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Nigeria in 1min: Economic, Business and Financial Headlines - 170123

Jan 17, 2023   •   by   •   Source: Proshare   •   eye-icon 427 views


Headline Inflation Increases by 21.34% YoY in December 2022 as Food Inflation Rises by 23.75% - In December 2022, the headline inflation rate eased to 21.34% compared to November 2022 headline inflation rate which was 21.47%. Looking at the trend, December 2022 inflation rate showed a decline of 0.13% when compared to November 2022 inflation rate. Source NBS Read More

Text of The State of The Nation Broadcast by Tunde Bakare on Sunday, January 15, 2023 - Fellow citizens, as we mark this year’s Armed Forces Remembrance Day today, let me begin this address by saluting our gallant troops who, from the creation of the Nigerian state over a hundred years ago, have played a pivotal role in our journey to nationhood. Source Tunde Bakare Read More

We Are Yet to Get Fuel At Official Price, Says IPMAN - Queues at filling stations across the country may continue for a longer time as the Nigeria National Petroleum Company Limited (NNPCL) is yet to begin direct supply of Premium Motor Spirit (PMS) otherwise known as petrol. Source The Nation Read More



Investors Lose N89.14bn as NGXASI Decline by 0.31%; Overnight Rate Closes Flat at 10.00%; BDC Depreciate to N747 - The NGX All-Share Index declined by 0.31% to close at 52,348.82 basis points as against a 0.89% loss recorded previously to close at 52,512.48 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N89.14bn loss. YTD, the NGXASI Stands at +2.14%. Source Proshare Research Read More

Oil Prices Slip on Global Recession Gloom - Oil prices fell in early trade on Tuesday as recession fears dominated headlines out of the World Economic Forum's meeting in Davos, draining optimism that stoked the market last week on prospects of a fuel demand recovery in top oil importer China. Source Reuters Read More



The National Domestic Card Scheme (NDCS) to Become Effective Today - The Central Bank of Nigeria recently announced the launch of the National Domestic Card Scheme (NDCS) which is scheduled to become effective today, 16 January 2023. Source CSL Research Read More



CBN Governor, Godwin Emefiele Resumes Duty After Annual Leave - The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has resumed duty after his annual vacation abroad. Mr. Emefiele, who proceeded on leave in December 2022, resumed work today, Monday, January 16, 2023. Source CBN Read More

AfCFTA: Buhari urges Africa to diversify, boost trade - Buhari made the call at the ninth African Shippers’ Day with the theme: “African Continental Free Trade Agreement: A Veritable Platform for African Shippers’ to Mainstream into Global Trade,” on Monday in Lagos. Source Sun Read More

Chief Executives, Economists Brace for Recession as Davos Begins - The World Economic Forum’s annual meeting began in Davos with corporate executives and economists warning a global recession is likely this year. Source Bloomberg Read More



Davos 2023: CEOs Buzz about ChatGPT-Style AI at World Economic Forum - DAVOS, Switzerland, Jan 17 (Reuters) - Business titans trudging through Alpine snow can't stop talking about a chatbot from San Francisco. Source Reuters Read More

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