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What To Expect From The Markets This Week- 061117

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Saturday, November 4, 2017 08:00 AM / Proshare 

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 From the Editor’s Desk 

The Federal Government revised its growth outlook downwards for both 2017 and 2018.  The recent growth projections for 2017 and 2018 stands at 1.5% and 3.5% compare to its earlier projections of 2.2% and 4.8%. However, forecasting output achieve the needed tandem between the EGRP and the MTEF in 2019, as growth projections hit 4.5% in 2019, eventually reaching 7% in 2020. The projection suggests that the Federal Government remains resolute on its growth projection but the present trajectory in output has forced a revision on the short term. Certainly, actual inflation is not far off from earlier inflation projection for 2017; moreover the fiscal side is spared the “bygone headache” associated with flawed inflation projections.  Therefore leaving inflation projection unchanged, after all oil prices has become more of a leg wind to the forecast.

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In the week ahead, precisely November 7, 2017, the presidency will present the 2018 budget before the legislature. Certainly, we do align with Kenyon Poole that the effectiveness of any stabilization policy depends largely on its fiscal policy. This will also reflect in both an increase in private contribution to gross fixed capital formation and also an improvement in the standard of living.
 

Monday, November 6, 2017

The Federal Government Savings Bond offering opens today, while the 19th Lagos Book and Art Festival themed “Eruptions: Global Fractures and our common Humanity” will hold today in Lagos. 

Lafarge Africa Plc will hold its Annual General Meeting today.
 

Tuesday, November 7, 2017

President Buhari will hold present the 2018 Budget to the House of Assembly, while the eNigeria 2017 Conference, Exhibition and Award will commence today in Abuja. 

The Nigerian Institution of Surveyors and Valuers (Lagos State Branch) Summit, the 5th Africa Information & Communication Technologies Alliance Summit and the Wapic Conference and Expo will commence today. 

The NIMR 4th International Scientific Conference and the CITC Leadership Masterclass will hold today in Lagos.
 

Wednesday, November 8, 2017

Cement Company of Northern Nigeria Plc will hold its Annual General Meeting today in Abuja.
 

Thursday, November 9, 2017    

The Capital Market Committee (CMC) Meeting will hold today in Lagos, while the Abia Commercial/Agro-Tourism Investment Forum holds in Umuahia.
 

Friday, November 10, 2017

The CMC interactive session with the media and the Nigeria Maintenance & Reliability Conference 2017 holds today. The GODP 2017 HR Technology Conference will also hold today in Lagos. 

The Chartered Institute of Bankers of Nigeria’s (CIBN) 2017 Annual Bankers Dinner; and the CFA Society Nigeria Women in Investment Management and 2017 Charter Award Ceremony will hold today in Lagos.
 

Saturday, November 11, 2017

The Association of Enterprise Risk Management Professional will hold its conference and induction of new members today. 

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 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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