Business | All One Min News

Nigeria in 1min: Economic, Business and Financial Headlines - 270123

Jan 27, 2023   •   by   •   Source: Proshare   •   eye-icon 334 views


Investors Gain N83.51bn as NGXASI Inches up by 0.29%; Overnight Rate Advances to 10.83%; BDC Rate Depreciates to N755 - The NGX All-Share Index advanced by 0.29% to close at 52,752.96 basis points as against a 0.02% loss recorded previously to close at 52,599.65 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N83.51bn gain. YTD, the NGXASI Stands at +2.93%. Source Proshare Research Read More

The African Capital Markets Report Highlights Opportunities for Investments in 2023 - Agriculture, Real Estate, Technology and Innovation, Financial Services, Infrastructure Development, and Natural Resources are among the investment opportunities to look out for in the African Capital Markets. Source Emerging Africa Group Read More

NGX launches USSD integrated payment system - The Nigerian Exchange Limited said it will launch an unstructured supplementary service data to unlock Africa’s capital markets payment system through collaboration with telecommunication companies and banks. Source Punch Read More



MPC Bites the Bullet, Raises MPR by 100bpts to 17.5% - The MPC met yesterday to decide on the monetary policy stance of Nigeria. With a sense of candour and humour, they hiked the monetary policy rate by 100 basis points to 17.5% p.a. The committee was divided on the extent of tightening but was generally hawkish. Source FDC Ltd Read More

The Federal Government Expects More Flooding in 2023 - According to a punch newspaper report, the Federal Government has announced that Nigeria will witness another round of flood in many states this year, and there is a need for early preparations in order to avoid some of the mistakes that were made in 2022. Source CSL Research Read More



Morgan Stanley penalizes employees as much as $1 mln for WhatsApp breaches - source - Morgan Stanley (MS.N) has imposed financial penalties on employees who used messaging platforms such as WhatsApp for company business, according to two sources familiar with the situation. Source Reuters Read More



CBN Unveils National Domestic Card Scheme - The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, Thursday launched the Nigerian National Domestic Card scheme that will among other things, avail Nigerians the sovereignty of their data, lower costs of transactions, and address challenges in foreign exchange usage. Source ThisDay Read More



Nigerian Fintech Startups Raise $1.2bn out of $4.6bn Raised by African Startups as of December 01, 2022 - Firstly, let me congratulate every single one of us for making it through 2022, despite the hurdles and challenges faced both individually and collectively, and wish you a prosperous 2023. Source FintechNGR Read More

Coinbase fined $3.6M in the Netherlands - De Nederlandsche Bank (DNB), the Dutch central Bank, fined cryptocurrency exchange Coinbase 3.3 million euros ($3.6 million), due to non-compliance with local regulations for financial service providers, according to a Reuters report on Jan 26. Source Cointelegraph Read More

SBF allegedly used FTX money to invest $400M in obscure VC firm - Authorities in the United States might have discovered yet another possible component of Sam Bankman-Fried’s cryptocurrency empire. Source Cointelegraph Read More



Prioritising Health Over Profit through SSB Tax - It is easy to consume large quantity of sugary drinks because of their availability, affordability, and sizes. Sugar Sweetened Beverages (SSBs) are beverages that contain added sugars, including sodas, sports drinks, sweet teas, fruit drinks, energy drinks, and some fruit juices. Source ThisDay Read More




Related items.

Get the App

apple-store  play-store

Connect with us

Proshare is a professional practice focused on delivering research and information services to bridge the gap between investors and markets; by delivery on credible, reliable, and timely engagements through the following areas — Impact Research, Market Intelligence, Strategic Advisory, Stakeholder Relations & Digital Media.