PROSHARE ECONOMY

Resolving The Power Sector Conundrum - One of the greatest impediments to the country realizing its full economic and social potential is the current comatose state of the power sector. There is currently a huge gap between demand and supply of electricity, made worse by the fact that less than a third of the installed grid generation capacity is wheeled to consumers, necessitating a reliance on captive sources and millions of micro plants scattered all over the country. Source Star Capital Partners. Read more

The Oil Market Crisis Sparked by Russia’s Invasion Is Nearing Its End - Russia’s invasion of Ukraine back in February triggered a major market crisis. Oil and gas prices soared to multi-decade highs; coal prices grew by nearly 70%, global wheat prices increased by over 60% while prices of metals exported by Russia. Source Oilprice Read More

Fuel Queues May Persist at Major Marketers’ Outlets – IPMAN - Oil marketers have said fuel queues at filling stations across the country may persist if consumers and motorists’ continue to buy the product at selected filling station dispensing the product below N200/litre. Source Punch Read More

PROSHARE MARKETS

Crystal-Gazing: The Nigerian Stock Market in 2023 - For investors in the Nigerian stock market, the year 2022 represents an improvement over 2021 in terms of nominal price appreciation. As of Friday 30th December 2022, although still below the November inflation rate which printed at 21.47%, year-to-date return climbed to 19.98% compared to 6.7% recorded in 2021, outperforming many frontiers and emerging markets. Source Prof. Uche Uwaleke Read More

PROSHARE BUSINESS

CEO Remuneration 2022: Piecing Together the Frames of CEO Remuneration in Nigeria and Beyond - In regions where marked progress toward energy transition has been recorded, such as Europe and the US, Tech companies earned the largest revenue in 2021 although Telecoms (which may also pass as tech companies) paid the highest in terms of CEO pay packets. Source Proshare Research Read More

World Bank: FG’s Interest Payment on CBN loans to Gulp 62% of Revenue by 2027 - The World Bank says interest payments on the federal government’s borrowing from the Central Bank of Nigeria (CBN) will gulp over 62 percent of revenue by 2027. Source TheCable Read More

Oil Slides after IMF Says Slowing Global Growth Engines Portend Tougher 2023 - Oil prices slid on Tuesday from their highest levels in a month on a stronger dollar and after the head of the International Monetary Fund warned of a tougher 2023 as major economies experience weakening activity. Source Reuters Read More

PROSHARE TECHNOLOGY

From Crypto to ESG, These Are US Regulators’ Top Priorities in 2023 - Crypto is squarely in the cross hairs of Washington regulators, with fresh calls for stricter controls before the industry can get big enough to affect the broader financial system. Source Bloomberg Read More

PROSHARE FINANCE

HalalVest Partners AZAWON in Zakat e-Collections in Nigeria - As part of an effort to drive Islamic Financial, Economic, and Social Inclusion, digital payments, and democratize access to seamless Zakat collections for Zakat Institutions, Halalvest Limited, a company duly incorporated, and a member of Islamic Fintech Hub has entered a partnership with the Association of Zakat and Waqf Operators in Nigeria (AZAWON). Source 7up Read More

FIRS Unveils Instant Tax Clearance Certificate - The Federal Inland Revenue Service (FIRS) has announced that taxpayers can now get their tax clearance certificate in a single click via its flagship Taxpro Max solution. Source Leadership Read More

NAICOM Extends Motor Third Party Insurance to W’African Motorist as Consumers Calls for Policy Reversal - National Insurance Commission (NAICOM), has said that with the upgrading of the compulsory Motor Third Party Insurance Premium from N5000 to N15000, motorists plying West African countries need not purchase Economic Community of West African States (ECOWAS) Brown Card. Source ThisDay Read More