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December 08, 2021

Socially Responsible Investment Exceed $35trn Globally - Dr. Sami Al-Suwailem

Socially Responsible Investment (SRI) exceeds $35trn globally. Dr. Sami Al-Suwailem, Acting Director-General, Islamic Research, and Training Institute, IsDB made this point during the Accounting and Auditing Organization for Islamic Financial Institutions (AAIOIFI) and Islamic Development Bank(IsDB) 16th annual conference held in Bahrain.

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December 08, 2021

35.8m Face Lean Season Food Crisis in West Africa and Sahel

The alert comes as new data from the region indicated that almost 36 million people are expected to be acutely food insecure by the time next year's lean season comes round.

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December 08, 2021

Stanbic IBTC is Retaining Underperform Rating in Q3 2021 Results Review

We keep our Underperform rating on Stanbic, while lowering our price target by -11% to NGN32.0. Although the bank's Q3 EPS beat our forecast by c.62%, the outperformance was mostly due to a positive result of NGN9.9bn in other comprehensive income (OCI) vs. our zero forecast for the line.

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December 08, 2021

Gross Official Reserves Declined by US$614m to US$41.2bn in November 2021

Today's chart shows a decline of USD614m (-1.5% m/m) in Nigeria's gross official reserves to USD41.2bn in November. This decline follows four months of consecutive increases, and it reflects a slowdown in reserve inflows following accretion from the IMF's USD3.3bnn SDR allocation and the FGN's USD4bn Eurobond issuance, as well as a rise in the utilisation of allowances for educational, health, and travel purposes.

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