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What To Expect From The Markets This Week - 120617

Proshare

Saturday, June 10, 2017  8:00AM / Proshare 

Economic Dashboard 

 

Weekly_FX_Table 9TH JUNE  

From the Editor’s Desk 

The Loan to Deposit ratio of deposit money banks fell by o.5% to reflect a ratio of 74.9 at the end of 2016.  Regardless the existing ratio remains high and similar to that of the 2010 episode. Thus it poses a risk to the regulatory micro prudential threshold of 8o. Certainly such levels do not only exacerbate pro-cyclical lending and surfeit liquidity, it could trigger systemic risk.  Therefore improved vigilance and supervision by the apex bank is necessary at this point.
 

Fig 1: A graphical illustration of present loan to deposit and required micro prudential threshold

 

               

 

 

   Source: CBN Proshare Research 

 

The National Bureau of Statistics will make available inflation figures for the month of May in the week ahead. It is expected that inflation will largely maintain its downward trend, even though food inflation have been largely reluctant to travel southwards. Trend so far, implies that softening in inflation will be driven by both base effects and continuous dwindling   in seasonality effect.

Monday, June 12, 2017 

The first training from the X-Academy, titled Legal and Risk Aspects of Derivatives and Central Counterparty Clearing (CCP) Transactions, is scheduled to commence today at the Civic Center, Lagos; while Omoluabi Mortgage Bank Plc visits the Nigerian Stock Exchange and address stakeholders with a Facts behind the Figures presentation. 

Information Technology Developers Entrepreneurship Accelerator, iDea Nigeria, in partnership with CFAtech.ng, will host a “Product Development Workshop” in Ikeja to provide practical insights on how to stop scaling before finding product-market fit and problem-solution fit. 

NPF Microfinance Bank Plc and Beta Glass Plc will be marked down today, having proposed a dividend of 15kobo and 98kobo, respectively.

Tuesday, June 13, 2017 

The Federal Republic of Nigeria will today commence the series of investor meetings in the United Kingdom, the United States and Switzerland with respect to the global offering of its first Diaspora Bond.  

The 17th edition of the CBN Cashless CardExpo Africa centered on presenting an encompassing worldview for the emerging approaches to payment and enterprise will commence today in Lagos, while the National Mining Summit (ConMin West Africa) holds in Abuja. 

The Construction & Real Estate Group Seminar powered by the Nigeria-British Chamber of Commerce will hold today to discuss the theme “Navigating Tax issues in the Real Estate Transactions”; as well as the Agrique Africa Investment Mission to Nigeria focusing on agribusiness investment opportunities and the Nigeria International Trade and Investment Conference (NITIC). 

CAP Plc will hold its Annual General Meeting today, while Deloitte’s Training focusing on Tax Audits and Investigation –Practical Approach to Minimizing and Resolving Disputes holds.

Wednesday, June 14, 2017 

The National Bureau of Statistics will today release the statistics on the Q1 2017 VAT by Sector, External Trade Intensity and Re Export Analysis and the Nigerian Domestic and Foreign Debt. 

The Annual General Meeting of the Central Securities Clearing System Limited (CSCS) and UAC of Nigeria Plc will hold today. 

Thursday, June 15, 2017

The National Bureau of Statistics will today release the Q4 2016 Job Creation and Labor Force Survey and the May 2017 Consumer Price Index & Inflation, AGO/Diesel Price, PMS/Petrol, HHK/Kerosene, Transport Fare, Liquefied Petroleum Gas (cooking gas) and Selected Food Prices Watch. 

Dr. Ayo Teriba will today share Analytical Insights during the Economic Associates One-Day Quarterly Conference on Nigeria’s Economic Outlook, while the CIBN 2017 Annual Lecture themed "National Integration, Citizenship and the Challenge of Economic Policy Making" holds. 

The Retail Leaders Conference (TRLC) a gathering of local and international retail thought and practice leaders will hold today in Lagos. 

Julius Berger Nigeria Plc, Japaul Oil & Maritime Services Plc and Cornerstone Insurance Plc will hold their Annual General Meeting today. 

Friday, June 16, 2017 

The third annual NSE Bloomberg CEO Roundtable themed, “Innovating Out of Nigeria’s Recession: Exploring New Paradigms for Nigeria’s Economic Growth” will hold today at the Exchange. 

Ecobank Transnational Incorporated and Cadbury Nigeria Plc will hold their Annual General Meeting today. 

Saturday, June 17, 2017 

The Lagos Digital Marketing Training will hold at the LCCI Exhibition Hall.

_________________________________________________________

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! 

June 11th - 17th  

Contact for Details:

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

 

TheAnalyst-Subscription-LB  

 

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