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Wednesday, December 2, 2020 / 6:00 AM / By News Aggregator / Header
Image Credit: Twitter; @dabiodunMFR
COVID-19 Health Updates
Source: NCDC Read More
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PROSHARE ECONOMY
Inside Nigeria's Killing Fields - On Saturday, November 28, about 43 farmers who had gone to their farms during the current harvest season were attacked by Boko Haram terrorists. They were tied up; their hands behind their backs, one after the other their throats were slit. The United Nations puts the number of casualties at 110, not 43. Source Dr. Reuben Abati Read More
LASG Reviews
2021 Budget; Builds on the T.H.E.M.E Agenda - As the Lagos State Government (LASG) prepares for
the 2021 fiscal year, members of the state executive council recently had a
web-based virtual conference to explain the structure of the budget and its
design around the states T.H.E.M.E.S agenda, crafted as a policy-focused
acronym by the Babajide Sanwo-Olu-led administration. Source WebTV Read More
Oil Prices Drop On OPECplus Uncertainty - OIR 011220 - Oil prices dipped on Tuesday as the OPEC+ meeting ran into some unexpected turbulence, with the three most influential members failing to agree on how best to proceed with production in 2021. Source Tom Kool of Oilprice Read More
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PROSHARE MARKETS
Investors Gain N55.17bn as NSEASI Inches Up by 0.30% Amid Negative Market Breadth - Equities market closed today on a positive note, as NSEASI appreciated by +0.30% to close at 35,147.62 basis points as against +0.45% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +30.94%. Source Proshare Markets Read More
GTBank Q3 2020 Results Review: Restructuring into Holdco to Drive Growth - GTBank's (GTB) Q3'20 results were in-line. As such, the mid- single-digit PBT growth delivered by the bank underscores its intent to restructure into a holding company (Holdco), flexible enough to allow it pursue opportunities in other fast-growing segments of the financial services sector. Source FBNQuest Research Read More
CBN Looks to Improve Retail FX Liquidity in The
Parallel Market Through a Series of Directives - Volumes traded in the
I&E FX market dipped further for a second consecutive session, dropping by
65% to close at only $35million in value traded, and leaving the closing rate
unchanged at N390.25/$. Source Zedcrest Capital Read More
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Markets
PROSHARE BUSINESS
Nanono Orders Increased Production of Rice, Maize
to Boost Food Security - The Minister of Agriculture and Rural Development, Alhaji Sano Nanono,
has directed agricultural agencies to focus more on the production of rice and
maize which he classified as political commodities. Source THISDAYLIVE Read
More
Flared
Gas Capable of Generating 28,700 GWH of Electricity - As the age-long battles over gas flaring in Nigeria's oil industry seem
intractable, a total of $1 billion, about N379 billion, has been recorded as
the cumulative value of gas lost to the recorded incidents in 10 months of this
year. Source Vanguard Read
More
OPEC
Delays Talks with Allies Until Thursday - The
members of the OPEC oil producers cartel decided Tuesday to delay by two days
talks with their allies over a possible extension to output cuts to support the
pandemic-stricken market. Source The Guardian Read
More
Asian
Shares Edge Lower But Stimulus, Vaccine Hopes Provide Support - Asian shares shed early gains from a strong Wall Street lead on
Wednesday, as some investors booked profits on a stellar run to record highs,
but hope for additional U.S. economic stimulus and a coronavirus vaccine kept
market sentiment well supported. Source Reuters Read More
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Here To Read More News on Business
PROSHARE TECHNOLOGY
PCI DSS - Why
it Matters to Payment Schemes and Fintechs - In this age
of the Internet of Things, paying for goods and services is frequently done
with the use of payment cards. Whether you are swiping, inserting or placing
your card on a scanner, payment cards have transformed the way we transact
business. Source Oluwapelumi C. Omoniyi of AELEX Read More
Ecobank, Vanguard Announce New Date for Digital
Financial Inclusion Summit - Ecobank
Nigeria in partnership with Vanguard Economic Forum Series has announced that
the earlier postponed event on Digital Financial Inclusion will now hold
December 8th 2020 at 11 am - 1 pm on ZOOM Live broadcast. Source Ecobank Read
More
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PROSHARE FINANCE
NAICOM Permits
Microinsurance Window Operations for Conventional Insurance Companies in
Nigeria - As part of
the ongoing pursuit to support Financial Inclusion and increase Insurance
penetration in Nigeria, the Commission hereby permits Microinsurance window
operations for Conventional Insurance Companies. Source NAICOM Read More
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