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Friday February 08, 2019 / 7:00 AM / Proshare News
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PROSHARE ECONOMY
Bank of America: Oil Demand Growth to Hit Zero Within a Decade - By 2030, oil demand could hit a peak and then enter decline, according to a new report. Source Oilprice.com Read More
FGN Announced Plan to Prohibit the Importation of Tomato Paste into Nigeria - The FGN announced a plan to prohibit the importation of tomato paste into Nigeria as from December as part of its import substitution and diversification strategy. Source FDC Read More
Prices
Take An Inch Back - The Pentad Urban Retail Price Tracker - Our Urban
Retail Price Tracker – the PURP index – recorded a modest pace of price
increase of 0.42% MoM to 111.3 pts in January (vs 0.45% MoM in December).
Source ARM Research Read More
World Food
Prices Rise In January: U.N. FAO - World food prices rose
in January, buoyed by a rebound in dairy prices and stronger showings for
vegetable oils and sugar, the United Nations food agency said on Thursday.
Source Reuters Read
More
ASUU Suspends
Strike, Asks Lecturers To Resume Tomorrow - The Academic Staff Union
of Universities, ASUU, has officially suspended a strike it commenced three
months ago. Source Premiumtimes Read
More
TCN Raises
$1.62bn For Power Transmission, Says Distribution Lagging - The
Transmission Company of Nigeria said on Thursday that it had raised a total of
$1.623bn for power transmission projects across the country. Source Punch Read
More
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PROSHARE REGULATORS
N8.63tn Pension Fund Assets
Not Under Threat – Pencom DG - The acting Director-General, National Pension Commission,
Aisha Dahir-Umar, on Thursday, said that the Pension Fund Assets which stood at
about N8.63tn as of December last year was not under any form of threat as
being widely speculated. Source Punch Read
More
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PROSHARE MARKETS
The January 2019 Nigerian Capital Market Service
Report – Nigerian Stock Market
closed the month of January 2019 in red as NSEASI dipped by -2.70% as against
+1.80% gain recorded in the month of December 2018 while the NASD USI closed in
green with +0.21% gain recorded at the end of the month under review. Source Proshare Read More
NSEASI
Inches Up By 1.98% As YTD Returns Turns Positive - Equities market closed
today on a positive note, as NSEASI appreciated by +1.98% to close at
31,433.49basis points as against +0.16% appreciation recorded previously.
Source Proshare Read More
NAFEX Rate Appreciates to Six Month High Amid Renewed FPI Inflows - The Bond market
traded on a significantly bullish note with yields compressing by further by
c.9bps, following increased demand on the mid to long end of the curve from
both local and offshore investors. Source Zedcrest Capital Read
More
Oil and Gas Sector – SEPLAT Tops on EPS and PAT Margin - A quick review of
the EPS ratio of the oil & gas sector reveals that SEPLAT tops and closely
followed by TOTAL and MOBIL while MRS and JAPAULOIL lead otherwise with
negative EPS. Source Proshare Read
More
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to Read More News on Markets
PROSHARE BUSINESS
PEBEC Holds Lagos Stakeholders
Forum, Reports 140 Business Reforms in Three Years - The Presidential Enabling Business
Environment Council today informed the Nigerian business community in Lagos,
that it has achieved 140 reforms in the business climate in the last three
years. Source Proshare Read More
Pimco Says Emerging-Market
Euphoria May Live On as Bears Surface - Pacific Investment Management Co. says
there are still plenty of reasons to buy emerging markets, even as some of the
world’s largest banks warn the rally may fizzle. Source Bloomberg Read
More
NCR Registers 551 Microfinance
Banks, 21 Dmbs, Others To Increase Lending, Inclusion - The National Collateral
Register (NCR), registered about 628 financial institutions, including 551
Micro Finance Banks (MFBs), and 21 Deposit Money Banks (DMBs), as at December
31, 2018. Source Guardian Read
More
FIRS Goes
After 85,000 Millionaire Tax Debtors - The Executive Chairman,
Federal Inland Revenue Service, Mr Tunde Fowler, has said that the Service, in
collaboration with other stakeholders like the Nigeria Police Force, will this
year go after wealthy tax defaulters. Source Punch Read
More
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PROSHARE TECHNOLOGY
60 Million Nigerians Enjoy
Broadband Internet – NCC - Sixty million
Nigerians now enjoy broadband Internet, the Executive Vice-Chairman, Nigerian
Communications Commission, Prof Umaru Danbatta, has said. Source Punch Read
More
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