Saturday, March 3, 2018 08:00 AM / Proshare
From the Editor’s Desk
Certainly, the previous week was one characterised with flurry of economic data, intriguingly all of them were leading indicators; thus providing foresight on the macro picture. One of such was the Capital Importation Report.
The recently published data by the National Bureau of Statistics stated that foreign portfolio investment rose from $2.767 billion in Q3, 2017 to $3.4775 billion in Q4 2017; thereby reflective of a 20.7% increase in foreign portfolio inflow compared with the previous; thus aligning with the boost in autonomous inflow.
In the same vein, foreign direct investment which captures investment in real asset grew from $117.6 million in Q3 2017 to $378 million in Q4 2017. Other investment rose from $1.2 billion in Q3 2017 from Q3 2017 to $1.5 billion, suggesting a 24% increase in other investment compare to the previous quarter.
Fig 1: Capital Importation
Therefore, the total capital importation rose from $4.14 billion in Q3 2017 to $5.28 billion in Q4 2017, reflective of a 27% increase compared to the previous quarter. Evidently, the improvement in capital importation will improve overall external economy as it injects impetus to both financial and goods account. At the same time there is need to double foreign direct investment given its long term effect on output expansion and job creation.
Monday, March 05, 2018
The Conference on Renewable Energy Development in Africa will commence today in Ibadan with the theme “Renewable Energy Development in Africa: Interface of Technology, Economics and Policy”.
The Global Women in Data Science Conference by Stanford University, ICME will hold today at the Co-Creation Hub, while the Technology and Innovation Expo 2018 commences in Abuja today with the theme “Fast Tracking Sustainable Development of Nigeria through Science and Technology”
Tuesday, March 06, 2018
The United States (U.S) Secretary of State, Rex Tillerson will today commence his visit across five African Countries including Nigeria.
General Electric’s (GE) advanced manufacturing skills training program for entrepreneurs (the GE Lagos Garage) is scheduled to take off in Lagos, today, while the AfricaBuild Lagos 2018 holds at the Landmark Centre.
The FMDQ OTC Securities Exchange will today host the Listing Ceremony for the Viathan Funding PLC Bond (the pioneer power bond listing in Nigeria), while the World Press Conference on Nollytainment Launch will hold today as well as the Worldview Education Fair 2018.
Wednesday, March 07, 2018
The National Bureau of Statistics will release the Pension Asset and Membership Data for Q4, 2017 today. Nigerian Breweries Plc and Transcorp Hotel Plc will be marked down today having declared a dividend of N3.13k and N0.1245, respectively.
The African Takaful Awards will hold today in Abuja.
Thursday, March 08, 2018
In celebration of International Women’s Day, the Sustainable Stock Exchanges Initiative will host a bell ringing ceremony to raise awareness of the pivotal role the private sector can play in advancing gender equality to achieve the UN’s Sustainable Development Goal.
The Annual General Meeting of Vitafoam Nigeria Plc will hold today, while the Lagos State Chapter of the Nigerian Institute of Public Relations holds a Summit in commensuration of the International Women Day, just as the first MEET-A-WISCAR (Women in Successful Careers) series for the year holds Lagos.
Friday, March 09, 2018
The National Bureau of Statistics will release the Annual Postal Services Data 2017 today, while the Lagos Chamber of Commerce and Industry (LCCI) host a Public Private Dialogue on “The New Land Use Charge Law in Lagos”.
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Related News1. Nigeria’s Merchandise Trade Declined Marginally QoQ but Increased YoY for Q4 2017