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Nigeria in 1min: Economic, Business and Financial Headlines - 180123

Jan 18, 2023   •   by   •   Source: Proshare   •   eye-icon 326 views

PROSHARE ECONOMY

Headline Inflation Eased to 21.34% in December 2022 - After 10 consecutive months of increases, Nigeria's headline inflation declined to 21.34% in December. The deceleration was in line with the FDC's earlier projection, both normally and directionally. Source FDC Ltd Read More

25m Nigerians at High Risk of Food Insecurity in 2023 - Nearly 25 million Nigerians are at risk of facing hunger between June and August 2023 (lean season) if urgent action is not taken, according to the October 2022 Cadre Harmonisé, a government led and UN-supported food and nutrition analysis carried out twice a year. Source UNICEF Read More

Governors Invite Emefiele over Deadline for Return of Old Banknotes - The Nigeria Governors’ Forum (NGF) has invited the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele to a meeting over the apex bank’s timeline to retire old N200, N500 and N1,000 banknotes. Source ThisDay Read More

 

PROSHARE MARKETS

Investors Gain N192bn as NGXASI Advances Further by 0.67%; Overnight Rate Contracts to 9.83%; BDC Closes Flat at N747 - The NGX All-Share Index advanced by 0.67% to close at 52,701.31 basis points as against a 0.31% loss recorded previously to close at 52,348.82 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N192bn gain. YTD, the NGXASI Stands at +2.83%. Source Proshare Research Read More

Nigeria’s Inflation Slides to 21.34% as NLNG Continues Operation and CBN Backstops Naira Decline - According to the National Bureau of Statistics (NBS) CPI report, Inflation fell as expected by 13 bp to 21.34% in December. Source Proshare Research Read More


PROSHARE BUSINESS

AfCFTA Reforms to Boost Nigeria’s Non-Oil Export By Over 15% - President Muhammadu Buhari has said the African Continental Free Trade Agreement (AfCFTA) reforms will increase Nigeria’s non-oil exports to other African countries by more than 15 per cent. Source Guardian Read More

 

PROSHARE TECHNOLOGY

Microsoft To Cut Thousands of Jobs Across Divisions - Reports - Microsoft Corp (MSFT.O) plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday. Source Reuters Read More

 

PROSHARE FINANCE

Pencom Approves 181 Firms for Govt Business - The National Pension Commission has given clearance to 181 firms to do business with the Federal Government. Source Punch Read More

 

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