What To Expect From The Markets This Week - 021218


Saturday, December 01, 2018 08:00 AM / Proshare Content 


Nigeria: Economic Dashboard @ 301118

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From the Editor’s Desk


Ahead of the OPEC Meeting

Source: ARM Weekly Economic & Financial Commentary - November 26 - 30, 2018


The Global crude oil market moved into a surplus of 860,000 bpd in September, from an average deficit of 340,000bpd recorded between January and August. Notably, the higher than expected surplus stemmed from a surprising temporary waiver granted to eight countries by US which gives the room for continuous importation of Iranian oil and a preemptive increase in OPEC and Non-OPEC allies supply (with a compliance rate of 100%) earlier in the year in a bid to limit the impact of an all-out sanction on Iran. Consequently, increased supply from both OPEC and U.S have seen crude oil prices drop below $60/bbl.  Therefore, to curb the oversupply, the OPEC and Non-OPEC are set to meet on 6th December 2018, with the aim of reaching an accord over a possible cut in order to prop up tumbling oil prices. With a surplus of 1.96mbpd as at October 2018, the question remains how much OPEC and allies would be willing to cut.

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News Post:  The Rich, The Poor and Buharinomics

Read the Full Report HERE


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Other Developments 

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Monday, December 03, 2018 

The Fintech Financial & Technology Solution Providers will on this day hold  the African Fintech Festival  while Fidelity Bank Plc  will same day hold theExport Management Programme  

The National Bureau of Statistics will on this day release the Federation Account Allocation Committee (FAAC) October 2018 Disbursement and Nigeria Capital Importation (Q3 2018)


Tuesday, December 04, 2018 

Nigeria & The Digital Economy Workshop is scheduled to hold this day with the theme Nigeria & The Digital Economy at Apa Suite, Eko Hotels & Suites, Victoria Island, Lagos 

The Law Society  will on this day hold the  Women in Leadership in Law at 1A, Remi Olowude Street Lekki Peninsula Phase 1 Lagos while The Meet-Connect-Grow  holds same day with the theme Creating an enabling Environment for the Tech Ecosystem at PTDF Tower, 2 Memorial Close, Central Business District Abuja 

The National Bureau of Statistics will on this day release the Energy Generated and sent out ( Q3 2018) while the Institute of Directors Nigeria 2018 Fellows’ Night & Investiture  holds same day with the theme Building Sustainable Institution at Eko Hotels & Suites, Victoria Island, Lagos


Wednesday, December 05, 2018 

The Center for Trade and Business Environment Advocacy & Abuja Chambers of Commerce & Industry will on this day hold the Digital Economy, Innovation and Competition at  Abuja International Trade & Convention Centre 

The Nigeria Stock Exchange  will on this day hold the Exchange Traded Products Conference 2018 at Oriental Hotel 3 Lekki Road, Victoria Island Lagos while the National Bureau of Statistics will on this day release the Petroleum Products Statistic (Q3 2018) report


Thursday, December 06, 2018           

Accion Microfinance Bank   will on this day hold the Financial Inclusion Seminar 2018 at Federal Palace Hotel Victoria Island Lagos while the Nigeria Infrastructure Development Award  hold at Main Hall of Lagos Sheraton Hotel, Ikeja


Meristem Securities Limited will on this day hold its End of the Year Party at Havilah Event Center Victoria Island Lagos  while the Institute of Director will same day hold its 2018 Annual Dinner & Award Night  at  Eko Hotel & suite Victoria Island  Lagos


The National Bureau of Statistics will on this day release the Power Sector ReportEnergy Generated and sent out and consumed and load Allocation (Q3 2018)


Friday December 07, 2018 

The National Bureau of Statistics will on this day release the  National Bureau of Statistic will Release the Labour Force Statistics Vol 1 Unemployment and Underemployment Report (Q4 2017 and Q1 2018) and Road Transport Data (Q3 2018) 


Saturday December 08, 2018 

Empower her Conference 3.0 is scheduled to hold this day with the theme Girl: Undermined Assets or Underutilized Resources at Courteville Business Solution Plc, Commercial Avenue, Sabo,Lagos

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


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Markets Updates

1.       Increased Global Cocoa Demand Would Push Prices Up And Boost Nigeria’s Export Earnings

2.       Market Review and Round-Up of Corporate News Announced During The Week Ending 301118

3.       CBN Sends Hawkish Signals to The Market, Hikes OMO Rate to YTD Highs

Latest Reports This Past Week

1.       4.37bn Litres of PMS Imported into Nigeria in Q3 2018 – NBS

2.      Banking Sector Records 5.29bn Volume of Transactions in Q3 2018 - NBS

3.      FAAC Disburses N741.84bn in September 2018 - NBS


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Latest Videos This Past Week

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View More Economy, Business, Finance, Investment, Creative Art Videos from WebTV Here 


Previous Week(s) Market Outlook 

What To Expect From The Markets This Week - 261118

What To Expect From The Markets This Week - 191118

What To Expect From The Markets This Week - 121118

What To Expect From The Markets This Week - 051118

What To Expect From The Markets This Week - 291018 

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Related News

1.       NSEASI Gains on Close Day of Week, Inches Up By 0.86%, YTD Returns Stands at -19.27%

2.      Investors Lose N389.57bn in Four Consecutive Trading Days as YTD Returns Hits -19.96%

3.      Investors Lose N54.83bn as NSEASI Sheds -0.48%; Hits 17-Month Low

4.      Market Sentiment Remains Negative as NSEASI Dips Further By -1.14%

5.      Nigerian Stock Market Opens The Week Negative as NSEASI Dips By -0.46%


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Read More - The Monthly Proshare CONFIDENTIAL  


1.       The Rich, The Poor and Buharinomics

2.      Nigerian Banks’ Performance – H1 2018

3.      AMCON and Financial Services Debt Burden in Nigeria

4.      Poverty Tracker and Nigeria: Raising The Red Flag

5.      POCKET Economics: Addressing Income Inequality

6.      The Silent Drug Epidemic: A Gathering Storm

7.      Judging IMF’s Position on Development Indices

8.     Money Market: The Folk Road

9.      The Headache of Missing Targets

10.   2018 Outlook on the Nigerian Economy: The Need for an Even Keel

11.    Nigeria External Economy and the White Noise of Import Dependency

12.  States and the Rising Weight of Debt

13.   Money Supply: Reeling from Policy Response

14.   How Rail and Energy Will Deliver a Robust Economy for Nigeria

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