Saturday, December 16, 2017 08:00 AM / Proshare
From the Editor’s Desk
the week ahead the National
Bureau of Statisticswill make available the
inflation figures for November 2017. In October 2017, core inflation rose from
12.12% to 12.4%, as it became less predictable compared to earlier trend. Month
on Month inflation has been on a downward trajectory due to the Central Bank’s
dynamic sterilization, regardless of the festive period drawing closer. This
could reverse earlier downward trend in month on month inflation. Certainly, it
will be more of a one time-off. However, Nigeria’s month on month
inflation remains on the uptrend compare to many countries in Africa.
1: Month on Month Inflation
Source: Trading Economics
Evidently the strong remittances from abroad in the fourth quarter will largely improve foreign exchange supply and in return relax imported inflation a bit. Food inflation will remain a concern as it is largely driven by push factors. However headline inflation is expected to slip, given the transitory nature of legacy goods.
Monday, December 18, 2017
The Federal Government will Issue its Debut Green Bond to the Domestic Market from today. The Association of Enterprise Risk Management Professionals Workshop on Enterprise Risk Management and Compliance will commence today, just as PwC Nigeria’s Finance & Accounting Academy commences its week long training.
Tuesday, December 19, 2017
The National Bureau of Statistics will today release the October 2017 Consumer Price Index & Inflation, AGO/Diesel Price, PMS/Petrol, HHK/Kerosene, Transport Fare, Liquefied Petroleum Gas (cooking gas) and Selected Food Prices Watch.
Wednesday, December 20, 2017
The RFB Research International Inc. training on Due Diligence Report Preparation, Due Diligence Writing and Methods of Due Diligence will commence today in Lagos, just as the Asia Hedge Fund Association commences its IFRS 9 with Basel III Capital Regulations training.
Thursday, December 21, 2017
Treasury bills worth N66.617billion will mature today, while the 2nd Lagos PR Industry Gala & Awards (LAPRIGA) will hold today in Lagos
Friday, December 22, 2017
The UACN Rights Issue raising worth N14.5billion will close today.
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Previous Week(s)1. What To Expect From The Markets This Week- 111217