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Week Ahead (18th – 22nd February, 2019)

Week Ahead (18th – 22nd February, 2019)
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Commodities

Cocoa:  Unfavourable weather in Ivory Coast would lead to an increase in global prices. This is positive for Nigeria’s export revenue.

Grains:  Higher demand for US wheat is expected to push up prices.

Fixed Income

The Debt Management Office will auction N150 billion (US$415 million) worth of bonds by subscription on Wednesday, February 20, 2019 on behalf of the Federal Government. Treasury Bills worth N578.99 billion will mature via the secondary market and this is expected to boost liquidity in the market despite the N150 billion long term debts that will be raised by Debt Management Office.

Currency

Naira to be relatively stable against the US Dollars this week at the Investors and Exporters Windows on the back of CBN’s commitment to sustain exchange rate stability.

Data Release

The National Bureau of Statistics is expected to release Selected Banking Sector Data comprising sectorial breakdown of credit, e-Payment channels and staff strength for Q4 2018 on Monday, February 18, 2019.

Event

The Nigerian Stock Exchange will launch the Mutual Funds platform on Friday,  February 22, 2019 to improve and enhance access of listed mutual funds to investors.

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