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What To Expect From The Markets This Week - 301017

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Saturday, October 28, 2017 08:00 AM / Proshare 

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From the Editor’s Desk
The Medium Term Framework for 2018 to 2020 was recently made available by the Budget Office. In line with the earlier expenditure switch policy, the Federal Government intends to maintain an average of 7.2% growth in expenditure over the period.   At the same time ensuring budget deficit to GDP is below 3%, underlining the importance to remain within acceptable bands.

 

Fig 1: Projected Budget Deficit to GDP from 2017- 2018

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Source: MTEF, Proshare Research 

In the week ahead, the Central Bank will auction 91 days, 182 days and 364 days treasury bills worth N100.84billion. Certainly the market appetite will be sustained as it provides opportunity for cash replenishing.  The maturity of commercial instruments in the week will worth the same value which will dampen the effect in the money market. 
 

Monday, October 30, 2017

The Nigerian Bureau of Statistics will today release the Q3 2017 Nigerian Telecommunications Services Sector Report, while the National Competitiveness Council of Nigeria holds a press panel discussion themed “Competitiveness: The Viable Path to Job -Rich, Inclusive Growth”.
 

Tuesday, October 31, 2017

President Muhammadu Buhari will today host the leadership of the National Assembly to dinner at the Presidential Villa while the International Law Association (Nigerian Branch) holds its 4th Annual Conference themed “The Impact of International Law on Domestic Law and Practice”.
 

The Nigerian Stock Exchange will today hold the Nigerian Capital Market Information Security Forum 2017 themed “Defending against Cybercrime: Becoming a Cyber-resilient organization” while the African Philanthropy Forum visits the Exchange and sound the closing gong.
 

BUILDMACEX an international trade exhibition for building, construction, and machinery industries will commence today in Lagos.
 

Wednesday, November 1, 2017
KPMG will today host stakeholders in the Technology Industry for its Digital Summit 2017 themed “Leading through Digital: Business Models that Exploit the Digital Opportunity”, while NECA’s Network of Entrepreneurial Women (NNEW) Summit 2017 themed “GiantStrides: Breaking Barriers” commences today in Abuja. 

The 5th Series of CVL Senior Executives Networking Session will hold today.
 

Thursday, November 2, 2017    
The Central Bank of Nigeria (CBN) is scheduled to hold a Treasury Bills (T-Bills) Primary Market Auction today, while the 2017 Lagos Chamber of Commerce and Industry (LCCI) International Investment Conference will hold today in Lagos. 

Executives of Truecaller will visit Nigeria today to launch its Developer Program, while the Nigeria Build Expo Construction & Building Exhibition commences today in Lagos.
 

The
National Competitiveness Council of Nigeria (NCCN) will today launch Nigeria’s first Sub-National Competitive Index while Stanbic IBTC SME Capacity Building Series holds. 

Friday, November 3, 2017
The Lagos International Trade Fair will commence today in Lagos, while TedxMendeWomen an independently organized TED event themed “Yes We Can Build Bridges” holds 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!
 
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