PROSHARE ECONOMY

FG Plans Import Levy to Finance AfDB, W’bank Obligations - The Federal Government has initiated plans to introduce O.5 per cent levy on imported goods to raise funds to meet its obligations to the African Development Bank, the World Bank and other multilateral organisations. Source Punch Read More

Cash Withdrawal Policy to Drag More Nigerians into Poverty – NLC - Workers under the organised labour have condemned the current policy on cash withdrawal limit and charged the Central Bank of Nigeria (CBN) against implementation of policy that will stress the already harsh economy. Source Leadership Read More

Nigeria Needs N3.7tn Annually to Tackle Poverty – W’bank - The World Bank has said that it would cost Nigeria N3.7tn to eliminate poverty, which has been on the rise in the country. The financial institution stated this in its synthesis report for the Nigeria Country Economic Memorandum: Charting a New Course, which was released this month. Source Punch Read More

PROSHARE MARKETS

What to Expect from the Markets this Week - 261222 - President Muhammadu Buhari is seeking a supplementation of N819.5bn for the 2022 budget. The request which was contained in a letter addressed to Senate President Ahmad Lawan stated that the proposal is meant to address the damage caused by the nationwide flash flood which affected several states. Source Proshare Research Read More

PROSHARE BUSINESS

CEO Remuneration 2022: The Pay and Perks of Zenith Bank's CEO - According to the audited financial result for the 2021 financial year, the group achieved +9.92% year-on-year growth in gross earnings. The bank’s CEO was paid N246mn in 2021 compared to the N230mn reported in 2020. Zenith bank’s gross earnings-to-CEO pay fluctuated between 2016 and 2021. Source Proshare Research Read More

SON Urges Producers, Importers to Adhere to Quality - The Standards Organisation of Nigeria (SON) has reiterated its call on local manufacturers and importers to adhere to standards and quality assurance. Source Sun Read More

NCAA, NiMet Warn Pilots, Airline Operators Over Harzadous Weather - The Nigeria Civil Aviation Authority (NCAA) and the Nigerian Meteorological Agency (NiMet), have warned against hazards of dry weather, cautioning airline operators on the effects of the weather. Source Leadership Read More

PROSHARE TECHNOLOGY

PIN Describes NITDA Bill 2022 as NASS’ Attempt at Social Media Regulation - Paradigm Initiative (PIN) has described the proposed amendment to the establishing Act of Nigeria’s IT regulatory agency, National Information Technology Development Agency (NITDA) as an attempt at Social Media regulation. Source TechEconomy Read More

Musk Says Twitter to Allow Users to Turn Off View Count Feature - Twitter will tweak its recently rolled out view count feature, allowing users to turn it off if desired, Elon Musk tweeted in response to an user’s comment on the new design. Source Bloomberg Read More

NAICOM: Vehicle Owners to Pay Higher Insurance Premium Rates from Jan 1 - The National Insurance Commission (NAICOM) has increased the premium rates for vehicle insurance in the country. Source TheCable Read More