Evening Briefing: Here's what you need to know about today

Good Evening,Trust you have had a wonderful day

Here is your Tuesday news briefing, Enjoy

Oil price surge boosts hopes of Nigeria’s economic recovery in 2017

Hopes that the Nigerian economy will emerge from recession in 2017 have been boosted as oil prices surged to their highest level since mid-2015 on Monday, after the world’s top crude producers agreed to the first joint output cut since 2001.

The price of a barrel of Brent crude climbed close to $58 in overnight trading, its highest level since July 2015, before edging back a little to above $56. Read more https://goo.gl/oWoZVa

2. Withdrawals from pension funds up 71% as more Nigerians lose jobs

Pension funds have come under pressure from increased withdrawals, as the country’s biting recession is causing many Nigerians to lose their jobs. Figures obtained from the National Pension Commission (PenCom) third quarter report for the period ended September 2016 show that a total of 177,284 people aged less than 50 years have so far accessed. Read more here https://goo.gl/5HwLWc

3. UN pays tribute to Ban’s service to humanity

UN pays tribute to Ban’s service to humanityUN pays tribute to Ban’s service to humanity – NAN Newsroom

The UN General Assembly on Monday, paid a glowing tribute to outgoing Secretary-General Ban Ki-moon for his service to humanity over the past decade. Read more here https://goo.gl/eCFWnh

4. ICCN to assist Nigeria deepen foreign direct investment

The International Chamber of Commerce Nigeria (ICCN) has stated its commitment to assist in improving the inflow of foreign direct investment (FDI) into the country.
Babatunde Savage, Chairman, ICCN, said this in a statement signed by Olubunmi Osuntuyi, Secretary-General of the Chamber, in Lagos on Tuesday. According to the statement, Nigeria’s economic development hinges on the prospects of market impetus and trade facilitation with other nations for accelerated economic growth. Read more https://goo.gl/D1ZXWF

5. Sage X3 for businesses with appetite, complexity

Organisations that are seeking to deepen their penetration in the market but may be finding it difficult to seamlessly integrate the important parts of the business can leverage Sage X3, the latest product from Sage a provider of HR and payroll solutions. Read more https://goo.gl/lrf0Uz

6. FG partners SunTrust Bank on N13bn housing scheme for civil servants

Hope of providing housing for 5,635 civil servants across the federation came alive at the weekend during the launching of the Federal Government civil servants mortgage loan refinancing scheme by the Nigeria Mortgage Refinance Company (NMRC), in partnership with SunTrust Bank Plc. Read more https://goo.gl/XRaeCg

7. C’River Govt. to provide N2mn grant each to 600 women farmers

The Cross River Government says it will provide 600 women farmers in the state with N2 million grant each to boost production in the state. Prof. Anthony Eneji, the state Commissioner for Agriculture and Natural Resources, said this in an interview with the News Agency of Nigeria in Calabar on Sunday . Read more https://goo.gl/WocnVg

8. NASS committed to passing Federal Competition/Consumer Protection Bill

After more than a decade of futile efforts to have the Competition Law in the country, the eighth Assembly has demonstrated its commitment to pass the Federal Competition and Consumer Protection Bill, which is presently before the National Assembly. Read more https://goo.gl/a1a7tN