PROSHARE MARKETS

Investors Gain N277.31bn as NGXASI Inches up by 0.95%; Overnight Rate Closes Flat at 11.00%; BDC Rate Appreciates to N754 - The NGX All-Share Index inched up by 0.95% to close at 53,157.83 basis points as against 0.18% loss recorded previously to close at 52,657.88 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N277.31bn gain. YTD, the NGXASI Stands at +3.72%. Source Proshare Research Read More

PROSHARE ECONOMY

The Many Faces of Nigeria in 2023: Understanding the Economics of Change - Download the Full PDF Reports Here. Outlooks are like weather forecasts; they can be instructive but not conclusive. A weatherman or woman could advise that citizens carry brollies when going out, but the sun rises and blazes in all its glory, the wind blows gently and by 4.00 pm not a drop of water cools the face of parched pavements. Source Proshare Research Read More

PROSHARE REGULATORS

SEC Calls for More Investments in Commodities Sector - The Securities and Exchange Commission (SEC) has called for more investments, especially by the private sector, in the commodities trading ecosystem. Source Leadership Read More

PROSHARE BUSINESS

N5.5 billion Debt: Supreme Court Affirms Honeywell’s Indebtedness to Ecobank - Ecobank scored a major victory at the Supreme Court on Friday as it won in a N5.5 billion debt dispute against Honeywell and its sister firms, Anchorage Leisures Ltd and Siloam Global Ltd. The Supreme Court dismissed an appeal by Honeywell Flour Mills Limited challenging the judgment of the Court of Appeal in the debt dispute with Ecobank Nigeria Limited. Source Ecobank Read More

Ecobank wins Best Place to Work in Africa 2022 Award - Ecobank Group, the leading pan-African bank, has won the highly coveted Best Place to Work in Africa 2022 Award from the Best Place to Work organisation. The Award honours organisations that exhibit the highest standards of excellence in Human Resources (HR) practices and employees’ experience. Ecobank is the first Pan-African bank to have been awarded the certification. Source Ecobank Read More

UBA Appoints Abiola Bawuah as First Female CEO for Africa Operations - The Board of Directors of the United Bank for Africa Plc, Africa’s Global Bank, today announces the appointment of Mrs Abiola Bawuah as Chief Executive Officer (CEO) of UBA Africa. Bawuah will also join the Group Board as an Executive Director, overseeing the Group’s operations across the African continent, outside Nigeria. Source UBA Read More

PROSHARE TECHNOLOGY

Netflix to Stop Password Sharing in March - Netflix recently announced its plans to start cracking down on subscribers who share their passwords by the end of March 2023. Back in October, the streaming giant said it would begin charging subscribers who share their accounts but did not give a specific date or information for when the new policy would be enacted. Source ThisDay Read More

PROSHARE MSME

Classera Raises $40m Funding, Set to Deepen Footprints Across Africa - Classera, a global EduTech learning management platform focused on emerging markets, has successfully raised $40 million in a Series ‘A’ round, the largest in EdTech globally for a company with no prior funding. Source ThisDay Read More

Firm Raises $296m Africa Tech fund - Convergence Partners, the leading private equity investor dedicated to the technology sector across sub-Saharan Africa, said it has successfully raised $296 million Convergence Partners Digital Infrastructure Fund surpassing its initial target by over 18%. Source Punch Read More