Saturday, June 23, 2018 08:00 AM / Proshare Content
Nigeria: Economic Dashboard @ 220618
From the Editor’s Desk
According to the Debt Management Office of Nigeria, the federal government domestic debt stock as at March 2018 stood at N12.576 trillion. This reflects a slight decline in government domestic debt from 12.58 trillion at the end of the year 2017 to N12.57 trillion.
The late passage of the budget coupled with government intention to circumvent the domestic money market for the external debt down played domestic debt stock. With the recent passage of the budget an upbeat in supply regarding domestic debt will take place.
Federal government bond rose slightly from N8.715 to N 8.915 trillion making up 71.32% of the total domestic debt stock government. This shows a 2.9% increase compared to the previous quarter.
Treasury bills at the end of the first quarter of 2018 stood at N3.312 trillion, making up 26.34% of the total debt stock, and reflective of a 7.4% dip when compared to the previous quarter. The dip affirms government policy to shift from short term security to long term debt instruments.
Fig 1: Domestic Debt Stock
Source: Debt Management office
In addition, the Federal Government Savings bond at the end of the first quarter of 2018 rose from N7.169 trillion to N7.8 trillion, reflective of a 8.9% increase, while the green bond and Sukuku stood at N10 billion and N100 billion, respectively.
Monday, June 25, 2018
CFA Nigeria will this day hold a Workshop on Corporate Governance and Financial Reporting Quality in Lagos.
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Tuesday, June 26, 2018
The Lagos State Safety Commission will this day host the Lagos Vision Zero Conference 2018 with the theme “A Mindset Change towards Zero Harm”, while the 5th NICONEX International Expo kicks off on the same day in Lagos.
Wednesday, June 27, 2018
The 2018 Nigeria/International Monetary Fund Staff visit exercise at the instance of the Federal Government of Nigeria is scheduled to commence this day.
Newrest ASL Nigeria Plc, Capital Hotel Plc, Mutual Benefits Assurance Plc, and Secure Electronic Technology Plc will hold their Annual General Meeting this day.
The 12th NBA-SBL Business Law Conference will hold this day in Abuja with the theme “Bringing Down the Barriers: The Law as a Vehicle for Intra Africa Trade”, while the Women in Finance (WIF) Nigeria Breakfast Meeting and Induction Ceremony holds in Lagos.
The Nigeria Hotel and Tourism Investment Conference (NHTIC) 2018 will kick off this day in Lagos.
Thursday, June 28, 2018
The Annual General Meeting of the Institute of Directors (IoD) Nigeria, 11 Plc, BOC Gases Plc and Cement Company of Northern Nigeria Plc will all hold this day in Lagos.
2018 CIBN Annual Lecture will hold this day in Lagos with the theme “Finance and the Challenge of Economic Development in Nigeria”, while the Chartered Institute of Personnel Management of Nigeria (CIPM) holds its 10th Special Human Resource Forum.
The National Bureau of Statistics is scheduled to release the Rail Transportation Data for Q3 & Q4 2017 on this day.
Friday, June 29, 2018
The Nigerian-American Chamber of Commerce will this day commence a 2-Day Practical Agro-Commodity Export Masterclass in Lagos, while the Hospitality Industry Conference holds on the same day with the theme “The New Frontier for Hospitality Enterprises”.
The National Bureau of Statistics is scheduled to release the Crime Data – Drug Abuse Enforcement Report for 2017 on this day.
The IMF Mission Team will this day engage the Fintech Association of Nigeria.
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