PROSHARE ECONOMY

Kerosene Price Rises By 146% - On the other hand, the lowest price was recorded in Borno with N876 followed by Rivers with N910 and Nasarawa with N913. Source Punch Read More

Marketers Project Six-Month Fuel Scarcity - The supply hitches associated with the distribution of Premium Motor Spirit, popularly called petrol, may persist till June this year, oil marketers stated on Wednesday. Source Punch Read More

Nigeria Spent $12bn Importing Petroleum Products In 10 Months – CBN - The CBN also stated that the country’s gross federation receipts which stood at N1,178.64 billion at the period under review exceeded the level in September 2022 by 7.0 per cent, but below the target of N1,580.34 billion by 25.4 per cent. Source Sun Read More

PROSHARE MARKETS

Investors Gain N173.74bn as NGXASI Inches up Further by 0.62%; Overnight Rate Closes Flat at 9.83%; BDC Appreciates to N742 - The NGX All-Share Index advanced by 0.62% to close at 52,048.85 basis points as against a 0.55% loss recorded previously to close at 51729.87 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N173.74bn gain. YTD, the NGXASI Stands at +1.56%. Source Proshare Research Read More

Exness Donates $10,000 for 2022 Nigerian Flood Disaster Relief - Multi-asset broker Exness donated $10,000 to the Rotary Club of Abuja Wuse II to support communities that were devastated by the 2022 floods of the River Niger. Source Exness Read More

PROSHARE BUSINESS

Sugar Council to Sanction Operators Violating Guidelines of Master Plan - Zacch Adedeji, executive secretary, NSDC, said this at the official take-off of the Nigeria Sugar Institute (NSI) in Illorin, Kwara state, on Wednesday. Source TheCable Read More

EIA Raises Global Oil Demand Growth Forecast For 2023 - The United States Energy Information Administration (EIA) has increased its global oil demand growth forecast for 2023 by 50,000 barrels per day (bpd) to 1.05 million bpd, resulting in total demand of 100.48 million bpd. Source Guardian Read More

PROSHARE TECHNOLOGY

Investing in Technology is the Way of the Future – VP Osinbajo - Investment in technology is the way of the future, according to Vice President Yemi Osinbajo, SAN, who spoke earlier today while receiving a delegation of the Odu’a Investment Company at the Presidential Villa, Abuja. Source State House Press Release Read More

Report: POS Operators Lament as Poor Network, Failed Transactions Slow Down Business - Point of sale (POS) operators and traders in Lagos have appealed to the Central Bank of Nigeria (CBN) and telecommunication companies to ensure uninterrupted service. Source TheCable Read More

Stakeholders Insist on Passage of Critical National Infrastructure Bill in Telecom Sector, Knock NITDA’s Bill - Industry stakeholders have called on President Muhammadu Buhari to prevail on members of the National Assembly, to ensure the passage of telecom infrastructure bill into law before leaving office this year. Source ThisDay Read More