PROSHARE MARKETS

Investors Gain N41.60bn as NGXASI Advances by 0.14%; Overnight Rate Contrast to 11.69%; BDC Rate Appreciates to N752 - The NGX All-Share Index advanced by 0.14% to close at 55,605.57 basis points as against a 0.25% gain recorded previously to close at 55,529.21 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N41.60bn gain. YTD, the NGXASI Stands at +8.50%. Source Proshare Research Read More

PROSHARE ECONOMY

Soaring Drivers of Headline Inflation - The National Bureau of Statistics (NBS) has followed up its release of the January inflation numbers with the publication of its price watch series. These reports provide data on the price trends of some key products within the inflation basket. The latest inflation reading for January showed that inflation resumed its upward trend. Source FBNQuest Research Read More

‘How Automation’ll Eliminate Fraud, Tackle Corruption In Downstream Sector’ - The Executive Secretary, Major Oil Marketers Association of Nigeria (MOMAN), Mr. Clement Isong, has called on the players in the downstream sector to embrace automation as part of efforts to ensure transparency and eliminate   fraud and tackle  corruption in the troubled sector. Source Sun Read More

PROSHARE BUSINESS

Lafarge Africa Announces the Commencement of the 2023 Holcim Awards for Sustainable Construction - Lafarge Africa Plc, a leading Sub-Saharan Africa Building Solutions Company and member of Holcim, the global leader in innovative and sustainable building solutions, today announced the commencement of the internationally renowned Holcim Awards for sustainable construction. Source Lafarge Africa Read More

Buhari Seeks Duty-Free Market for Least Developed Countries - President Muhammadu Buhari has called on developed and developing nations to grant duty-free and quota-free market access for products originating from the world’s 46 least-developed countries to ensure their integration in regional and global value chains. Source Guardian Read More

PROSHARE TECHNOLOGY

Blockchain: A Solution to Nigeria’s Banking Sector Insecurity in 2023 - Blockchain technology is a type of distributed ledger that is gaining widespread attention and its use is rapidly expanding. The global blockchain market was valued at $708 million in 2017 and is projected to reach $60.7 billion by 2024. In fact, 90% of banks and financial institutions in the United States and Europe have started exploring blockchain technology. Source FDC Ltd Read More

SEC Continues Streak Of Enforcement Actions, Targets BKCoin for Alleged $100M Fraud - The United States Securities and Exchange Commission has targeted an investment adviser and individual allegedly connected to a $100-million cryptocurrency fraud in its latest enforcement action. Source Cointelegraph Read More

PROSHARE FINANCE

Segun Ogunsanya Restates Airtel Africa’s Commitment to Providing Quality Education to African Children - Airtel Africa, a leading provider of telecommunications and mobile money services with a presence in 14 countries across Africa, has restated its commitment to the relentless pursuit of a better future for African children through the provision of access to digital education. Source Airtel Africa Read More

N24bn Recovered from Defaulting Employers, Says PenCom - The National Pension Commission says it has recovered N24.15bn non-remitted pension savings of employees from defaulting employers. It disclosed this in its fourth quarter report for 2022. Source Punch Read More