Saturday, June 24, 2017 08:00 AM / Proshare
From the Editor’s Desk
Currency outside banks at the end of 2016 rose from N1.456 trillion to N1.820 trillion. Thereby reflecting a rise of 23% and 25% compared to the previous quarter. Eventually bolstering the intermediation efficiency ratio from 0.051 t0 0.729 compare to previous periods of downward tilt in the ratio. It is important to highlight that a stronger level of intermediation efficiency ratio will not only be needed to pull the macro end out of a recession but also provide the needed spring board for private capital formation. Evidently the inability to improve private capital and appropriate investment has allowed inflation to be stirred substantially by non –monetary factors.
While the standing lending facility provided by the Apex bank to deposit money bank at the end of the period rose from 11.864 trillion to 13 .007 trillion. Thus reflecting a 9.2% increase in standing facility compared to the previous. The persistent rise in standing lending facility (SLF) by deposit money banks flag the red light of a liquidity squeeze in the system.
Monday, June 26, 2017
Fidson Healthcare Plc, eTranzact International Plc, Aluminium Extrusion Industries Plc, and MRS Oil Nigeria Plc will be marked down from today till June 30, 2017 having proposed a dividend of 5 Kobo, 10 Kobo, 8.5 Kobo and 173 Kobo, respectively.
Wednesday, June 28, 2017
The Centre for Values in Leadership will hold its 38th CVL Leader without Title Leadership Tribute Colloquium with the theme “Have Nigerian Parastatals Delivered on Their Promises?” today while top Management staff of International Breweries visits the Exchange and sound the Closing Gong.
Thursday, June 29, 2017
The National Bureau of Statistics will release the Q1 2017 Unemployment and Underemployment Watch today.
Friday, June 30, 2017
ThistlePraxis Consulting Limited - a Strategy and Assessment Consulting Firm will formally present “the State of CSR in Nigeria: 2016 Review” to CSR/Sustainability professionals today.
Initiates Plc will hold its Annual General Meeting today.
The National Bureau of Statistics will release the Q4 2016, Q1 2017 Tourism Satellite Acccounts, the Q1 2017 Producer Price Index, the Q1 2017 Labor Productivity Report, and the Q4 2016 Online Recruitment Service Report today.
Saturday, July 1, 2017
The 4th edition of the Nigerian Stock Exchange Corporate Challenge tagged “Erace Cancer 2.0” will hold today.
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!
Contact for Details:
Proshare Confidential June 2017