Saturday, January 13, 2018 08:00 AM / Proshare
From the Editor’s Desk
In the Week ahead, the National Bureau of Statistics will make available inflation figures for the month of December 2017. Trend so far, supports an upshot in month on month inflation due to the festivities inherent with the month of December.
Thus an increase in month on month inflation is expected. Moreover, the gridlock in fuel supply in the month of December will have a knock on effect on transportation and food prices.
The upswing in core inflation was sustained for the second month in a row as it rose from 12.14% to 12.41%. The recent dynamic in core inflation has eroded earlier perception that the upswing in core inflation in the month of October was a sudden deviation. The recoil in core inflation seems to be more prevalent given the trend. Thereby an increase in headline inflation for the month of December is imminent.
Fig 1: Inflation from December 2016 to November 2017
Source: Trading Economics
In the week ahead N230.5 billion of OMO bills is expected to mature, made up of 90 days, 180 days and 364 days; at the same time amounting to N10.25 billion, N26.6 billion and N14o billion, respectively. The Central Bank will also auction OMO bill of the same amount on the same day in order to mop up liquidity.
Monday, January 15, 2018
The National Bureau of Statistics will today release the December 2017 AGO/Diesel Price, PMS/Petrol, HHK/Kerosene and Liquefied Petroleum Gas (cooking gas) Price Watch.
Flour Mills of Nigeria Plc to commence its N39.86bn ($130m) share sale to existing investors today.
Tuesday, January 16, 2018
The National Bureau of Statistics will today release the December 2017 Consumer Price Index & Inflation Report.
The Nigerian Stock Exchange will hold its 2017 Market Recap and 2018 Market Outlook today at the Exchange, just at the Chartered Institute of Bankers of Nigeria Centre for Financial Studies (CIBNCFS) in collaboration with B.Adedipe Associated Limited (BAA) holds its 4th Economic Outlook focused on the Implications for Businesses in Nigeria.
Wednesday, January 17, 2018
The National Bureau of Statistics will today release the December 2017 Transport Fare, and Selected Food Prices Watch.
The 2018 TechWomen (an Initiative of the U.S. Department of State's Bureau of Educational and Cultural Affairs) Application for citizens in Algeria, Egypt, South Africa, Nigeria and 16 other countries will close today, while the Nigerian Conservation Foundation will today hold a lecture titled “Combatting Illegal wildlife trade in West Africa: The role of environmental law and governance”.
The West Africa Energy Assembly organized by the Oil & Gas Council will commence today in Lagos.
Thursday, January 18, 2018
The Central Bank will auction treasury bills worth N230.5 billion today, just as the 90, 182 and 364 Days bills mature.
The NESG will today launch its 2018 Macroeconomic Outlook Report, while Udo Udoma & Belo-Osagie (UUBO) commences its Private Equity Summit and Fundraising and Deal Academy themed “Nigeria-Still Open for Business”
The Nigerian Stock Exchange in conjunction with Coronation Merchant Bank will today hold a public lecture themed “Pluses and Pitfalls of Derivatives Trading” with James M. Stone, Former Chairman, US Commodities Futures Trading Commission as the Speaker.
The 2018 Edition of the Nigeria Pension and Africa Finance Awards will hold today in Lagos, while the TechSummitOgun 2018 holds in Abeokuta, Ogun State.
Friday, January 19, 2018
The National Bureau of Statistics will today release Labour Force Statistics Vol. 2: Employment by Sector Report (Q1-Q3 2017), while the Lagos Traders Expo and the THINKATION Conference powered by the Ubong King Foundation holds today in Lagos.
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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