Sunday, March 12, 2017 08:00 AM / Proshare
From the Editor’s Desk
The National Bureau of Statistics (NBS) would release its inflation report for February 2017 this week. The earlier wild swings in both the nominal effective exchange rate and real effective exchange rate, which unsettled price have began to give way for a mild one. Our economist opines that the present dynamics in the movement of the effective exchange rate will ensure inflation hold on to a creepy one. More than ever, we are gradually getting closer to a favourable base effect. This would allow gross domestic product to shed off the price heaviness that has adversely affected growth. Certainly real variables will still be feeble, given the reality that double digit inflation will be sticking around for some time.
Here are the happenings expected this week.
Monday, March 13, 2017
While the Securities and Exchange Commission (SEC) commence engagement with Capital Market Operators on the Risk Based Supervision Framework and Updated Reporting Template, the markets would be bracing for policy statements and actions as President Muhammadu Buhari resumes work officially on March 13.
Proshare WebTV would be live at the FMDQ OTC Exchange for the formal listing of the Vetiva S&P Nigerian Sovereign Bond ETF; while Zenith Bank Plc closes its register for the year ended 31 December 2016 haven proposed a dividend of 177 Kobo per unit.
Tuesday, March 14, 2017
The U.S Federal Reserve will be meeting to decide on its interest rate and there is the possibility of a rate hike as the Federal Reserve act in reaction to expansionary spending.
Meanwhile back at home, the Nigerian Manufacturing Expo for 2017 would commence, as the NBS releases its External Trade Intensity and Re Export Analysis for Q4’2016 as well as the February 2017 reports on AGO/Diesel Price Watch, PMS/Petrol Price Watch, HHK/Kerosene Price Watch, Transport fare price watch and Liquefied Petroleum Gas (cooking gas) price watch.
Access Bank Plc would also be closing its register for the year ended 31 December 2016 haven proposed a dividend of 40 Kobo per unit.
Proshare will release the IoS version of its App in the week.
Wednesday, March 15, 2017
The Comptroller of Nigeria Customs & Excise is expected to appear before the Senate in his appropriate uniform on March 15, while the NBS churns out its February 2017 report on Inflation.
Transcorp Hotels Plc AGM will take place this Wednesday, while the Debt Management Office (DMO) plans a N130bn auction in the market. Riding on a high patronage coupled with the present nursery of asset rotation, it is expected that investor’s taste bud for top layer fixed instrument won’t change.
Thursday, March 16, 2017
Economic Associates (EA) will host a one-day conference on Nigeria’s Economic Outlook at Radisson Blu, while Co-Creation Hub brings together data analytics practitioners for her Datalytics event later in the day.
The Design Driven Entrepreneurship workshop via hashtag YALI Learns will commence, while Guinea Insurance Plc holds her AGM.
Friday, March 17, 2017
As the week comes to an end, United Capital will hold its AGM, while the March edition of the CFA’s Startups Hangout themed: “Excellence is key to startup success” holds.
Check out our Events Calendar for event details and follow us on Web, TV, APP and Social Media for updates as the week unfolds. Stay Strong!
Contact for Details:
1. February 2017 Headline Inflation Likely to Decline to 17.1%
2. One-Day Conference on Nigeria’s Economic Outlook by Ayo Teriba holds March 16
3. ACCESS declares N71.44 billion PAT in 2016 Audited Results; Proposes 40k Final Dividend,(SP:N6.48k)
4. ZENITHBANK Declares N129.6bn PAT in 2016 Audited Results; Proposes N1.77k Final Dividend,(SP:N14.73)
1. Nigerian Stock Market Records +0.09% Gain WoW
2. Stock Market Records +0.74% Gain to Resume Uptrend
3. Stock Market Retracts After A Day of Positive Stance; Records -0.57% Loss
4. Equities Market Records +2.23% Gain to Resume Uptrend; Thanks to Big CAPs
5. Stock Market Opens The Week Negative; Records 1.72% Loss