What To Expect From The Markets This Week- 181217

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Saturday, December 16, 2017 08:00 AM / Proshare 

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 Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

 

From the Editor’s Desk

In the week ahead the National Bureau of Statistics will 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.
 

Fig 1: Month on Month Inflation
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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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 Proshare Nigeria Pvt. Ltd.


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