PROSHARE ECONOMY

Open Letter on Peter Obi - Obasanjo's Appeal to All Nigerians Particularly Young Nigerians - I am constrained to write this letter to all Nigerians especially young Nigerians, friends of Nigeria globally as well as our development partners because of the gravity, responsibility and implications of the collective decision Nigerians, both young and old, will be making within the next two months. Source Olusegun Obasanjo Read More

Reps Begin $2.4bn Oil Revenue Loss Probe - The House of Representatives ad hoc committee investigating the alleged loss of over $2.4bn revenue to illegal sale of 48 million barrels of crude oil export in 2015, on Thursday, held its inaugural meeting. Source Punch Read More

Buhari to Sign 2023 Budget on Tuesday, Says Lawan - President Muhammadu Buhari will on Tuesday, January 3, 2023, sign the 2023 appropriation bill into law. Ahmad Lawan, senate president, made the disclosure to state house correspondents after meeting with Buhari on Friday. Source TheCable Read More

PROSHARE MARKETS

Building, Disruptions & Growing Up - Why the Journey Leading to 2023 Matters - The end-of-year affords us the opportunity to reflect on a joyful present and a well-remembered past; and it is to these things that we raise a glass looking ahead into the new year – with expectations that 2023 offers us a year of possibilities to actualize the pain points and gain propositions identified. Source Proshare Read More

What to Expect from the Market 020123 - The fear of a global recession, the recovery in domestic crude oil production, and the slant of monetary policy are three risk factors that Analysts believe would shape the Nigerian economy in 2023. Proshare analysts believe that the outcome of the elections could also spur foreign interest in investment opportunities in the country. Source Proshare Research Read More

PROSHARE BUSINESS

CEO Remuneration 2022: The Pay and Perks of Unilever Nigeria's CEO - Unilever Nigeria plc recorded revenue of N70.5bn from its continuing operations which represents +13.82% growth compared to N61.9bn revenue recorded in 2020. Despite the growth in Revenue, CEO’s pay declined by -5.48% from N245m to N231.5m. Source Proshare Research Read More

Lagos Picks Preferred Bidder for Fourth Mainland Bridge Construction - The Lagos state government has announced CCECC-CRCCIG Consortium as the preferred bidder for the construction of the Fourth Mainland Bridge (4MB) project. Ope George, special adviser to the governor on public-private partnerships. Source TheCable Read More

Global Economy Faces Tougher Year in 2023, IMF's Georgieva Warns - For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the International Monetary Fund said on Sunday. Source Reuters Read More

PROSHARE TECHNOLOGY

2023: Putting the Cuffs on Crypto - Cryptocurrency regulation was a hot-button issue in Q4 2022 as cryptocurrency exchange FTX went belly up. With a forensic review of how crypto exchanges are managed and how cryptocurrency valuations are achieved, 2023 will throw up a slew of new rules that set the standard for how digital registers work in financial markets. Source Proshare Research Read More

FTX says Bahamas regulators hold $296 million, not $3.5 billion of company's assets - FTX on Friday disputed claims by the Securities Commission of the Bahamas (SCB) that the regulator was holding $3.5 billion of the bankrupt cryptocurrency exchange's assets. Source Reuters Read More

PROSHARE FINANCE

Going with the Insurance Industry in 2023 - Unprecedented. Challenging. Outstanding. Stable. These are some of the words that have described the state of the insurance industry in Nigeria for 2022 and the reasons are not far-fetched. Source Ekerete Ola Gam- Ikon Read More

CBN Gets 2,432 Excess Charges, Fraud Complaints - The Central Bank of Nigeria has said it received 2,432 complaints against financial institutions in the first six months of this year. This was contained in the CBN Financial Stability June 2022 report published in December. Source Punch Read More

Policyholders, Brokers Seek Suspension of New N15,000 3rd Party Motor Insurance Rate - Insurance policyholders as well as brokers across the country are seeking suspension of the new N15,000 rate for third-party motor insurance, which is expected to commence today, 1st of January, 2023, LEADERSHIP can exclusively reveal. Source Leadership Read More

PROSHARE MSME

Imported Products Killing Local Goods – NASME - The Nigerian Association of Small and Medium Enterprises has said that the influx of foreign products is weighing heavily on locally produced goods. Source Punch Read More