PROSHARE ECONOMY

20 Power Plants Suffer Major Problems, Blackouts to Worsen - Following the perennial power outages currently being experienced across the country; findings have shown that 20 gas power plants are currently under-performing, leading to power generation dropping below 2000MW. Source Punch Read More

Funds for Nigerian Section of Lagos-Abidjan Road Now Available, Says FG - The federal government says work on the Nigerian section of the Lagos-Abidjan Road will move quickly as funds for the project are now in place. Source TheCable Read More

BDCs can Restore Stability to FX Market, Gwadabe Insists - Amid the protracted currency market crisis, the President of the Association of Bureaux de Change Operators of Nigeria (ABCON), Dr. Aminu Gwadabe, says the bureau de change (BDC) operators could help to restore stability if re-integrated into the value chain. Source The Guardian Nigeria Read More

PROSHARE MARKETS

What To Expect from The Markets This Week - 060622 - According to the Central Bank of Nigeria (CBN), credit to the government rose by +17.7% to N16.6 trillion in April 2022 up from N14.1 trn in January 2022. Source Proshare Content Read More

PROSHARE BUSINESS

Rethinking the Market Relevance of the 10-Year Bank CEO Tenure Rule - Twelve years after HRH Sanusi Lamido Sanusi-led Central Bank of Nigeria (CBN) approved the ten-year tenure-limit rule for bank Managing Directors, a few colourful corporate chess moves have been made by bank CEOs who have transmuted to becoming the chief executive officers. Source Proshare Research Read More

National Carrier Gets Licence Today, Local Airlines Fault Process - The Nigerian Civil Aviation Authority is to present an Air Transport Licence to the interim management of Nigeria’s national carrier – Nigeria Air, on Monday (today) barring any unforeseen change in plans, it was gathered on Sunday. Source Punch Read More

Exports Rise as Capital Imports Slow To $1.5bn - Nigeria’s exportation increased significantly in the first three months of 2022, as total exports increased by 137.88 per cent to N7.1 trillion as against N2.98 trillion that was recorded in the first quarter of 2021. Source LeadershipNG Read More

PROSHARE TECHNOLOGY

GreenHouse Capital announces the 13 Start-ups from East & West Africa selected to participate in the Scale-Up accelerator program in collaboration with Microsoft - Following Microsoft’s announcement to support 10,000 start-ups in Africa over the next five years, GreenHouse Capital announced that 13 start-ups across East & West Africa had been selected to participate in the Scaleup Accelerator Program. Source TechCabal Read More

PROSHARE FINANCE

Halal Businesses that Thrive Despite High Inflation - Halal businesses can navigate a high inflationary environment and are good options for sharia-compliant investors. The Co-Founder of Kanz Invest Nigeria, Rashidat Amode, made this point while exploring investment opportunities amidst a high inflation environment. Source Bukola Akinyele-Yisau Read More