Saturday, September 08, 2018 08:00 AM / Proshare Content
Nigeria: Economic Dashboard @ 070918
From the Editor’s Desk
The (NBS), recently published the merchandize trade report for the second quarter of 2018. The total value of trade at the end of the period stood at N6,596 billion which reflects a 8.89% decline. Total merchandize to GDP fell from 25.5% at the end of the first quarter of 2018 to 22.5% at the end of the second quarter.
Fig 1: Total Trade to GDP
Total exports for the period stood at N4.463 billion, underlining a 4.9% dip when compared to the previous quarter. This dynamic was as a result of a 25.98% fall in solid mineral exports combined with a 83.9% fall in manufacturing.
The underline reality further accentuated the degree of export concentration, as oil export to total export increased from 66.4% at the end of the first quarter of 2018 to 71.4% at the second quarter of 2018.
Fig 2: Oil export to total export
However, total import at the end of the second quarter of 2018 stood at N2,106 billon, thus reflecting a 16.67% decline when compared to the previous. Holistically, there was a broad decline, more importantly is that it that shows growth so far has failed to trigger import induced demand.
Monday, September 10, 2018
will on this day release the 2017 Post Measles Campaign Coverage and the 2017/18 Sector Survey Report for the Creative Industries, Manufacturing, Solid Minerals and Mining and the Transport and Storage Sector.
Honeywell Flour Mills Plc will on this day be marked down by the NSE having declared a dividend of N 0.06 in the preceding week, while the Lagos Aviation Academy will this day hold its IATA Foundation in Travel & Tourism programme.
China’s Inflation Report for August 2018 will be released on this day, while the United Kingdom releases its GDP, Industrial Production and Trade Balance Report for July 2018.
The 43rd Meeting of the Technical Committee of West African Monetary Zone (WAMZ) will kick start this day in Abuja.
Tuesday, September 11, 2018
The CIBN Annual Banking and Finance Conference 2018 will commence on this day in Abuja, just as the Financial Markets Dealer Association (FMDA) ACI Dealing Certificate Workshop commences on the same day in Lagos.
The ISACA Abuja Chapter will this day commence its 10th Annual Conference, while the 7th edition of the Northern Nigeria International Agribusiness Summit (NONIAS) kicks off in Kano.
The British Nigeria Law Forum (BNLF) will on this day launch the Family Law Network Recent developments in Family Law: Focus on UK and Nigeria
The United Kingdom will this day release its Unemployment Rate for July 2018, while the European Union releases its Unemployment Change Report for Q2 2018.
Wednesday, September 12, 2018
this day be marked down by the NSE having declared an Interim dividend of N 0.25 and N0.20 in the preceding week
Thursday, September 13, 2018
The will this day release its AGO, LPG, HHK and PMS Price Watch Report for August 2018.
Tripple Gee & Company Plc will on this day hold its Annual General Meeting in Lagos.
The 37th Meeting of the Committee of Governors of the West African Monetary Zone (WAMZ) will hold this day in Abuja, while the National Building Energy Efficiency Code (BEEC) Workshop by GIZ holds on the same day.
The 5th Annual Memorial Lecture in honour of His Excellency, Dr. Olusegun Kokumo Agagu (CON) holds this day in Lagos.
The UK and ECB Monetary Policy Meeting will hold on this day, while Australia will release its unemployment rate report for August 2018, just as the United States and France release their Inflation Report for August 2018.
Friday, September 14, 2018
The will this day release its CPI and Inflation Report
The 40th Meeting of the Convergence Council of West African Monetary Zone (WAMZ) will commence on this day in Abuja.
Italy will this day release its Inflation Report for August 2018, while the US and Japan release their Industrial Production Report for August and July 2018, respectively; and E.U its trade balance report for July 2018.
Saturday, September 15, 2018
The will this day release its Selected Food Prices and Transport Fare Watch Report for August 2018.
The Nigerian Stock Exchange Corporate Challenge to Fight Cancer will hold on this day in Lagos.
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