What To Expect From The Markets This Week - 080419

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Saturday, April 06, 2019 08:00 AM / Proshare Content


Nigeria: Economic Dashboard @ 050419  

 

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Editor’s Pick

  

 Source: Vetiva Fixed Income Report– April 05, 2019 

 

Market Commentary

With the CBN holding off on OMO auctions today, system liquidity improved mildly. On the back of this, the Interbank Call rate declined 442bps to settle at 15.29%.
 
Driven by improved liquidity, trading in the secondary T-bills market turned positive, with buy interest prevalent across the space. Overall, yields declined 7bps on average. Meanwhile, the treasury bills market was mixed with a positive tilt for the week, with yield declining 13bps on average w/w. Similarly, the bond market was mildly bullish, with notable declines on mid-dated bonds and flat trading in the long end of the space. Overall, yields on benchmark bonds declined 2bps on average. Despite this, the bond market trended negative for the week, advancing 24bps on average w/w.
 

Market Outlook 

In line with recent trend, we do not foresee an OMO auction on Monday and expect buy interest in the treasury bills market. Similarly, driven by attractive bond yields, we anticipate continued demand in the bond market, albeit milder.

 

 

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Monday, April 08, 2019

The 3rd Lagos NASSI (MSME) Trade Fair will hold on this day with the theme:  Expanding the frontiers of MSME through Market Access while the Lagos Theatre Festival will hold on the same day.

 

 

Tuesday, April 09, 2019

The Institute of Directors Nigeria Members Evening will hold on this day with the theme: Business Outlook for 2019 at the IOD Secretariat, 28 Cameroon Road, Ikoyi, Lagos while the Lagos Business School and Insight2Impact Seminar and Networking Event on Digital platforms and the future of financial services in Nigeria will hold at the Lagos Business School, Lekki-Epe Expressway, Ajah – Lagos.

 

The Nigeria Energy Forum 2019 will on this day hold with the theme Upscaling Clean Energy for Sustainable Development while the IPMA & PMDAN Regional Project Management Conference 2019 will hold on the same day at Radisson Blu Ikeja, Lagos.

 

 

Wednesday, April 10, 2019

Meristem Securities Limited will on this day hold a training on Understanding Financial Markets while Economic Associates will on the same day hold a One - Day Conference on Nigeria's Economic Outlook at Radisson Blu Hotel and Anchorage, Ozumba Mbadiwe Avenue, Victoria Island, Lagos.

 

The Future of Digital Payments in Nigeria will hold this day hold at Oriental Hotel 3, Lekki- Epe Expressway Victoria Island Lagos.

 

Thursday, April 11, 2019

The Accion Africa Board Fellowship Program will on this day hold the Accion Global Leaders Fellowship at Cape Town, South Africa.

 

The National Bureau of Statistics will on this day release the Nigerian Domestic and Foreign Debt 2018 Report while the Health & Safety & Environment Summit 2019 holds on the same day at Habour Point, 4, Wilmot Road Off Ahmadu Bello Way Victori Island, Lagos.

 

The Africa Institution for Leadership and Public Administration (AILPA) will on this day hold an event with the theme Africa New Culture of Innovation at University of Lagos while the EnIPRO Career Summit & Recruitment Fair 2.0 holds on the same day at the Main Auditorium University of Lagos.

 

FinTech Association of Nigeria will on this day hold its Annual General Meeting /Social Meet at the Stock Exchange House 2/4 Customs Street, Marina while the  Nigerian-British Chamber of Commerce will on this day hold a training on BFM – Growing Your Business Beyond You at the Oriental Hotel 3, Lekki- Epe Expressway Victoria Island Lagos. 

 

 

Saturday, April 13, 2019

The Institute of Chartered Accountants of Nigeria will on this day hold its 2019 Annual Dinner & Awards at Eko Hotel Convention Centre while the International Youth Summit 2019 will hold same day with the theme:  Ending Youth Slavery & Economic Development in Africa at University of Lagos.

 

 

  

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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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Contact for Details:

For further information, enquiry or submission of information, kindly email market@proshareng.com and research@proshareng.com Tel: 0700PROSHARE (070077674273). Call us NOW!

 

 

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Latest Reports This Past Week

1.      5.32bn Litres of PMS Imported Into Nigeria in Q4 2018 - NBS

2.      Nigeria Produced 55.85m Tonnes of Solid Minerals in 2018 - NBS

3.      8.41m Workers Are Registered Under The Pension Scheme As At Q42018 - NBS

4.      Average Price of 1kg of Yam Tuber Decreased By -2.24% MoM to N206.48 in February 2019 - NBS

 

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Previous Week(s) Market Outlook 

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