PROSHARE ECONOMY

Nigeria’s N9tn Oil Revenue Threatened, FG Blames Theft - Nigeria’s oil production slumped by 28 million barrels between January and July 2022, threatening the Federal Government’s N9.37tn oil and gas revenue target by the end of the year. Source Punch Read More

Nigeria’s Domestic, External Debt Service Gulps N15.22trn in 10 Years - Nigeria in the past 10 years has spent a whopping sum of N15.22trillion to service its domestic and external debts, data gathered by THISDAY on the official website of Debt Management Office (DMO) has revealed. Source THISDAYLIVE Read More

Oil Prices Ease as Aramco Says Ready to Boost Crude Output - Oil prices dropped for a second session on Monday after the head of the world's top exporter, Saudi Aramco, said it is ready to ramp up output while production at several offshore U.S. Gulf of Mexico platforms is resuming after a brief outage last week. Source Reuters Read More

PROSHARE MARKETS

What to Expect from the Markets this Week - 150822 - Proshare analysts unimpressed with Government’s plans to float a National Carrier, noting that this would impose more financial burden on the government than it can bear. Source Proshare Content Read More

MTN Nigeria Plc H1 2022 Result: Working on MoMo Moments, Topline Earning up 20.07% - Telcos are taking a front-row seat in financial payments and settlements as more companies apply for payment service bank (PSB) licenses. In Nigeria, MTN Nigeria was the first to receive a PSB license. Source Jariyat Bakare, Proshare Research Read More

PROSHARE BUSINESS

IEA Cuts Nigeria’s Sustainable Oil Output Capacity By 200,000bpd - Citing technical lapses and security threats, the International Energy Agency (IEA) has cut Nigeria’s sustainable oil output by about 200,000 barrels per day (bpd). Source LeadershipNG Read More

Lekki Deep Seaport set for completion - Transport Minister - following the successful delivery of the first set of Super Post Panamax State-of-the-art Ship to Shore, STS, Cranes and 10 Rubber Tyred Gantries, RTGs, on July 1, 2022, the Lekki Deep Seaport is set to be completed on schedule ahead of commencement of operations before the end of the year 2022. Source Vanguard Read More

Saudi Aramco Records $48.4bn Profit in Q2, declares $87.9bn in 6 Months - Aramco, the national oil company of Saudi Arabia, has announced a 90 per cent rise in its net income to $48.4 billion for the second quarter of this year and recorded $87.9bn in the first six months. Source Daily Trust Read More

PROSHARE TECHNOLOGY

Hackathon: CBN, AFF to Assist 10 Startups to Increase eNaira Adoption - According to Daniel Awe, Head of AFF, 5,000 participants from the finance community applied for the hackathon and were cut to roughly 175 teams. 70 will head to the quarterfinal pitching. Source TechEconomy Read More

PROSHARE FINANCE

How Regulations Can Support the Growth of Nigeria's Islamic Fintech Industry - The right mix of enabling regulations and innovative products from Islamic fintech firms can accelerate the growth of the Halal Market and other segments of the non-interest finance industry. Source Bukola Akinyele-Yisau Read More

FranklinCovey enters exclusive partnership with Teesas in Africa - FranklinCovey Education, the global leadership coaching company, has entered an exclusive partnership with Teesas to deliver its suite of education-related products directly to students, schools, and parents across Africa. Source Teesas Read More

Q1 2022: Insurance Sector Records 6.2% Growth, 15% Market Size Expansion - The National Insurance Commission (NAICOM), has said that in spite of macro-economic challenges which has bedeviled businesses in Nigeria, insurance sector recorded a year-on-year growth rate of 6.2 per cent at the end of March 2022. Source THISDAYLIVE Read More