Saturday, August 26, 2017 08:00 AM / Proshare
From the Editor’s Desk
The FMDQ recently published its market report for the month of July 2017. According to the report, the turnover in fixed instrument for the month of July stood at N6.24trillion, which reflects a 23% increase in value, compare to the previous month. The value of treasury bills traded within that particular period stood at N5.64 trillion, which was an uptick of 27.79%. Turnover on treasury under the period of review constituted 90% of the total turnover, as investors took advantage of the high yield.
The value of outstanding treasury bills shot up by 10.09% to hit N9.06 trillion compare to N8.07 trillion in the month of June. On the other hand, outstanding value of fixed instrument rose faintly by 1.12% to reach N7.12 trillion. The value of trade carried within the Import and Export window was valued at $1.85billion, which reflected a 11.89% increase compared to $1.32 billion traded in the month of June.
The total value of trade carried out within the import and export corridor from the month of May to July stood at $4.8 billion. As the import and export corridor consistently grease the market with dollar liquidity.
Fig 1: Activities carried out within the FMDQ from April to July 2017
Source: FMDQ, Proshare Research
The National Bureau of Statisticswill make available inflation figures for the month of July on Monday, August 28, 2017. Certainly the base effect has largely been exhausted; regardless core inflation will maintain a downward dive. Exhaustion in earlier base effect coupled with an existing trend of stubborn food inflation, has made the headline more prone to inertia.
Monday, August 28, 2017
The Honorable Minister of Science and Technology, Mr Ogbonnaya Onu will visit the Nigerian Stock Exchange to commission the newly built data center and sound the closing gong today.
The National Bureau of Statistics will today release the July 2017 Consumer Price Index & Inflation, AGO/Diesel Price, PMS/Petrol, HHK/Kerosene, Transport Fare, Liquefied Petroleum Gas (cooking gas) and Selected Food Prices Watch.
Lagos State will commence the second Micro, Small and Medium Enterprises Exclusive Fair today at the Teslim Balogun Stadium.
Tuesday, August 29, 2017
Top Management Staff of Standard Alliance Insurance Plc will visit the Exchange today for a “Facts behind the Figures” presentation, while the Lagos State chapter of the Nigerian Institute of Public Relations (NIPR) will hold its fourth stakeholders’ conference.
Equity Assurance Plc’s Annual General Meeting will hold today in Lagos, while AIAMP holds its training Programme on “Risk Management Mechanics in Financial Institutions”.
Ventures Platform Ecosystem Dialogue Series will commence today in Abuja, as well as the Lake Chad Basin Commission International Conference 2017.
Wednesday, August 30, 2017
The Ondo State governor, Arakunrin Oluwarotimi Akeredolu (SAN) will today swear in 18 Commissioners of the State.
The Nigeria Pharma Manufacturers Expo and the EduCamp2017 & EDUFAIR themed “People, Purpose & Passion: The Pathway to Success” will commence today in Lagos.
The 7th Power, Steel & Housing Exhibition and Conference organized by West African Exhibitions and Conferences, as well as the Upstream & Downstream Oil & Gas Conference & Expo focusing on “Nigerian Content with Technological Advancement” will commence today.
Thursday, August 31, 2017
Redstar Express Plc Annual General Meeting will hold today in Lagos.
Friday, September 1, 2017
SEED Conference 2017 themed SME reset (Thriving in Economic Storm) will hold today in Lagos
Contact for Details: