Proshare - Facebook Proshare - Twitter Proshare - Google+ Proshare - Linked In Proshare - RSS Feed

What To Expect From The Markets This Week - 250618

Proshare

Saturday, June 23, 2018 08:00 AM / Proshare Content
 

Nigeria: Economic Dashboard @ 220618

Proshare Nigeria Pvt. Ltd.

 

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

Proshare Nigeria Pvt. Ltd.

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.    
 

News Post:  DMO Publishes Q1 2018 Debt Data; Total Public Debt Stood At N22.71trn or US$74.28bn

 

Read the Full Report HERE

 Proshare Nigeria Pvt. Ltd.

 

Monday, June 25, 2018 

CFA Nigeria will this day hold a Workshop on Corporate Governance and Financial Reporting Quality in Lagos. 

What did we miss? 

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.

Proshare Nigeria Pvt. Ltd.

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!

Proshare Nigeria Pvt. Ltd. 

 

Contact for Details:

For further information, enquiry or submission of information, kindly email market@proshareng.com and research@proshareng.com Tel: 0700PROSHARE (070077674273). We are waiting to hear from you!

 
Proshare Nigeria Pvt. Ltd.

 

Latest Reports This Past Week

1.      FAAC May 2018 Report – NBS

2.     Proshare Confidential Report – May 2018  

3.      May 2018 SSS Quality Report: Equities Market Closes Red as NSE Proposes Growth Board Listing Rules


 

Latest Videos This Past Week

 Proshare Nigeria Pvt. Ltd.    Proshare Nigeria Pvt. Ltd.   Proshare Nigeria Pvt. Ltd.

 

View More Economy, Business, Finance, Investment, Creative Art Videos from WebTV Here

 Proshare Nigeria Pvt. Ltd.

Previous Week(s) Market Outlook  

1.      What To Expect From The Markets This Week - 180618

2.     What To Expect From The Markets This Week - 110618

3.     What To Expect From The Markets This Week - 040618

4.     What To Expect From The Markets This Week - 280518

 

 Proshare Nigeria Pvt. Ltd.

Related News

1.       CFA Nigeria Holds Workshop On Corporate Governance and Financial Reporting Quality on June 25

2.      IMF Mission Team to Engage Fintech Nigeria on June 29, 2018

3.      Market Extends Five-Day Losing Streak as NSEASI Dips by -0.76%

4.      NSEASI Sheds -1.17% to Sustain Downtrend as YTD Return Again Hits Negative Territory

5.      Stock Market Extends Negative Trend as NSEASI Dips Further by -0.15% Amid Positive Breadth

6.      Nigeria’s Equities Market Extends Losing Streak to Open The Week Negative as NSEASI Dips by -0.68% 

Proshare Nigeria Pvt. Ltd.

Read More - The Monthly Proshare CONFIDENTIAL   

1.       POCKET Economics: Addressing Income Inequality

2.      The Silent Drug Epidemic: A Gathering Storm

3.      Judging IMF’s Position on Development Indices

4.      Money Market: The Folk Road

5.      The Headache of Missing Targets

6.      2018 Outlook on the Nigerian Economy: The Need for an Even Keel

7.      Nigeria External Economy and the White Noise of Import Dependency

8.     States and the Rising Weight of Debt

9.      Money Supply: Reeling from Policy Response

10.  How Rail and Energy Will Deliver a Robust Economy for Nigeria

11.   Too Big Government: The Hysteria of Developmental Quagmire

12.  The Nigerian Debt Conundrum and the Need for Automatic Stabilizers 


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News