PROSHARE MARKETS

What to Expect from the Markets this Week - 300123 - For the fifth time, the Monetary Policy Committee of the Central Bank of Nigeria (CBN) raised Monetary Policy Rate (MPR) at its just concluded first meeting of 2023. The Committee decided to increase the policy rate by 100bps from 16.5% to 17.5% while holding all other policy parameters constant. Source Proshare Research Read More

Access Holdings; Evaluating the New Corporate Game Plan - Corporate repositioning will come hard and fast in Nigeria’s financial services industry as customers become finicky, impatient, and demanding. The world of best global practices will no longer be a plane flight away but a few keystrokes of either a computer or a mobile phone. Nigerian banks are coming to terms with this gripping reality. Source Proshare Research Read More

PROSHARE ECONOMY

Moody's Downgrades Nigeria's Ratings to Caa1 with a Stable Outlook Over High Debt, Low Revenue - Moody's Investors Service ("Moody's") has downgraded the Government of Nigeria's long-term foreign-currency and local-currency issuer ratings as well as its foreign currency senior unsecured debt ratings to Caa1 from B3 and changed the outlook to stable. Source Moody’s Investors Service Read More

PROSHARE REGULATORS

CBN Extends Deadline for the Collection of Old Naira Notes Till Feb 10th and Deposit Till Feb 17th 2023 - Good afternoon, ladies and Gentlemen. Like you can see, I’ve just ended a meeting with Mr. President. The purpose of the meeting is to provide Mr. President with updates about the implementation status of the CBN currency redesign program currently going on across the Federation. Source CBN Read More

PROSHARE BUSINESS

Olam Bags Top Employer Certification - Leading agribusiness firm, Olam has clinched “Top Employer” certification for the third consecutive year from the Netherlands-based Top Employer Institute. Source ThisDay Read More

PROSHARE TECHNOLOGY

Sam Bankman-Fried seeks to access FTX funds - Sam Bankman-Fried’s legal team is seeking to remove a bail condition that prevented him from accessing FTX funds, according to court filings from Jan. 28. Source Cointelegraph Read More

PROSHARE FINANCE

Dissecting Impacts Of Pension Enhancement On Retirees - In December 2022, the National Pension Commission (PenCom) announced that the third edition of pension enhancement under the Contributory Pension Scheme (CPS) has been approved. Source Leadership Read More