What To Expect From The Markets This Week- 041217


Saturday, December 02, 2017 08:00 AM / Proshare 

Economic Dashboard 

 Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd. 


From the Editor’s Desk 

Recently, the Central bank of Nigeria published the composite production manufacturing index (PMI) for the month of November 2017.   The November PMI expanded to 55.9 which is stronger than the index recorded in the previous month which stood at 55.o. Recent event suggests that the composite PMI has expanded for 8 months consecutively in a row, while the year on year average of composite PMI stands at 51.9.

Fig 1: Production Manufacturing Index from Nov 2016 – Nov 2017

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 Source:  CBN


Similarly, new orders for the month of November maintained an upward trajectory as it expanded to 54.3. Such expansion suggests buffering in new order when compared to the month of October 2017 which was 52.8. Moreover, new orders on a year on year basis have expanded marginally to 50.5. In addition, Employment PMI figures for the month of November maintained an expansion at 53.7, making it the highest in the year so far. However earlier weakness put the average employment PMI on a year on year basis at 49.2.  

Monday, December 4, 2017

The World Bank/REA Green Mini Grid Africa Summit in Abuja will commence today, while Access Bank Plc presents its 5-year Strategic Plan at the Nigerian Stock Exchange today. 

Tuesday, December 5, 2017

The Lagos Business School’s Financial Inclusion Conference 2017, PwC Nigeria Business School’s Training for SMEs and AIAPM 2017 Investment Advisers and Portfolio Managers Forum will hold today in Lagos. 

C&I Leasing Plc’s Annual General Meeting and Girl meets Tech Conference will hold today, while YouWin Connect, will today hold an online training geared at strengthening the entrepreneurial capacity of participants. 

Wednesday, December 6, 2017

The Hour of Code by relearnNG and Co-creation Hub Nigeria (CcHUB) and the 1ST Nigeria Cyber Security Awareness Workshop will hold today. 

Thursday, December 7, 2017     

The National Bureau of Statistics will today release the Q3 2017 Foreign Trade Merchandise Report, while Businessday holds the CEO Forum Nigeria 2017. 

The Nigerian-British Chamber of Commerce (NBCC) Fempreneur Conference and Expo will hold today, as well as the Nigeria Mobile Economy Summit and Expo. In addition, the 5th HR Bootcamp conference powered by Kendor Consulting, the Official Launch of the Nigeria Stock Brokers Agricbusiness Group (NSBAG), and the 2017 Gidijobs Summit & Young Executive Job Fair will hold today. 

Friday, December 8, 2017

The Institute of Chartered Accountants of Nigeria (ICAN) will hold its symposium focused on the Nigerian Budget today, while the Nigerian-American Chamber of Commerce (NACC) holds its Annual Dinner Dance today in Lagos. 


 Check out our Events Calendar for event details and follow us on Web, TV, APP and Social Media for updates as the week unfolds. Yours to Serve!

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 Proshare Nigeria Pvt. Ltd.

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