PROSHARE MARKETS

Investors Gain N34.32bn as NGXASI Appreciates by 0.12%; Overnight Rate Contracts to Close at 11.17%; BDC Rate Appreciates to N752 - The NGX All-Share Index advanced by 0.12% to close at 52657.69 basis points as against a -0.06% loss recorded previously to close at 52,594.68 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N34.32bn gain. YTD, the NGXASI Stands at +2.74%. Source Proshare Research Read More

UBA Plc Postpones Board Meeting Scheduled to Consider 2022 Group Audited Financial Statements; to Now Hold on February 13, 2023 - In line with listing rules of the Nigerian Exchange Limited for listed companies, United Bank for Africa Plc (the Bank) hereby informs the investing public that the meeting of Board of Directors of the Bank earlier scheduled for Thursday, January 26, 2023. Source NGX Read More

MTN Nigeria Notifies of Upcoming Allotment of Incentive Shares to Qualified Shareholders - MTN Nigeria Communications Plc (MTN Nigeria) wishes to inform the market of the imminent execution of the allotment of Incentive Shares to qualified Shareholders. Source NGX Read More

Nacho Aviance Engaging Unions to Bring to an End Disruption to Flight Services Occasioned by Industrial Action - West Africa foremost ground handler, nahco Aviance, said it is engaging the unions and bringing to an end the disruption in flight services occasioned by the industrial action embarked upon by a section of its staff. Source Nacho Aviance Read More

PROSHARE ECONOMY

Traditional Council Will Start Getting 10% Allocations in Oyo State - Governor of Oyo State, ‘Seyi Makinde, has declared that the traditional institution in the state will soon begin to get 10 per cent of the net allocations of the local government areas. Source Oyo State Government Read More

Inflation and Poverty In Nigeria: Explainer - Inflation is one of the most used expressions in discussions about the economy. Yet the idea is often misunderstood. Although there are several schools of thought on inflation, economists generally agree that it means a constant, progressive rise in the prices of goods and services. Source IGET Africa Read More

PROSHARE REGULATORS

Bloomberg To Pay $5 Million For Misleading Disclosures About Its Valuation Methodologies For Fixed Income Securities - The Securities and Exchange Commission today announced settled charges against Bloomberg Finance L.P. (Bloomberg) for misleading disclosures relating to its paid subscription service, BVAL, which provides daily price valuations for fixed-income securities to financial services entities. Source Mondo Visione Read More

PROSHARE TECHNOLOGY

Microsoft announces new multibillion-dollar investment in ChatGPT-maker OpenAI - Microsoft on Monday announced a new multiyear, multibillion-dollar investment with ChatGPT-maker OpenAI. Source CNBC Read More

PROSHARE FINANCE

IFRS 17 Results Are Not Fully Comparable Yet - Comparing insurers’ IFRS 17 results will be difficult initially due to differences between companies’ approaches under the accounting standard, which took effect for most insurers on 1 January 2023, Fitch Ratings says in a new report. Source Fitch Ratings Read More