Wealth.ng
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 

How Coronavirus would affect crude oil demand negatively 

The demand for crude oil might be significantly affected by the coronavirus which recently broke out in China.

On Google Play Store, some Nigerians are dissatisfied with their mobile banking apps  

Across the internet, Nigerian Bank consumers are becoming more critical of the quality of products and services they pay for. As is the case anywhere else in the world, these customers simply want the right value for their money.

Massive losses force management shakeup at Unilever Nigeria

With losses mounting, Unilever's aggressive revenue growth is coming home to roost.
Guinea calls on Nigeria to assist in rice production 

Guinea-Bissau calls on Nigeria to assist in rice production 

In a bid to meet its food sufficiency, food security and nutrition targets, Guinea-Bissau has called on Nigeria to assist in the production of rice.  

FG offers $1.1billion Agric mechanisation scheme

No less than 100,000 youths are to benefit directly from the Federal Government's $1.1bn agriculture mechanisation scheme known as the Green Imperative Programme.
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.
Nigerian Stock Exchange, NSE: Return of the Bulls, Bulls reign at the bourse as stocks gain N460.69 billion on Wednesday, Okomu, UACN, Ekocorp top gainers list on Friday, Stock Market closed the week bullish as ASI grew 0.94% 

Stock Market ends week stronger, as ASI grows by 0.94% 

The stock market rounded off the week bullish with the all-share index growing by 0.94% to close at 29,628.84 index points.
Dangote Sugar Refinery to merge with Savannah Sugar, Dangote was $4.3 billion richer in 2019, Dangote Sugar announces closed period, ban insider shareholders from trading 

Dangote Sugar announces closed period

Dangote Sugar has stopped trading on its shares at the Nigerian Stock Exchange (NSE) following the announcement of its closed period.
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 

State governors finally agree to reduce RoW Charges for Telcos 

The state governors of the federation have unanimously agreed to reverse the increase in the Right of Way (RoW) charges.
FCMB, NSE, Nigerian stocks, Nigerian stock exchange, Presco, Cadbury, UACN led top gainers' chart as ASI gains 0.51%, Guinness, UBA, Access, two others led top gainers on Monday , Access, Zenith and GT Bank traded N3.42 billion shares on Tuesday , Ikeja Hotel, Cadbury, Union Bank top gainers’ chart on Wednesday , Nigeria Breweries, Unilever, Unilever lead gainers chart on Friday , Stock Market dipped N197.35 billion Equity value on Monday , Bulls return to the NSE as market cap hits N13 trillion mark, FCMB, Cornerstone Insurance lead gainers as bourse gain N94.2 billion , Law Union, Lafarge, Unity Bank lead gainers on Tuesday, GTBank, Transcorp, Zenith lead active trades on Friday, NAHCO, Vitafoam lead gainers on Monday as Unilever dipped 9.9% 

GTBank, Transcorp, Zenith lead active trades on Friday 

GTBank, Transcorp, NAHCO, Chams and Zenith Bank attracted the highest trade of shares on Friday.

Elections, bane to advertising growth in 2019 – AAAN VP

The founder and CEO of X3M Ideas, Steve Babaeko, has disclosed how the political space affected the advertising industry last year.
El-Rufai: How Vodafone recorded its ‘biggest’ investment mistake in Nigeria, FG concludes plan to borrow N2 trillion from Pension Fund, Infrastructure: Tapping into pensions funds - a step in the right direction? 

Infrastructure: Tapping into pension fund – a step in the right direction? 

FG, after the NEC meeting, had resolved to borrow N2 trillion from the current N10 trillion pension funds.
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.
Banks to hold shipowners accountable for $200m CVFF disbursement 

Banks to hold shipowners accountable for $200m CVFF disbursement 

The Minister of Transportation, Rotimi Amaechi has told banks to hold every beneficiary shipowner of the Cabotage Vessel Financing Fund accountable.
Finance Act: Take advantage of the many opportunities - CITN

Finance Act: Take advantage of the many opportunities – CITN

Tax consultants have been encouraged to take advantage of the many opportunities that abound in the country’s new Finance Act.
Nigeria to lift ban on Zamfara solid mineral mining by Q1 ending 

Nigeria to lift ban on Zamfara solid mineral mining by Q1 ending 

Minister of Mines and Steel Development, Olamilekan Adegbite, said plans are underway to re-start mining activities in Zamfara State. 

FG lures UK investors with mineral potentials, incentives 

Investors in the United Kingdom (UK) have been urged to consider investing in Nigeria’s mineral and mining sector.
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 appoints, deploys directors

The Central Bank of Nigeria (CBN) has announced the appointment and redeployment of some directors within its ranks. 
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  

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.
Donald Trump, What does Iran’s war with America mean for Africa?, US to stop issuing visa for Birth Tourism 

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.

AfDB invests $600 million in Africa’s renewable energy, discloses de-risk plan 

About $600 million has been invested by the African Development Bank (AfDB) in Africa for the development of renewable energy in the continent.
Youtube appoints Nigeria’s Alex Okosi to head its European, Middle East, African markets 

YouTube appoints Nigeria’s Alex Okosi to head its European, Middle East, African markets 

YouTube has appointed Nigeria’s Alex Okosi as the MD of its Emerging Markets for YouTube in Europe, the Middle East and Africa (EMEA).
Border Closure: Nigerian rice farmers are struggling to feed a rice-hungry nation 

Border Closure: Nigerian rice farmers are struggling to feed a rice-hungry nation 

Three factors are constraining Nigerian rice farmers from meeting their full potentials in terms of producing enough to meet growing the demand.  
9mobile Africa Finance Corporation, 9mobile launches AI-enabled chatbot, Enin

9mobile launches AI-enabled chatbot, Enin

9mobile has announced the launching of a personal digital customer assistant on its network called, Enin.
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.
Shell secures $10 billion credit facility 

Shell declares force majeure, to stop Bonny Light crude oil export 

Shell Petroleum Development Company will stop Bonny Light crude oil exports after announcing a force majeure on the operation.

British company set to acquire more Nigerian oil & gas firms

 Savannah Petroleum Plc has disclosed its intention to acquire more Nigerian companies in the coming years to expand its footprint in Nigeria.

Atiat Leasing Limited Announces appointment of new MD/CEO

The Board of Directors of Atiat Leasing Limited is pleased to announce the appointment of Kanayo Eni-Ikeh as the Managing Director/CEO of Atiat Leasing...
MTN Nigeria, MTN gives update on USSD charge controversy, MTN’s never-ending $2 billion tax case has a new court date , BREAKING: MTN unveil 5G Network in Nigeria , Vector, some Nigerians pick holes in MTN's data charges

MTN office in Kebbi attacked by armed robbers 

The sum of N4.5 million was stolen from the office of MTN Nigeria in Tudun Wada area of Birnin Kebbi as three armed robbers reportedly invaded the premises.
Usman Mohammed, MD, TCN 2, TCN installs 68 transformers, as transmission capacity goes past 8,100 megawatts 

TCN installs 68 transformers, as transmission capacity hits over 8,100 megawatts 

The Transmission Company of Nigeria (TCN) disclosed it had increased power transmission capacity beyond 8,100 megawatts recorded in 2018.