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Tuesday, March 9, 2021 / 5:43 AM / By News Aggregator / Header Image Credit: Twitter; @dabiodunMFR
COVID-19 Health Updates
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PROSHARE ECONOMY
PPPRA: The LPG Onslaught -
Stakeholders
in the gas industry have lamented the increased burden caused by the actions of
the PPPRA. The PPPRA is charged with the responsibility of monitoring, and
regulating the supply and distribution, and determining prices. Source Proshare
Research Read
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Nigeria Needs
to Reposition Its Manufacturing Sector for Growth In 2021 - Rethinking Nigeria's industrialization strategy is
one key step to repositioning the manufacturing sector for growth and stability
in 2021. The Director-General of the Lagos Chamber of Commerce and Industry
(LCCI), Dr. Muda Yusuf, made this point while assessing developments in the
nation's manufacturing sector. Source WebTV Read More
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PROSHARE REGULATORS
SEC Issues Guidance on the Implementation of Sections 60 - 63 of the ISA 2007 - The global corporate scandals that occurred in 2001 were linked to weaknesses in financial reporting and accounting practices. In response, several jurisdictions enacted legislations to enhance transparency and uphold the integrity of financial markets. Source SEC Nigeria Read More
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PROSHARE MARKETS
Investors Gain N33.99bn as NSEASI Inches Up by 0.17% to Open the Week Positive - Equities market closed today on a positive note, as NSEASI appreciated by +0.17% to close at 39,396.57 basis points as against -0.08% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -2.17%. Source Proshare Markets Read More
Nigerian
Agency Banking: Inside the Turf Wars - Nigerian
banks are in the middle of a slugfest. With sliding revenues and stunted
profits in 2020, local deposit money institutions are punching from the ring
corners as they fight for an increased market share of the agency banking
market. Source Teslim Shitta-Bey, Chief Economist/ Managing Editor, Proshare Read
More
AFEX Commodities Index Experience Positive Performance as @ 050321 - The AFEX Commodities Index (ACI) increased by 1.07% (W-o-W) to close at 397.43 basis points. This is attributable to the increase in the price soybean and sorghum on the exchange despite the decline in maize and paddy rice prices for the reporting week. Source Kainosedge Consulting for AFEX Commodities Exchange Read More
Nigeria
Records N13tr Fixed Income, Currencies Deals - Nigerian
fixed-income and currencies markets recorded transactions valued at N13.03
trillion in January 2021 with foreign exchange (forex) accounting for N3.26
trillion. Source The Nation Read
More
Nasdaq
Hits Correction, Dow Advances as Stimulus Bill Nears Finish Line - Technology-related shares sold off on Monday in a big downturn that
pushed the Nasdaq into a correction and offset stocks that rose on hopes the
$1.9 trillion COVID-19 relief bill will spur the U.S. economic recovery. Source
Reuters Read
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PROSHARE BUSINESS
We Spent N966bn on Pipeline Repairs, NNPC Replies AuGF - The Nigerian National
Petroleum Corporation has explained that it spent N966bn to repair pipelines
between 2010 and 2015. NNPC stated this in response to the query raised in the
2016 report of the Auditor General for the Federation. Source Punch Read
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'Nigeria's
Gas Can Support West African Market' - The
newly inaugurated President of the Nigeria Gas Association, Ed Ubong, has said
there is abundant gas resources in Nigeria to meet the energy demand of over
350 million people and the industrial needs in the West African sub-region. Source
Punch Read More
U.S.
Wholesale Stocks Rise; Inventories-to-Sales Ratio Lowest in Six Years - U.S. wholesale inventories increased solidly in January even as sales
surged and it is taking wholesalers the shortest time in six years to clear
shelves, a sign of strengthening demand that aligns with expectations for
faster economic growth this year. Source Reuters Read More
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Here To Read More News on Business
PROSHARE FINANCE
#IWD2021: Leading Nigerian Women in Islamic Finance - As the world marks 2021's International Women's Day with the theme "Choose to Challenge", our writer captures the remarkable strides of women in the Islamic finance business in Nigeria. Source WebTV Read More
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