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What To Expect From The Markets This Week - 240717

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Saturday, July 22, 2017 08:00 AM / Proshare 

Economic Dashboard 

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From the Editor’s Desk 

The most recent monthly economic bulletin of the apex bank showed that claims against the federal government stood at N4.82 trillion, reflective of a 12.3% dip compared to the previous month. The fall in claim against the federal government was a product of 1.6% dip in claims against federal government held by banks. The claims against the federal government to broad money stood at 0.22, while net foreign asset rose from N7.267 trillion to N8.54 trillion, which is reflective of a 17.42% dip in total net foreign asset. The increase is largely attributed to the rise in central bank’s net foreign asset. Even though net foreign asset of commercial banks rose from N75 billion to N302 billion, regardless net foreign asset of banks remain distant- off compare to previous levels in 2014. Overall, net foreign asset to broad money ratio stood at o.38.
 

Figure 1: Net Foreign Asset and Claims against Government

 

 

Source: CBN Proshare 

On Monday July 24, 2017, the Monetary Policy Committee will have its first meeting in the second half of 2017. The persistent increase in unemployment, especially with youth unemployment standing at 25% coupled with lingering out gap makes it important for the committee to adopt a more multi enforcing approach whereby multiple indicators are being taken into consideration, especially unemployment 

Monday, July 24, 2017 

The 257th Meeting of the Monetary Policy Committee (MPC) is scheduled to commence today, while the National Bureau of Statistics releases the 2015/16 National Corruption Perception Survey report today. 

Stanbic IBTC ETF 30 and Pension ETF 40 will be marked down today having both declared a dividend of 143 Kobo.                

 Tuesday, July 25, 2017 

The ICT Expo 2017 focusing on “The Digital Economy: Strategies for growth in a connected world” and the National Inland Waterways Authority (NIWA)'s International Conference and Exhibition will hold today in Lagos. 

The International Workshop on Applications of ICT in Educations, Healthcare & Agriculture will commence today in Abuja, while the National Bureau of Statistics will release the Q2 2017 Electricity Generation and Distribution Report today.

Wednesday, July 26, 2017 

The 22nd Annual General Meeting of the members of Niger Delta Exploration and Production Plc, the Nigerian Aviation Handling Company Plc and Smart Products Plc will hold today. 

Thursday, July 27, 2017 

The American Chamber of Commerce July 2017 Breakfast Meeting as well as the Coworking Conference 2017 will hold today. 

The Annual General Meeting of Continental Reinsurance Plc, RTBriscoe Plc and Studio Press Nigeria Plc will hold today. 

Friday, July 28, 2017   

The National Bureau of Statistics will release the Q2 2017 Electronic Payment Channels in the Nigerian Banking Sector and Financial Services Data 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 

 

 

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