Proshare - Facebook Proshare - Twitter Proshare - Google+ Proshare - Linked In Proshare - RSS Feed

What To Expect From The Markets This Week - 021017

Proshare

Saturday, September 30, 2017 08:00 AM / Proshare 

Economic Dashboard

 


From the Editor’s Desk

The Debt Management Office on September 11, 2017 made public the total expenditure incurred through external debt servicing in the second quarter of 2016. The total amount of $58.243 million was spent on debt servicing in the second quarter of 2017, reflective of a 54.4% dip compare to the previous quarter. Regardless debt servicing in the second quarter of 2017 rose by 17.7% when compared to the corresponding quarter of 2017.   

The erosion was due to the softening in servicing across most of the debt category, except the other external debt category. More importantly expenses were not incurred from the commercial debt category in the second quarter of 2017, compare to the $45.6 million incurred in the first quarter of 2017.  Thus, such dynamic resulted to a lighter debt servicing in the second quarter of 2017.                                                  

Fig 1: Debt Servicing in the Second Quarter of 2017 

Source: DMO, Proshare Research   

Debt servicing expenses incurred from multilateral debt category stood at $38.449 million, thereby making up 59.83% of total debt servicing in the second quarter of 2017. The multilateral debt category fell by 45.7% compare to the previous quarter. Debt servicing attributed to bilateral category stood at $2.534 million in the second quarter, which was a 99% dip compare to $34.89 million in the previous quarter. Debt servicing from the other debt category stood at $20.89 million, compared to $0.0169 million in the first quarter of 2017. Certainly as the federal government absorb more external debt in order to achieve the 60:4o, domestic to external debt ratio an accretion in external debt servicing will take place.

Tuesday, October 3, 2017

Phillips Consulting Training on Effective Project Management with Simulation will commence today, while the Nigerian Women in Technology Event with Facebook holds at the CoCreation Hub.  

Wednesday, October 4, 2017 

The Nigerian Stock Exchange will host industry stakeholders for its 2nd Market Data Workshop #NSEMDW2017 in Lagos.  

Thursday, October 5, 2017 

The Oil & Gas Facilities Decommissioning in Nigeria Conference 2017 will commence today in Lagos, while the Nigerian Enamelware Plc will hold its Annual General Meeting (AGM) in Abuja.

_______________________________________________________ 

 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!


Contact for Details: 

For further information, enquiry or submission of information, kindly contact market@proshareng.com and research@proshareng.com Tel: 0700 PROSHARE 


 

Latest Report 

August 2017 FAAC Allocation Report 

Latest Videos

 

  

Previous Week(s) 

1.      What To Expect From The Markets This Week - 250917

2.      What To Expect From The Markets This Week - 180917

3.      What To Expect From The Markets This Week - 110917

4.      What To Expect From The Markets This Week - 040917

Related News

1.       Adopting Fintech Is Saving UK Businesses £4.6bn, Says MarketInvoice

2.      FINMA Implements New Fintech Rules in Circular On Public Deposits With Non-Banks

3.      FIA Announces 20 FinTech Startups Chosen For Innovators Pavilion

4.      OPEC Endorses Nigeria’s Position on Oil Production Cut

5.      Riding The Energy Transition - Oil Beyond 2040

6.      PwC's Nigeria Capital Markets Update September 2017

7.      Nigerian Enamelware Plc - Late Filling of 2017 Audited

Read More  

1.       Market Records +0.03% Marginal Gain to Maintain Uptrend; Drops by -0.14% WoW

2.      Nigerian Stock Market Maintains Uptrend as NSEASI Firms Up by +0.93%

3.      Stock Market Halts Downtrend as NSEASI Inches Up by +0.44%

4.      NSEASI Closes Below 35,000bpts; Dips Further by -1.15%

5.      Nigerian Stock Market Opens The Week Negative as NSEASI Retracts by -0.37%

READ MORE:
Related News