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Wednesday November
28, 2018 / 7:00 AM / Proshare News
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PROSHARE ECONOMY
States Generate N579.49bn as IGR in H1 2018 – NBS-The National Bureau of Statistics Publishes Internally Generated Revenue at State level for Half Year 2018. Source Proshare Read More
Nigeria is The Second Largest Producer of Tubers in The World- Nigeria is currently the second largest producer of tubers in the world with output level of 109.58mn tonnes after China (176.63mn tonnes). Source Proshare Read More
How Blockchain Will Transform Agric in Nigeria-Quan Le, CEO Binkabi- AFEX Commodities Exchange Limited, alongside Binkabi in partnership with Sterling Bank have decided to make use of Blockchain Technology to streamline the process of financing agriculture to smallholder farmers and other players in the commodities markets. Source Proshare Read More
FG Recovers N540bn via Whistle Blower Policy - The Economic and Financial Crimes Commission (EFFC) has recovered over N540 billion through the whistleblower policy, the federal government disclosed Tuesday.The revelation was made by the Minister of Information and Culture, Alhaji Lai Mohammed, at the 71st General Assembly of the Broadcasting Organisations of Nigeria (BON) in Port Harcourt. Source Thisday Read More
Senate to FG : Suspend Planned 500% Increase in Tariff on Alcoholic Beverages - The Senate yesterday directed the federal government to suspend the implementation of the proposed 500 per cent hike in excise tariff on alcoholic beverages and tobacco products. Source Thisday Read More
NAQS Declares State Govts’ Levy Collection On Agric Produce Illegal - TheNigerian Agricultural Quarantine Service, NAQS, yesterday, declared all state governments’ levy collecting agents on federal highways targeting agricultural produce as illegal. Source Vanguard Read More
Why Nigerian Products Are Rejected Abroad – FG - The Federal Government yesterday said the failure of manufacturers to conform to global standards in production and packaging explained why some Nigerian products were rejected in the international market. Source Dailytrust Read More
FG Approves New Regulations To End
Gas Flaring -
The Federal Government has approved new regulations to end the nefarious
practices of flaring natural gas by oil producing and prospecting companies in
the country. Source Sun Read More
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PROSHARE
REGULATORS
CBN Warns
Banks On Korean ATM Hackers - In an effort to mitigate losses to the financial sector through the
activities of cyber criminals, the Central bank of Nigeria (CBN) has warned
commercial banks on Automated Teller Machines (ATMs) infected by the hackers.
Source Leadership Read More
ASEA Elects
New Executives - The African Securities Exchanges Association (ASEA) has elected Mr. Karim
Hajji, Chief Executive Officer of the Casablanca Stock Exchange, as its new
president. Hajji took over from Mr. Oscar Onyema, Chief Executive Officer of
Nigerian Stock Exchange (NSE), who had completed two terms of two years. Source
TheNation Read More
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PROSHARE MARKETS
Opening Remarks At The African
Securities Exchanges Association Conference – Oscar Onyema-Opening remarks by Mr. Oscar n. Onyema, OON, CEO of
the Nigerian Stock Exchange at the 22nd African Securities Exchanges
Association (ASEA) Annual conference holding at the Oriental hotel, Lagos on
November 26, 2018. Source Proshare Read More
Treasury Bill Auction Schedule for November 28th
2018-A primary
auction of CBN Treasury Bills will take place tomorrow, Wednesday, November
28th, 2018. Source Proshare Read
More
HMARKINS Records 15% Gains After Announcing Plans
To Hold An EGM Over Fresh Capital Raising Plan - The shares of Consolidated Hallmark Insurance
Plc have risen by 15.15
percent between November 5th, 2018 when the underwriting firm
notified the public via the Nigerian Stock Exchange (NSE) of its plan to raise
fresh capital and November 26th, 2018. Source Proshare Read More
Market Sentiment Remains Negative as NSEASI Dips
Further By -1.14% -
Equities market closed
today on a negative note, as NSEASI depreciated by -1.14% to close
at 31,173.71 basis points as against -0.46% depreciation
recorded previously. Source Proshare Read More
Central
Bank Conducts Yet Another OMO Auction in a Bid to Manage Excess Liquidity - Risk-off sentiments on FGN Bonds continued today
as the market opened the week on quiet note. Market trading volumes remained on
a decline with less than N1bn executed intraday, reflecting the weak appetite
for FGN bonds. Consequently, yields traded flat across the curve, with
slight sell-off seen at the short-end (2020s) and mid-end of the curve (2027s
& 2028s).Source Proshare Read More
SEPLAT
Announces Notification of Dealing in Shares by Person Discharging Managerial
Responsibilities - The Company was notified of the sale of 1,200,000 ordinary shares
indirectly held by Dr. A.B.C Orjiako, the Chairman of the Company. Following
the sale, Dr. Orjiako now holds a direct interest in 16,151,325 ordinary shares
and an indirect interest in 29,800,000 ordinary shares of the Company totaling
45,951,325 shares which equates to a voting interest of 7.81% (based on Issued
Share Capital of 588,444,561). Source Proshare Read More
Bearish Market for Nigerian Sovereign Eurobonds as Oil Price Trades Again
Below the $60 Mark - Activity picked up in the Bonds market, with mixed
sentiments in today’s trading session today. Bargain hunting by local clients
dominated late trades across the mid-end of the curve, mostly on the 2027s.
Yields consequently compressed by c.1bps to close at 15.46% on the average
across the curve. Source Proshare Read More
Foreign Portfolio Outflow To
Continue At Current Pace - The
withdrawal of funds by foreign portfolio investors (FPIs) from the equities
market will continue at the current pace in the remaining part of the year even
as the campaign for the 2019 polls gathers momentum across Nigeria. Source
Vanguard Read More
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PROSHARE
BUSINESS
Dangote Group Emerges Most Valuable Brand at 2018 IAMBRANDNIGERIA Awards -Nigeria’s largest conglomerate Dangote Group emerged the outstanding brand at the 2018 edition of the #IAMBRANDNIGERIA awards which hosted in Lagos, the nation’s economic capital. Source Proshare Read More
Fbnquest, Meristem Get Recognition At Finance Awards - FBNQuest Asset Management and Meristem Stockbrokers Limited have received recognitions at the 2018 BusinessDay Banking and Financial Industry awards. Source Punch Read More
UUBO Hosts ground-breaking Thought Leadership Forum on ICE, December 6, 2018, in Lagos- Udo Udoma & Belo-Osagie is pleased to announce its Investigations, Compliance and Ethics (ICE) Academy, which is another event in UUBO’s Learning and Engagement Series. Source Proshare Read More
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PROSHARE FINANCE
Limited
Penetration of The PFAs; Asset Under Management Increased By 16.5% to N8.35trn-The assets under management (AUM) of the regulated
pension industry increased by 16.5% y/y in September to N8.35trn (US$27.2bn).
Source Proshare Read More
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