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Outlook 2021: Emerging Technologies Have Potential to Spur Growth

February 25, 2021

Outlook 2021: Emerging Technologies Have Potential to Spur Growth

In Q3 2020, FBN, Zenith Bank, and GT Bank recorded a reduction in non-interest income Y-o-Y, while Access Bank, UBA, and GT Bank recorded improvements (see Table 42). As of January 2, 2020, before the coronavirus became full-blown, its price was a mere $68.80, but by April 30, 2020, its price opened at $139.99. Therefore, 2021 promises to be a good year for the tech firms (GSM service providers, fintech companies, e-commerce businesses, etc). CBN Communique No. 132 of the MPC Meeting – Sep 21-22, 2020 26. Furthermore, it came to an all-time high of $572.50 on October 16, 2020, which is a whopping +732% increase in share price within ten months. However, thanks to investments by tech giants – IBM, Google, and Microsoft – the United States has maintained its lead in quantum computing. Fintech companies, however, should quest for opportunities that exist within the education and health sector to address societal challenges such as student financing, digital learning, and affordable health insurance.

Article from Proshare Nigeria Limited.