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Friday, October 16, 2020 / 6:00 AM / By News Aggregator / Header
Image Credit: Twitter; @paystack
COVID-19 Health Updates
Source: NCDC Read More
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Read Latest News Updates
PROSHARE ECONOMY
Headline Inflation Increases By 13.71% YoY In September 2020, 0.49% Higher Than August 2020 Rate - The consumer price index, (CPI) which measures inflation increased by 13.71 percent (year-on-year) in September 2020. This is 0.49 percent points higher than the rate recorded in August 2020 (13.22) percent. Source NBS Read More
Average Prices of PMS,
AGO, HHK and Cooking Gas - September 2020 - Average price paid by
consumers for premium motor spirit (petrol) increased by 10.67% year-on-year
and month-on-month by 8.26% to N161.06 in September 2020 from N148.78 in August
2020. Source NBS Read
More
The #EndSARS Protests and the Problem of Police Reform in Nigeria - Youths across the country, mobilized through various social media platforms have taken to the streets in the past few days to protest against the activities of the Special Anti-Robbery Squad (SARS), which has long been accused of unlawful arrests, torture and extrajudicial killings. Source CSL Research Read More
#EndSars
Protest Movement A Watershed Moment in the Quest for Genuine Change in Nigeria - The ongoing #EndSars
protest taking place in Nigeria is a watershed moment in the quest for genuine
change. To recap, in 1992, the Nigerian government set up the Special
Anti-Robbery Squad (SARS) as a branch of the Nigerian Police with the remit of
tackling armed robbery, kidnapping and other firearms crime. Source Ahmed
Olayinka Sule, CFA Read More
Senate President Says Early Passage Improved Implementation of 2020 Budget - President of the Senate, Dr Ahmad Lawan, has said that the early consideration and passage of the 2020 budget, that returned the nation's budget cycle to January-December, has increased its implementation. Source The Guardian Nigeria Read More
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PROSHARE MARKETS
Maize Shortfall: Nigeria Searches for Alternatives - The recent shortfall in maize production in Nigeria has pushed policymakers to search for viable alternatives. Most of the grains produced locally are consumed in various commercial sectors. Source Funsho Idowu Read More
Banks
in H1 2020: Breaking into Industry Numbers -
Nigeria has a peculiar and distinct domestic economy. Unlike other economies were banks recorded a
significant decline in profit in H1 2020, a sum of the profits of thirteen
banks listed on the Nigerian Stock Exchange revealed that there was an increase
in gross earnings by +5.18% and a mild decline in profit before tax by -1.47%. Source
Proshare Research Read
More
NSEASI Remained Flat Amid Improved Market Turnover, YTD Return Stands at 5.60% - Equities market closed today on a flat note, as NSEASI closed flat at 28,344.04 basis points as against 0.00% flat position recorded previously. Its Year-to-Date (YTD) returns currently stands at +5.60%. Source Proshare Markets Read More
Onyema,
Sadiku to Headline the 2nd Edition Of the United Capital Pan-African
E-Conference - Coming on the heels of the
successful conclusion of the maiden edition of its Pan-African E-Conference,
Investment and Financial services conglomerate, United Capital Plc, is set to
host the 2nd edition of its conference on Friday, October 23, 2020, titled
'Unravelling Investment Opportunities in Africa: The Role of Regulation &
Technology'. Source United Capital Read
More
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More News on Markets
PROSHARE BUSINESS
Proshare
Nigeria, 633 Others Listed Among Data Protection Compliant Organizations in
Nigeria - The data protection compliant organizations in
Nigeria shows that the 634 organizations listed cut across the public and
private sectors as Proshare Nigeria Limited, Nigeria's No. 1 Information Hub
also making the list. Source Proshare Research Read More
NNPC Releases Second Audited Financial Report - The Nigerian National
Petroleum Corporation (NNPC) says it has released its 2019 audited financial
statement, about five months after publishing the corporation's 2018 report,
which was the first in its 43 years of existence. Source THISDAYLIVE Read
More
COVID-19:
IMFC Endorses Extension of Debt Service Relief For 6 Months - In its commitment to curtail the effect of coronavirus, COVID-19
pandemic on the less developed economies, International Monetary and Financial
Committee, IMFC of International Monetary Fund, IMF has expressed its support
for a debt service relief for another six months under the Catastrophe
Containment and Relief Trust (CCRT). Source Vanguard Read
More
Asian
Shares Perk Up on China Gains, Virus Woes Linger - Asian
stocks edged higher on Friday, buoyed by gains in China, but the mood was
cautious due to a resurgence of coronavirus infections in Europe and the United
States. Source Reuters Read More
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Business
PROSHARE TECHNOLOGY
Regulation of Cryptocurrency and Digital Assets in
Nigeria: New Beginnings - The Security
and Exchange Commission of Nigeria (the "SEC" or the
"Commission") on 14 September 2020, released their Statement on
Digital Assets and their Classification and Treatment (the
"Statement") pursuant to the powers conferred on it by the Investment
and Securities Act 20071 ("ISA"). Source Oluwapelumi Omoniyi, Aelex Read
More
Stripe Acquires Nigeria's Paystack for More than
$200 Million - Stripe
acquires Nigeria's Paystack for more than $200 Million. When Stripe invested in
Paystack a few years ago, many noted that it was certainly a way to understand
the market. I did speak and exchanged emails with the co-founder of Stripe,
John Collison, during that time. Now, Stripe has understood well enough, and
now wants to buy-out the whole company, creating multi-millionaires in Nigeria
overnight. Source Tekedia Read
More
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More News on Technology
PROSHARE FINANCE
Saeeda Ahmed To Speak on SDGs, Women Empowerment and Islamic Economy - Mrs. Saeeda Ahmed is a thought leader and socioeconomic entrepreneur successfully spanning over 20 years of solution driven projects which benefit the economy, society and industry. She is the Founding Director, Education Partnerships UK Ltd. Saeeda is the UNGSII Ambassador and Advisor on Implementation of the 17 Sustainable Development Goals. She is the Director, Business Development (UK) Aladdin Steet.com. Source WebTV Read More
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