| All One Min News |    2023 VIEWS  |
| All One Min News | |
| 2023 VIEWS | |
 | |
| PROSHARE | |
| PROSHARE | |
Wednesday, January 19, 2022 / 5:32 AM / By News Aggregator / Header
Image Credit: LCCI
COVID-19 Health Updates
Click Here to Read Latest News Updates
PROSHARE ECONOMY
Headline Inflation up, All Eyes on the MPC Meeting
Next Week - The December inflation report was released yesterday. Contrary to our
projections (14.9%), headline inflation bucked its 8-month declining trend,
rising by 0.23% to 15.63% from 15.4% in November 2021. This will partially
address the recent controversy surrounding the contrarian direction of
inflation in Nigeria. Source FDC Ltd Read More
An Unexpected Rise in Headline Inflation in
December 2020 - The latest inflation report published by the National Bureau of
Statistics (NBS) showed that December's headline inflation reading unexpectedly
increased by 23bps to 15.63% y/y. The rise in the headline reading is the first
after eight consecutive months of slowdown, mostly driven by favourable base
effects. Source FBNQuest Research Read More
2022 Outlook: In Dribs and Drabs - On January 18, 2022, we
published Nigeria's macroeconomic and equities outlook for 2022, enunciating
our views on the economy, socio-political environment, and the equities and
fixed income markets. Source CSL Research Read More
Global Growth to Slow through 2023, Adding to Risk
of 'Hard Landing' in Developing Economies - The global recovery is
set to decelerate markedly amid continued COVID-19 flare-ups, diminished policy
support, and lingering supply bottlenecks. In contrast to that in advanced
economies, output in emerging market and developing economies (EMDEs) will
remain substantially below the pre-pandemic trend over the forecast horizon.
Source World Bank Read More
Labour Lists Conditions for Fuel Subsidy
Removal, Says $9.5bn Wasted on Refineries - Key labour unions in Nigeria met on Tuesday in
Abuja where they outlined the conditions the Federal Government must meet
before it would be allowed to stop subsidising Premium Motor Spirit, popularly
called petrol. Source Punch Read
More
Lawan Faults 'Endless' Borrowings, Backs
Infrastructure Loans, Blames MDAs - The President of the Senate, Ahmad Lawan, says
Nigeria cannot continue to "borrow endlessly" to fund its annual budgets,
blaming the Federal Government Ministries, Departments and Agencies for failing
to generate enough revenue. Source Punch Read
More
Click Here to Read
More News on Economy
PROSHARE MARKETS
Investors Gains N138.05bn as NGXASI Inches up by 0.58%;
Erases Previous Day Loss - Equities market closed on a positive note, as NGXASI appreciated by
+0.58% to close at 44,655.89 basis points as against -0.12% depreciation
recorded previously. Its Year-to-Date (YTD) returns currently stands at +4.54%.
Source Proshare Markets Read More
Why SEC Nigeria Needs to Rethink Its Strategy on Investor
Education - The Securities and Exchange Commission, Nigeria has been advised to
rethink its strategy on investor education in the country, with the focus of
decentralizing it and making it inclusive. Source Ottoabasi Abasiekong for
WebTV Read More
Interest Rate and Equities in 2022 - Which way for the equity market in 2022? At Coronation Research we shun such questions, preferring to show how investing in stocks with high and consistent profitability creates wealth over the long term, as we demonstrated in 'Equities for a Superior Return' (15 November 2021). Source Coronation Research Read More
Click Here to Read
More News on Markets
PROSHARE BUSINESS
FG 90% Ready to Unbundle NIPOST - Minister - The Federal
Ministry of communication and digital economy has said that it is 90 per cent
ready to unbundle the Nigerian Postal Services (NIPOST). It said that the
agency's more than 2,000 property nationwide would be deployed to
money-spinning ventures. Source Vanguard Read
More
Oil Hit 7-Year Highs as Tight Supply Bites - Oil
prices on Tuesday climbed to their highest since 2014 as investors worried
about global political tensions involving major producers such as the United
Arab Emirates and Russia that could exacerbate the already tight supply
outlook. Source Reuters Read
More
Only Six of Nigeria's Offshore Rigs Operational as Oil
Prices Near $90 - Confirming concerns about Nigeria's production
challenges, the Organization of Petroleum Exporting Countries (OPEC's) Monthly
Oil Market Report (MOMR), published yesterday, showed that oil output remained
below quota as the country's rig count dropped further to six last month.
Source Guardian Nigeria Read
More
Click
Here To Read More News on Business
PROSHARE TECHNOLOGY
Cryptocurrency Trends to Watch out for in 2022 - In many ways, 2021 was an outstanding year for the crypto ecosystem in Africa and the rest of the world. Though still heavily impacted by the pandemic, remarkable growth was recorded on the continent, as well as noteworthy progress with innovation, regulation, and adoption. Source Binance Read More
We're Preparing to Launch Second Satellite in 2022, Says FG
- The Federal Government is planning to launch a second satellite to boost
the country's satellite communication system in 2022. The Minister of
Communications and Digital Economy, Prof Isa Pantami, disclosed this during a
one-day working visit and interaction with the staff of the Nigerian
Communications Satellite in Abuja on Monday. Source Punch Read
More
Orda, Nigerian Food-Tech Startup, Raises $1m to expand
operations to South Africa - Orda, a Nigerian food-tech startup, says it
has raised a pre-seed round capital of $1.1 million to expand its operations to
South Africa and scale up financial products. The company, formerly known as
StarKitchens, was founded in 2020 and currently operates in Nigeria and Kenya.
Source TheCable Read
More
U.S. 5G Rollout Throws Flights Into Turmoil from Japan to
Dubai - Airlines across the world are adjusting their schedules and
aircraft deployments for flights to the U.S. over fears that a 5G rollout by
AT&T Inc. and Verizon Communications Inc. near American airports could
interfere with key safety systems. Source Bloomberg Read
More
Click Here to Read
More News on Technology
PROSHARE FINANCE
France Supports Nigeria's Health Sector - Mrs. Emmanuelle Blatmann, Ambassador of France to Nigeria and Mrs. Zainab Ahmed, Federal Minister of Finance, Budget & National Planning, signed on 13 January the first loan from the Treasury to Nigeria since 1990. Source Ambassade de France au Nigeria Read More
LIRS Gives Employers January
Deadline to File Tax Returns - The Lagos State Internal Revenue Service
(LIRS) has reminds businesses and employers of labour of their statutory
obligation to file annual income tax returns pursuant to section 81 (2) of the
Personal Income Tax Act (PITA) Cap P8 LFN 2004 (as amended). Source THISDAYLIVE
Read
More
Click Here to
Read More News on Finance
WATCH THE LATEST VIDEO ON PROSHARE WEBTV
Related News
1.
What to Expect from
the Markets This Week - 170122
2.
Nigeria in 1min: Economic, Business and Financial
Headlines - 170122
3. Nigeria in 1min: Economic, Business and Financial Headlines - 180122
Signup with Facebook
Signup with Twitter
