PROSHARE ECONOMY

Nigeria to Relaunch National Airline Two Decades After Predecessor’s Collapse - Nigeria plans to relaunch a nationwide service nearly 20 years after its predecessor went bust underneath a cloud of debt, mismanagement and corruption as outgoing president Muhammadu Buhari seeks to cement his legacy. Source FT Read More

Ethiopian Airlines Emerges Core Investor in Nigeria Air with 49% Shareholding - Ethiopian Airlines is the preferred bidder for Nigeria Air, the Nigerian government said Friday, as it prepares for the commencement of operations of Nigeria’s new national carrier. Source Premium Times Read More

Some Nigerians Abroad are Moving Back for Economic Reasons. Is This Reverse Migration? - Even though there has been a significant increase in the number of Nigerians migrating to the global West, some Nigerians who have schooled and lived in the US are returning to the country, largely citing economic factors as the reason. Source HumAngle Media Read More

Nigeria’s Economic Outlook Uncertain, Welfare Worsening – W’Bank - The World Bank has said that Nigeria’s economic outlook is uncertain and its ability to attract domestic and foreign investments is also crashing. Source Punch Read More

August Revenue Drops By N280bn As FG, States, LGAs Share N673.137bn - The revenue shared in August by the three tiers of government dropped by 280.948 billion as the federal, state and Local Government Councils (LGCs) shared N673.137bn. Source Daily Trust Read More

PROSHARE MARKETS

What to Expect from the Markets this Week - 260922 - The Central Bank of Nigeria’s (CBN’s) MPC is expected to raise the Monetary Policy Rate (MPR) at its next meeting slated for September 26, 2022. Source Proshare Research Read More

NGX Lists 26,487,980 Units of Chemical and Allied Products Plc’s Shares Arising from Scrip Dividend Election Scheme - An additional 26,487,980 ordinary shares of 50 kobo each of Chemical and Allied Products Plc (CAP or the Company) were on Tuesday, 20 September 2022, listed on the Daily Official List of the Nigerian Exchange Limited (NGX). Source NGX Read More

NGX Lists Presco Plc’s N34.5bn 7-Year 12.85% Senior Unsecured Fixed Rate Series I Bonds Due 2029 under ₦50bn Bond Issuance Programme - The Memorandum Listing of Presco Plc’s N34,500,000,000 7 Year 12.85% Senior Unsecured Fixed Rate Series I Bonds Due 2029 under ₦50,000,000,000.00 Bond Issuance Programme which was listed on the Nigerian Exchange Limited today, Wednesday, 21 September 2022. Source NGX Read More

PROSHARE BUSINESS

Oil Price Falls to $86/barrel - Brent, the global benchmark for crude, dropped in price on Sunday as virtually all oil grades witnessed reduced prices on the first day of the week despite efforts by the Organisation of Petroleum Exporting Countries to stabilise the cost of the commodity. Source Punch Read More

NNPC’s Subsidy Deduction Climbs to N2.6tn in Eight Months - The Nigerian National Petroleum Company Limited (NNPCL) continued its zero funding for the federation account in August, extending its prolonged non-remittance to the federal, state and local governments to eight months. Source ThisDay Read More

LCCI to Maximise AfCFTA Opportunities to Drive Regional Market - The Lagos Chamber of Commerce and Industry (LCCI) has expressed readiness to extensively maximise the opportunities of the African continental free trade agreement (AfCFTA) to boost global and regional markets for start-up brands, big industries, tech hubs and multinational companies to facilitate trade amongst key markets. Source Leadership Read More

PROSHARE TECHNOLOGY

NITDA Trains 100 Participants from FPIs on Cybersecurity Essentials, Cloud Computing - The National Information Technology Development Agency (NITDA) has continued to display its commitment to the sustainability of a digitally transformed Nigeria by engaging the workforce of various Federal Public Institutions (FPIs) in capacity development programmes to create a digitally formidable federal public service towards the realization of a digital Nigeria. Source Tech Economy Read More

How Africa Can Grow Cross-Border Payments to Deepen Intra-Regional Trade - Cross-border payments in Africa will grow bigger, better and faster without the US Dollar in the middle, Akshay Grover the Chief Executive Officer of Cellulant,  a  fintech driving financial inclusion in Africa, disclosed this in a recent conversation on technology and intra-african trade. Source Cellulant Read More

PROSHARE FINANCE

How Non-Interest Finance Can Address Nigeria’s Socio-Economic Challenges - Beyond road infrastructure financing, human capital development, financial inclusion, and information and communication technology are other key areas in non-interest finance that can address Nigeria’s socio-economic challenges. Source WebTV Read More