Monday, January 10, 2022 / 5:41 AM / By News Aggregator / Header Image Credit: Professor Yemi Osinbajo
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PROSHARE ECONOMY
Nigeria’s Fiscal Position; a Revenue or Debt Problem? – Based on a Punch news report, the Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed on Wednesday during the public presentation of the details of the 2022 Appropriation Bill that it spent N4.2tn on debt servicing between January and November 2021. Source CSL Research Read More
Public Presentation of 2022 FGN Budget Proposal – Breakdown and Highlights – Mr. President laid the FGN 2021 Budget Proposal on October 8, 2020. The National Assembly (NASS) passed the Bill by December 21, and Mr President signed it into law on December 31, 2020. Source Office of the Honourable Minister of Finance, Budget & National Planning Read More
Geopolitics and Production Problems Push Oil Prices Higher – OIR 070122 – A combination of geopolitical uncertainty and production shortages have pushed oil prices higher this week, with both Brent and WTI having broken $80 on Friday, although WTI has since fallen back. Source Tom Kool of Oilprice Read More
FGN Budget – An Expansionary Stance in 2022 – The 2022 FGN budget titled Economic Growth and Sustainability was signed by President Buhari on 31 December’21. The aggregate expenditure is estimated at N17.1trn, which is 18% higher than the 2021 FGN aggregate expenditure of N14.6trn. Source Coronation Research Read More
FG Records N1.9tn Revenue Shortfall in 11 months – The Federal Government recorded a revenue shortfall of N1.93tn in a period of 11 months, according to data from the Budget Office. Source Punch Read More
2022 Budget: Infrastructure Projects Take Priority as Lagos Targets 1trn Revenue – The Lagos state government says the N1.24 trillion targeted revenue in 2022 will be used to fund the N521.28 billion deficit in the budget. Sam Egube, the commissioner for economic planning and budget, disclosed this during a media briefing at the state secretariat on Friday. Source TheCable Read More
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PROSHARE REGULATORS
As CBN Simplifies Process for Accessing Forex – The recently introduced electronic application for foreign exchange (forex) has been described as a major tool to help ease access to forex for travelers, operators of SMEs, those paying school fees, health bills and others that need the greenback for genuine transactions. Source Thisday Read More
SEC to Launch Revised 10-year Master Plan as NGX ASI Close Higher – The Securities and Exchange Commission (SEC) is to organize a capital market conference to launch a revised version of the 10-year Capital Market Masterplan in 2022 to reflect the dynamism of the market and developments in FinTech among others. Source Thisday Read More
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PROSHARE MARKETS
What To Expect From The Markets This Week – 100122 – According to the World Bank, Nigeria is projected to record one of the highest inflation rates globally in 2022. The bank said this in the November edition of its Nigeria Development Update. Source Proshare Content Read More
Chinese Companies Turn Table on US’ Financial Decoupling Push – Jim Cramer, the famed financial commentator on the US business news network CNBC who usually has plenty of recommendations for stock picks even during periods of financial crisis (He once said Bear Stearns was in good shape right before it imploded in 2008), appears to be running out of recommendations when it comes Chinese stocks. Source Global Times Read More
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PROSHARE BUSINESS
Vehicles in 12 States’ll Run on Autogas This Year – FG – The Federal Government has selected 12 states for the pilot phase of the conversation of vehicles using petrol and diesel to enable them to run on Liquefied Petroleum Gas, also known as autogas. Source Punch Read More
FG Spent $1.68bn on Food Imports in Nine Months – CBN – The Federal Government spent $1.68bn on food importation from January to September last year. The Central Bank of Nigeria disclosed this in a report on sectoral utilisation of foreign exchange for the third quarter of 2021. Source Punch Read More
Nigeria To Reclaim Hub Status As Lekki Port Reaches 80% Completion – Nigeria’s quest to reclaim its spot as maritime hub in West and Central Africa is gathering momentum as the nation’s first deep seaport, Lekki Port has reached 80 percent completion, the Lekki Port LFTZ Enterprise Limited has said. Source LeadershipNG Read More
NADDC, REDDIN, Others to Develop Template for Vehicle Recycling in Nigeria – The National Automotive Design and Development Council (NADDC), the Recycling and Development Initiative of Nigeria (REDIN) and the National Environmental Standards and Regulations Enforcement Agency (NESREA) have into strategic partnership aimed at developing a national regulation for End-of-Life Vehicles recycling in Nigeria. Source The Nation Read More
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PROSHARE TECHNOLOGY
Is The Time Right to Invest In Gaming Industry Of Nigeria? – The Nigerian gaming industry is continuously growing and experts believe the growth in the gaming industry owes to the fact that Nigeria has a very young demographic. In addition to that due to improved infrastructure, internet connectivity has grown stronger and also, people are having easy access to smartphones. Sponsored post by Bishal Biswas Read More
Nigerian Government Launches E-Learning Websites for Schools – Nigeria is working hard to improve its educational infrastructure. Even before the pandemic was hit, Nigeria was working on EdoBEST to improve the public education system and the pandemic forced the government to change the plan and implementation process for good. Sponsored post by Bishal Biswas Read More
How To Use WhatsApp In Nigeria For Growing Small Businesses? – WhatsApp is a popular messaging app that is used by billions of users from all across the world. In addition to providing the users with a platform for staying connected, WhatsApp is also helping businesses all across the globe to grow. Sponsored post by Bishal Biswas Read More
NITDA, JICA To Launch iHatch Incubation Programme For Startups – The National Information Technology Development Agency (NITDA), through its subsidiary, the National Centre for Artificial Intelligence and Robotics (NCAIR), and in partnership with Japan International Cooperation Agency (JICA), is set to launch iHatch, a startup incubation programme aimed at increasing the number of innovation-driven enterprises by Nigerian youths. Source LeadershipNG Read More
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PROSHARE FINANCE
IFRS 17 Could Enhance Insurance Sector Analysis – IFRS 17 can enhance our insurance sector analysis, Fitch Ratings says. We expect most ratios used in our financial performance analysis to be maintained, and to adopt new ratios using additional information. Source Fitch Ratings Read More
Why Non-Interest Finance Market will Continue to Attract New Players in 2022 – Ndako Mijindadi – Despite global economic uncertainties, the Islamic Finance industry will continue to attract new players in 2022 and beyond, creating more value and supporting economic stability. Source Bukola Akinyele-Yisau for WebTV Read More
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