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What To Expect From The Markets This Week - 180917

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 Saturday, September 16, 2017 08:00 AM / Proshare

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From the Editor’s Desk 

Recently, the National Bureau of Statistics released the Inflation figures for August 2017.  Core inflation eased marginally from 12.30% in July to 12.20% for the month of August, maintaining its downward trajectory.  Food inflation dropped from 20.28%   in the month of July to 20.25% in the month of August.  Despite the drop, Nigeria is still one of the countries with the highest food inflation in Sub-Saharan Africa, along with Angola, Egypt and South Sudan.   

Moreover headline inflation slimed down at a slower pace from 16.05% in July to 16.01% in August, indicating the exhaustion in base effect and growing weight of the food sub sector on the entire inflation composite.

Fig 1: Month on Month Inflation for October 2016 to August 2017 

Source: NBS, Proshare Research


Monday, September 18, 2017
 

The Debt Management Office (DMO) will today issue its Sovereign Sukuk for N100billion while Nigerian Enamelware Plc will be marked down today having declared a bonus of 1 for 5.  

The Nigeria International Power Expo & Conference will commence today in Abuja, while the Nigeria Food Fair 2017 holds in Lagos. Phillips Consulting Limited’s 3day Advanced Financial Modelling and Forecasting training will commence today.

Tuesday, September 19, 2017 

President Buhari will today address the 72nd session of the United Nations General Assembly in the United States. 

The Lagos Chamber of Commerce and Industry (LCCI) 2day Workshop On “Competing For Profitability: Global Trends In Hospitality, Travels & Tourism” will commence today in Ikeja, Lagos while the Nigeria Real Estate Summit and Expo (NIRESE) 2017 with the theme “Innovate, Collaborate and Grow” holds in Victoria Island, Lagos. 

Propak West Africa a 3day event to showcase products from Plastic, Packaging Materials, Printing & Publishing industries will commence today in Lagos, while the AIAMP 2017 Training Programme on Professional Trust Management & Bonds Investment Mechanics holds. 

Wednesday, September 20, 2017 

The 11th Enterprise Development Centre (EDC) Annual SME Conference themed “Re-evaluate, Re-Strategize and Reposition: Road to Economic Recovery”, will hold today at the Lagos Business School. 

Registration to enter for the Nokia Open Innovation Challenge for StartUps and Innovators 2017 will close today.

Thursday, September 21, 2017

Sovereign Trust Insurance Plc and Standard Alliance Insurance Plc will hold their Annual General Meeting today in Lagos. 

Friday, September 22, 2017 

The September 2017 Breakfast Meeting of the Nigerian American Chamber of Commerce and the Annual General Meeting of Honeywell Flour Mills Plc will hold today in Lagos. 

The Association of Enterprise Risk Management Professionals will commence its Workshop on Managing Risks in Microfinance Institutions (MFBs & MFIs) today. 

The Registration for the Andela Nigeria Paid Fellowship for Nigerian Tech Students 2017 will close today.

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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 contact market@proshareng.com and research@proshareng.com Tel: 0700 PROSHARE 
 

 

 

 

Latest Reports

August 2017 CPI Report - NBS   

August 2017 Selected Food Price Watch Report - NBS

The Nigerian Capital Market Service Report – August 2017 

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