Saturday, August 25, 2018 08:00 AM / Proshare Content
Nigeria: Economic Dashboard @ 240818
From the Editor’s Desk
Recently, the National Bureau of Statistics published the Q2 2018 Capital Importation Report. According to the report, Foreign direct investment rose from $246 million in the first quarter of 2018 to $261million at the end of second quarter of 2018, reflecting a 5.97% uptick in foreign direct investment streamed largely from a 3.69% growth in equity.
Portfolio investment fell from $4.565 billion in the first quarter of 2018 to $4.11 billion at end of the second quarter of 2018. The decline in foreign portfolio investment was largely due to a 24.48% drop in money market instrument. Thus, money market instrument stood at $2.67 billion in Q2 2018, making it 48% of total capital importation and 64% of total foreign portfolio investment.
Holistically, capital importation at the of the second quarter slipped by 12.53% from $6.3 billion in the first quarter of 2018 to $5.13 billion.
Fig. 1: Capital importation
In the week ahead, the Bureau will publish the National Account for the second quarter of 2018, the relatively lag in fiscal spending and rising supply shocks to the agricultural sector still leaves the national account in a position of slack.
Sunday, August 26, 2018
The Nigerian Bar Association will this day hold its 58th Annual General Conference themed “Transition, Transformation and Sustainable Institution” in Abuja.
Monday, August 27, 2018
The will this day release the Nigerian Gross Domestic Product by Output Report for Q2 2018.
The International Telecommunication Union will this day hold a Human Capacity Building Workshop titled “Strengthening capacities in Internet governance in Africa” in Abuja, while the FoodBext West Africa & F&B Conferences holds in Lagos.
Tuesday, August 28, 2018
The will this day release the Road Transport Data for Q2 2018, while holds its Annual General Meeting in Lagos.
Japan’s BOJ CPI (YoY) Report will be released this day, just as the United States releases its July 2018 Trade Balance Report and France its August 2018 Consumer Confidence Report.
Wednesday, August 29, 2018
will be marked down this day by the NSE having declared an interim dividend of N1.00 in the preceding week.
The Nigeria International Women Exhibition 2018 will hold this day in Lagos with the theme “Giant Stride for Women Entrepreneurs”, just as the 2018 Edition of the Nigerian International Print Expo holds.
Japan’s Household Confidence Report for August 2018 will be released this day, just as the United States releases its GDP Price Index Q2, 2018 Report.
Thursday, August 30, 2018
, , , and will this day hold their Annual General Meeting in Lagos.
DCSL Corporate Services Limited’s Board Effectiveness Masterclass will hold this day with the theme “Strategic Leadership - The Role of the Board”, while the Nigerian American Chambers of Commerce (NACC)’s and the Nigerian South African Chamber of Commerce (NSACC) Breakfast Meeting holds on the same day.
The LBS Alumni Session on Corporate Governance will hold this day just as the 5th Lagos Public Relations Stakeholders Conference, the Invest in Africa World Summit & Expo and the Bank Customer Association of Nigeria (BCAN)’s 3rd Biennial Bank Customers’ Summit holds in Lagos on the same day.
Germany’s Import Price Index (MoM) for July 2018 and its Unemployment Rate for August 2018, will be released this day, while the Canadian GDP (QoQ) Q2, 2018 and Japan’s Unemployment Rate for July 2018 will be released on the same day.
Friday 31st August 2018
The Lagos State Employment Trust Fund, will this day hold a Free Marketing training designed for SMEs and Entrepreneur.
Check out our for event details and follow us on , , and for updates as the week unfolds. Yours to Serve!
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