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Friday, January 28, 2022 / 6:00 AM / By News Aggregator / Header
Image Credit: Central Bank of Nigeria
COVID-19 Health Updates
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PROSHARE ECONOMY
An Uptick in FAAC Distribution in January 2022 - The Federation Account
Allocation Committee (FAAC) distributed to the three tiers of government
amounted to NGN700bn (c.USD1.69bn) in January (from December revenue). This
represents a 3.5% (NGN24bn) increase over the previous month's payout. Source
FBNQuest Research Read More
NNPC to Deduct N127bn from FAAC, Plans $5bn
AfrieximBank Loan -
The Group Managing Director of the Nigerian National Petroleum Company Limited,
Mele Kyari, on Thursday announced that the NNPC was working with AfrieximBank
to raise $5bn financing for the oil firm. Source Punch Read
More
Governors, Labour Kick as NNPC Presents N3tr Subsidy
Bill to FEC - The
controversies surrounding continued payment of fuel subsidy may not have ended
as the Nigerian National Petroleum Corporation (NNPC) Limited, yesterday, presented
a bill of N3 trillion for deliberations at the Federal Executive Council (FEC)
meeting chaired by President Muhammadu Buhari. Source Guardian Nigeria Read
More
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PROSHARE REGULATORS
SEC Insists on No Extension to Deadline on 2022
Renewal Registration by CMOs - Following the reminder by the Securities and Exchange Commission (SEC)
to all Capital Market Operators (CMOs) to renew their registration for 2022 and
the firmness of SEC not to extend the deadline of the registration beyond
January 31st, 2022. Source Proshare Research Read More
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More News on Regulators
PROSHARE MARKETS
Investors Lose N280.62bn as NGXASI Dips by -1.12%; Thanks to Big CAP
- Equities market closed on a negative note, as
NGXASI depreciated by -1.12% to close at 46,009.23 basis points as against +1.29% appreciation recorded previously. Its
Year-to-Date (YTD) return currently stands at +7.71%. Source Proshare Markets Read More
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More News on Markets
PROSHARE BUSINESS
Crises Mitigation: Three Areas Business Leaders Must Pay Attention to in 2022 - Business leaders across the world are familiar with one thing: risk. Organisations are typically established to provide solutions to an observable or anticipated need either for a niche audience or for the mass market with significant potential to scale. Source OpEd by Tolulope Olorundero Read More
FG Unveils NIPOST's Debit Card, Banking Platform, Courier
Vehicles - The Nigerian Postal Service debit card and the agency banking
platform will deepen financial inclusion and boost Nigeria's digital economy,
while the 27 courier service vehicles will make NIPOST and its partner, Speedaf
Express, to compete favourably in the industry, according to the minister.
Source Punch Read
More
AfDB to Launch Nigeria's Agro-Industrial Processing Zones
in February - African Development Bank (AfDB) says plans are underway for
the rapid roll-out of the first phase of special agro-industrial processing
zones (SAPZ) in Nigeria'. Source TheCable Read
More
Marginal Fields: NUPRC Moves to Resolve Outstanding
Issues, Meets with Awardees - The Nigerian Upstream Petroleum Regulatory
Commission (NURPC) yesterday moved to resolve all outstanding issues delaying
the conclusion of the 2020 marginal oilfields bid process, which was conducted
last year. Source THISDAYLIVE Read
More
FG Eyes N1.5bn from Legal Metrology Services in 2022,
Targets Banking, Power, Telecom Sectors - The Minister of Industry, Trade
and Investment, Mr. Niyi Adebayo has said that the federal government hopes to
generate about N1.5 billion in 2022 from the activities of the Weights and
Measures Department of the ministry. Source THISDAYLIVE Read
More
Fed Kicks Off Most Aggressive Global Tightening in Decades
- Federal Reserve Chairman Jerome Powell fired the starting gun for
potentially the biggest and fastest tightening of global monetary policy in
years. Source Bloomberg Read
More
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PROSHARE TECHNOLOGY
Nigeria's Telecom Sector: Flying High Over Cloudy Skies - The telecoms sector remained the bright spot in a weak economy in 2021 (Q3 2021 GDP: 10.87%). The growth in the telecommunications sector was supported by the advent of the global pandemic which led to the increased use of digital channels for daily routine activities ranging from telecommuting, entertainment and social engagements. Source CSL Research Read More
IMF Advises BOJ to Keep Stimulus Rolling Amid Global
Tightening - The Director-General of NITDA, Mal. Kashifu Inuwa Abdullahi
has charged Nigerian Technology Start-Ups not to be swayed by their 2021
achievement but to aim at winning the global market. Source Vanguard Read
More
Dozens of U.S. States say Apple Stifles Competition; Back
'Fortnite' Maker - Apple Inc (AAPL.O) is stifling competition through its
mobile app store, attorneys general for 34 U.S. states and the District of
Columbia said on Thursday, as they appealed against a ruling that let the
iPhone maker continue some restrictive practices. Source Reuters Read
More
WhatsApp has Until End of Feb to Clarify Privacy Policy
Change, EU says - Facebook unit WhatsApp has been given until the end of
February to explain changes to its privacy policy and whether this complies
with EU consumer protection laws after complaints from consumer groups, the
European Commission said on Thursday. Source Economic Times Read
More
Google to invest up to $1 bln in India's Bharti Airtel -
Alphabet Inc's Google (GOOGL.O) will invest up to $1 billion in Bharti Airtel
(BRTI.NS) in a move that could help bolster the Indian telecom operator's
digital offerings, the companies said on Friday. Source Reuters Read
More
It's Hard to Tell When the Crypto Bubble Will Burst, or
If There Is One - Crypto prices are highly volatile, as this week's
sell-off showed. But die-hard enthusiasts believe prices will keep soaring in a
world where traditional notions of value don't apply. Source New York Times Read
More
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