PROSHARE MARKETS

Investors Gain N195.65bn as NGXASI Advanved by 0.35%; BDC Rate Depreciated to N1,339/USD - The NGX All-Share Index advanced by 0.35% to close at 98,225.63 basis points, compared to the previous day's loss of 0.28% to close at 97,879.94 basis points. The NGX Market CAP also recorded a gain of N195.65bn Naira terms. YTD, the NGXASI Stands at 31.36%. Source Proshare Read More

PROSHARE ECONOMY

FG Approves Pay Rise for Civil Servants - The Federal Government has approved an increase of between 25 percent and 35 percent in salary for Civil Servants on the remaining six Consolidated Salary Structures. Source THISDAY Read More

Oil Marketers Threaten Nationwide Strike over N200bn Petrol Bridging Debt - The Chairmen, Forum of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have threated to embark on a nationwide strike over the N200 billion bridging debt owed by the government. Source THISDAY Read More

FG Begins 2024 Bid Round, Puts 12 Greenfield Oil Blocks On Offer - The federal government said it has commenced the process for the 2024 oil bid round with 12 oil blocks on offer and seven deep offshore blocks from last year’s bid round. Source Leadership Read More

Northern Governors Prioritise Economic Development to Address Security Challenges - Gombe State Governor and Chairman, Northern States Governors Forum (NSGF), Muhammadu Inuwa Yahaya, has said that for Northern region to get out of perennial security challenges, it must develop its economic and human capacity without further delay. Source The Sun Read More

Here’s Everything to Expect When the Fed Wraps Up its Meeting Wednesday - Faced with stubborn inflation that has raised concerns about where policy is headed, the Federal Reserve has been ensnared in a holding pattern that likely will be reflected when it closes its meeting Wednesday. Source CNBC Read More

IMF Chief Warns of Emerging Market Risk with High U.S. Interest Rates - Kristalina Georgieva, the managing director of the International Monetary Fund, played down the prospect of any negative impact from a monetary policy divergence between Europe and the U.S., but said issues could be more acute in emerging markets. Source CNBC Read More

PROSHARE REGULATORS

NERC To Stop Fixing Price Of Meters - The Nigerian Electricity Regulatory Commission (NERC) has announced the deregulation of meter prices under the MetER Assets Provider (MAP) scheme, thereby making DisCos and meter manufacturers to determine the price of electricity meters across the country. Source Daily Trust Read More

Binance Crypto Boss Changpeng Zhao Sentenced to 4 months in Prison - The founder of the world's largest crypto exchange has been sentenced to four months in prison for allowing criminals to launder money on his platform. Source BBC Read More

PROSHARE BUSINESS

Clean Energy Boosts Global GDP by $320bn – IEA - The International Energy Agency has disclosed that clean energy has added $320bn to the world economy, accounting for 10 per cent of global GDP growth on Tuesday. Source Punch Read More

50% of Biscuit Manufacturers Shut Down in 30 Years — MAN - The Biscuit and Bakery Products sub-sector of the Manufacturers Association of Nigeria has said that half the players in the business have crashed out in the last three decades. Source Punch Read More

End of Oil Not Coming in Near Future, Says OPEC Boss - The Secretary General of Organisation of the Petroleum Exporting Countries (OPEC) Haitham Al Ghais, has said that contrary to the position of some developed countries, the end of oil is not in sight. Source THISDAY Read More

Nigeria Becoming Destination of Choice for Solid Minerals Investors - Minister of Solid Minerals Development, Dele Alake yesterday said the Federal Government was working to ensure that the country becomes investors’ destination in solid minerals development. Source The Nation Read More

PROSHARE TECHNOLOGY

Screenshots Suggest TikTok is Circumventing Apple App Store Commissions - TikTok may be routing around the App Store to save money on commissions. According to new findings, the ByteDance-owned social video app is presenting some of its users with a link to a website for purchasing the coins used for tipping digital creators. Source TechCrunch Read More

EU Watchdog Questions Secrecy Around Lawmakers’ Encryption-Breaking CSAM Scanning Proposal - The European Commission has again been urged to more fully disclose its dealings with private technology companies and other stakeholders, in relation to a controversial piece of tech policy that could see a law mandate the scanning of European Union citizens’ private messages in a bid to detect child sexual abuse material (CSAM). Source TechCrunch Read More

PROSHARE FINANCE

Kaduna State Partners Google and DSN to Roll Out First Hausa-Language AI Learning Series - This series presents Artificial Intelligence concepts in Hausa, making complex technology more accessible and culturally relevant for the region. In Northern Nigeria, various challenges can impact access to tech education and career opportunities. Source TechEconomy Read More

Migrants Hit by High Fees to Send Money Home - Jerry Lukendo Mbokani has to make several calculations when he sends money to his elderly mother in the Democratic Republic of Congo. Source BBC Read More

PROSHARE MSME

Small Businesses Await FG’s N50bn Grant - Several nano businesses are yet to receive cash from a N50 billion grant set aside for them by the Federal government, with three associations saying their members have not benefited from the palliative. Source BusinessDay Read More