. 
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 look to lending rates for revenue, as slash on e-transaction charges affect operations, CBN discloses currency in circulation worth N2.44 trillion, CBN to commence recycling of mutilated naira notes, Agriculture: CBN's revised policy on the dairy industry, CBN condemns foreign money transfers to Nigeria, Experts outline effect of CBN’s longer term contract, Bank’s lending rates decline albeit slower than expected

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.
seme border, Border closure

Closure of Nigerian borders: The positives and the negatives

Nigerians woke up to news that the busiest land border in Nigeria, Seme was closed. This left several workers and traders stranded at the border
Economy: Reviewing FG’s 2019 revenue performance

FG may shift deadline to deactivate bank accounts without tax verification

The Minister of Finance, Zainab Ahmad, has said the Finance Bill might not be effective from January 1, 2020, when signed into law. 
You are working for Nigeria, not for personal interests, Buhari warns MDAs, This is how much the Federal Government borrowed from Pension Funds in 2019, Increased productivity and higher employment rate required for inclusive growth - IFC 

This is how much Federal Government borrowed from Pension Funds in 2019

A few weeks ago, many news media organizations published articles on the plan by FGN to borrow a whopping N2 trillion from the pension funds.