Wealth.ng
FG defends $22.7 billion new loans from World Bank, others, Nigeria worse off, posts grows lower than LIDC benchmark - IMF, FG fails to meet revenue projection for 2019, as revenue hits decline mode, FG seeks another loan from World Bank as IFI argues Nigeria’s debt problem 

FG fails to meet revenue projection for 2019, as revenue hits decline mode 

FG made N1.1 trillion from VAT in twelve months, an amount lower than the projected N1.7 trillion, which the Federal Government set in the 2019 budget.
To protect margins, Nigeria’s top brewers are set to increase prices , Nigerian Breweries, Economy: Local corporates taking advantage of the low yield environment , Nigerian Breweries goes to the retail lab, Analysis: Nigeria Breweries, the glory days are gone

Economy: Local corporates taking advantage of the low yield environment  

Corporate issuers appear to be taking advantage of the unorthodox policies of the CBN to raise funds from the local debt market.
NNPC, Chinese firm conclude plans to commence AKK project , NNPC refineries dormant for three months, post losses for 13 straight months, Atlantic Council Global Energy Forum, Pipeline Vandalism: Stakeholder collaboration, critical to tame menace - Kyari, Importing petroleum products must stop, NNPC has over $20bn assets - Kyari, Nigeria loses $750 million to crude oil theft in 2019 – NNPC 

Importing petroleum products must stop, NNPC has over $20bn assets – Kyari 

The GMD of NNPC, Mr Mele Kyari has lamented over the continued importation of petroleum products into the country. 
Economic Growth, CBN, Governor, Emefiele

CBN restricts forex for milk import to Nestle, Chi, Friesland, 3 others

Central Bank of Nigeria (CBN) has restricted foreign exchange for milk importation to six companies in Nigeria to boost local production.
Petroleum Industry Bill to be passed by mid-2020, says Sylva, FG discovers crude oil in north, says there’s more 

Minister highlights why Petroleum Industry Bill needs to be passed by mid-2020

Timipre Sylva has disclosed that a new Petroleum Industry Bill (PIB) would be sent to the National Assembly next week.
Bail-Out Fund, Slowdown in Agric GDP Growth rate suggests Buhari’s Agro-policy is failing , FG concludes 2020 budget preparation, designs 11 Economic Priority Areas 

FG calls for ECOWAS single currency extension

The Federal Government has called for an extension of the deadline to the inauguration of the region-wide currency, Eco. 
Buhari meets Economic Advisory Council, addresses economic concerns , Economy: EAC's first meeting with the President     

Economy: EAC submits report to President Buhari

The EAC, which is chaired by Prof. Doyin Salami, submitted an executive brief on its meetings to the President late last week.
Economy: IMF & World Bank differ on Nigeria’s growth outlook, Amid coronavirus spread, World Bank to step down global growth forecast , Nigeria to receive first tranche of World Bank’s $3 billion loan soon  

Nigeria to receive first tranche of World Bank’s $3 billion loan soon

Nigeria is set to receive the first tranche of its $3 billion loan request to World Bank soon as discussions have reached an advanced stage.
Experts weigh in as Lagos okada ban continues to bite hard

Experts weigh in as Lagos okada ban continues to bite hard 

Bismarck Rewane and Atedo Peterside have expressed misgivings over Lagos State Government’s decision to ban commercial motorcycles and tricycles in 15 LGAs and LCDAs across the state.  
CBN injects $218.41 million in SMIS

CBN injects $218.41 million in SMIS

The Central Bank of Nigeria (CBN) has injected $218.41 million into the inter-bank retail Secondary Market Intervention Sales (SMIS). 
Nigeria's Agricultural sector records highest growth in Q1 2019, Central Bank disbursed N299 billion

Italy to invest in Nigeria’s agric sector

The Italian Government has disclosed plans to invest in the Nigerian agricultural sector.  
Unemployment: Senate calls for a state of emergency, President Buhari approves N37 billion for National Assembly renovation , National Assembly finally transmits Finance Bill after supremacy battle among lawmakers, VAT: Implementation won’t affect purchasing power of Nigerians, PIB: An unsurmountable obstacle?

PIB and its unsurmountable obstacles

According to the Senate President, the ninth NASS will pass the long-awaited PIB which has not been assented to for more than a decade.
US Travel Ban on Nigerians: Buhari says it’s mere speculation, Pres. Buhari sets up committee in response to US travel ban on Nigerians , The United States and Nigeria hold talks on commercial and investment dialogue in Washington D.C

US, Nigeria hold talk on commercial & investment in Washington D.C

Representatives from the U.S, Nigeria government and private sector met for the Commercial and Investment Dialogue on Tuesday 4th of February.
Buhari meets Economic Advisory Council, addresses economic concerns , Economy: EAC's first meeting with the President     

You are working for Nigeria, not for personal interests, Buhari warns MDAs

President Muhammadu Buhari reportedly met with the Economic Advisory Council (EAC) on Thursday.
All states' debts exceed revenue, contravene DMO rule- FRC

All states’ debts exceed revenue, contravene DMO rule- FRC

All the 36 states of the federation contravened the guidelines of the DMO by contracting debts exceeding their 12-month revenues.
Automotive Bill: The silver bullet? 

Automotive Bill: Why FG may return it to National Assembly

Niyi Adebayo said the Federal Government might represent the Automotive Bill to the National Assembly for consideration and passage.
Ghana goes after former Finance Minister over bank collapse, industry crisis

Ghana goes after former Finance Minister over bank collapse, industry crisis

Ghana comes for Kwabena Duffuor on the role in the activities that led to the collapse of one of its biggest local lenders.
FG lures United Kingdom investors with Nigeria’s mineral potentials, incentives, Mining to contribute 3.0% to GDP by 2025

Mining to contribute 3.0% to GDP by 2025

Olamilekan Adegbite said he had set a target for the mining sector to contribute 3.0% of the nation’s GDP by 2025.
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 reiterates commitment to 75% broadband penetration in 5 years 

FG reiterates commitment to 75% broadband penetration in 5 years 

The Federal Government has reiterated its commitment towards providing adequate broadband penetration in the country.
Berger Paints to partner Lagos State on infrastructure 

Berger Paints to partner Lagos State on infrastructure 

Berger Paints is set to partner with the Lagos State Government on infrastructural development in the state.
Nigeria to lift ban on Zamfara solid mineral mining by Q1 ending, Nigeria plans to shift focus to mining as oil price continues to tank 

Nigeria plans to shift focus to mining, as oil price continues to tank 

Olamilekan Adegbite said that Nigeria is aware of the exponential growth opportunities inherent in the mining sector, and is making plans to take advantage of them.
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

Worry, as Coronavirus threat pushes oil price below budget benchmark 

Coronavirus threat pushes oil price below Nigeria's budget benchmark as Brent Crude was trading at $54.75 barrels per litre.
taxes, tax, business, FAAC disbursed N617billions in April, as South-South scoop N72billions, VAT, Finance Minister, Zainab Ahmed says Nigeria VAT collection rate is low, NBC, Rite Foods, others to pay new tax as FG identifies new revenue streams ,,Finance Minister reveals how World Bank, AfDB pushed FG into requesting Chinese loan 

Finance Minister gives reason FG approached China for $17 billion loan

Zainab Ahmed reveals how World Bank, AfDB's lack of interest in Nigeria during the recession forced FG to request for Chinese loan 
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.
NSE’s Oscar Onyema urges capital market operators to take advantage of Finance Act, See the impacts the 2019 Finance Act will have on the capital market, according to NSE and KPMG 

See the impacts 2019 Finance Act will have on the capital market

The NSE hosted a symposium to highlight the impacts which the 2019 Finance Act is expected to have on the Nigerian capital market.
Lagos launches 14 ferries to tackle gridlock, says Okada ban irreversible

Lagos launches 14 ferries to tackle gridlock, says Okada ban irreversible 

In a bid to curtail the gridlock experienced in Lagos State, Governor Babajide Sanwo-Olu has inaugurated 14 commercial ferries.
$9bn, P&ID, $9.6 billion award: UK Court grants Nigeria stay of execution, requests $200 million payment, Buhari secures fresh $308 million Abacha loot from US 

Buhari secures fresh $308 million Abacha loot from US 

Buhari secures fresh $308 million Abacha loot from US 
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, Nigeria’s new visa policy to favour some categories of people 

Nigeria introduces new visa policy to attract professionals, more investments 

Nigeria has launched a new visa policy as the country continues its reform on immigration.
Gokada, Gokada founder finally reacts to okada ban, vents on being a foreign investor

Okada ban makes business tough for us, Gokada boss laments

Fahim Saleh, Founder, Gokada has reacted to the ban placed on the operation of commercial motorcycles in specific LGAs in Lagos State.
Automotive Bill: The silver bullet? 

FG to facilitate tax incentives for SMEs

FG has disclosed its plans to prioritise MSMEs in various industries by providing tax incentives for them.