PROSHARE ECONOMY

NNPCL Flares 100% Gas Output, Earns Zero Revenue in September 2022 - According to a Punch news report, Nigerian National Petroleum Company Ltd (NNPCL) flared 100% of their gas output in September and earned no Revenue from it during the period despite the Federal Government’s gas monetisation policy and pledge to the United Nations to attain net zero emissions by 2060. Source CSL Research Read More

NNPCL Signs MoU with Ghanaian, Gambian Firms - The Nigerian National Petroleum Company Limited has signed five memoranda of understanding with the national oil companies and relevant entities of five African countries on the Nigeria-Morocco Gas Pipeline Project. Source Punch Read More

PROSHARE MARKETS

Investors Gain N62.95bn as NGXASI Advances by 0.24%; Overnight Rate Contracts to 12.75%; BDC Depreciates to 740 - The NGX All-Share Index advanced by 0.24% to close at 48,270.23 basis points as against a 1.04% gain recorded previously to close at 48,154.65 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N62.95bn gain. YTD, the NGXASI Stands at +13.00%. Source Proshare Research Read More

Market Liquidity - Creating an Agile and Nimble IT Environment - Download the Full PDF Report Here: A highly liquid and functional capital market is one of the main determinants of productivity and economic growth. Source Proshare Research Read More

PROSHARE BUSINESS

CEO Remuneration 2022: CEO Remuneration in the New and Old Sectors: Oil & Gas and ICT - The oil and gas sector for a myriad of years has been a major player and exerted great influence on the Nigerian macro-economy, particularly in terms of GDP and revenue. Source Proshare Research Read More

Nigeria’s Foreign Trade Declines by N1.24tn - Nigeria’s total merchandise trade fell by N1.24tn, from N12.84tn in the second quarter of 2022 to N11.59tn in the third quarter of 2022. Source Punch Read More

Oil Prices Rise After Price Cap on Russian Crude, OPEC+ Meeting - Oil prices edged higher on Tuesday after a G7 price cap on Russian seaborne oil came into force on Monday on top of a European Union embargo on imports of Russian crude by sea. Source Reuters Read More

PROSHARE TECHNOLOGY

How Qore Leads Innovation and Digital Banking Across Africa - Qore Is leading Innovation and Significant Progress for Digital Banking Across Africa. The BaaS market is leading a revolution in financial services, enabling businesses to develop new and exciting propositions with relevant financial solutions embedded into the customer experience. Source Qore Read More

NCC: Nigeria’s Mobile Internet Subscribers Increased by 12.2m In One Year - The Nigerian Communications Commission (NCC) says the country’s internet subscribers rose to 152.71 million in October 2022. Source TheCable Read More

PROSHARE FINANCE

N100bn Sovereign Sukuk Issuance for 2022 Closes on a High Note - The Debt Management Office (DMO) is pleased to inform the public of the successful conclusion of the Issuance of N100 Billion Sovereign Al ’Ijarah Sukuk. The Offer for N100 Billion opened on November 21, 2022 and was supported by wide public sensitization to encourage subscription from diverse investors, particularly the retail investors. Source DMO Read More