The National Bureau of Statistics made available the real GDP growth figure for the first quarter of 2017, on Tuesday 22nd of May 2017. The economy contracted by 0.52% in the first quarter of 2017, also implying five consecutive quarters of contraction. At the same time the economy contracted less by 0.15% compared to the previous quarter, regardless it still posed as a upside risk to annual projected 2.7% growth for 2017; eventually undercutting the economic recovery and growth plan (ERPG) projection.
On the same day, the apex bank left its monetary anchor at 14%, untouched, thereby retaining its earlier position to trade off growth for inflation. It’s important that monetary policy begin to adopt a middle ground, where reducing output gaps and unemployment is equally important as price stability: After all the role of monetary policy in inflation outcome is limited in the face of mounting push factors.
Monday, May 29, 2017
Nigeria Celebrates its Democracy Day today as the Presidency holds a presidential level Report Card event on the Social Investment Programmes of the Buhari presidency as part of activities commemorating the Second year of the Buhari administration.
The National Bureau of Statistics will release the Q1 2017 Nigerian Domestic and Foreign Debt Report today.
Tuesday, May 30, 2017
The National Bureau of Statistics will release the Q1 2017 Financial Services Data Report, while the Future Project in partnership with the National Endowment for Democracy (NED) and YNaija to hosts the third edition of the Nigeria Symposium for Young and Emerging Leaders.
MRS Oil Plc will visit the Exchange for its Facts behind the Figures presentation and sound the closing gong, while Livestock Feeds Plc, Meyer Plc and NCR Nigeria Plc will today hold their Annual General Meeting (AGM).
Wednesday, May 31, 2017
Paradigm Initiative & the Federal Ministry of Justice will today host Law Enforcement Agencies for its Cybercrime & Digital Rights Workshop in Abuja.
Mixta Real Estate Plc will today visit the Exchange to list a bond, while Portland Paints & Products Nigeria Plc and Glaxosmith Consumer Nigeria Plc will holds their AGM.
Thursday, June 1, 2017
The National Bureau of Statistics will today release the Q4 2016, Q1 2017 Selected Crime Statistics and the Q4 2016, Q1 2017 Tourism Satellite Accounts Report, while May & Baker Plc holds its AGM.
The Enterprise Development Centre of the Pan-Atlantic University will today hold its Investment Readiness Workshop to educate participants about alternative funding & capital raising, as well as investment options for growth, while LEAP Africa holds its 12th CEOs Forum themed “Managing Growth for Profitability”.
Friday, June 2, 2017
The CFO of the World Bank will visit the Exchange today.