Nigeria Economic Dashboard
- Total Coronavirus count – Cases 48,770, Death 974 (1.99%), Recovered 36,290 (74.4%).
- Macro data – The National Bureau of Statistics during the week, released the unemployment report for Q2 2020, which revealed that Nigeria unemployment rate stood at 27.1%
- External Reserves – Nigeria External reserve dipped -0.09% from $35.66 billion recorded on the 7th August 2020 to $35.62 billion on 13th August 2020.
- Exchange Rate – Naira to USD in the parallel market hovered around as
N470/$1 andN475/$1 during the week. NAFEX rate closed N386.33 - Inflation Rate – 12.56%
- Interest rates- Lending rate – Prime 15.65%, MPR 12.5%, Savings rate – 3.33%, Fixed Deposit 1 year 7.12%
- Nigerian Stocks – NSE All-share index grew by +0.63% from 25,041.89 to 25,199.84 basis points.
- Highest gainers – Cadbury +12.88%, Nigerian Brew. +12.5%, Unilever +11.61%, C & I Leasing +10%.
- Highest Losers – Champion Brew. -25.26%, Ikeja Hotel -25%, Cornerstone Insurance –10.91%, N Nig. Flour Mills -10%.
- Marked down – Nil (means it closed register for payment of dividends).
- Next Markdown – Cornerstone Insurance, MTNN.
READ MORE: Nigeria’s unemployment rate jumps to 27.1% as at 2020 Q2
Global Economic Dashboard
- Total Coronavirus count worldwide; Cases 21,617,587, Death 768,995 (3.56%), Recovered 14,333,423 (66.3%).
- Unemployment around the world – 332 thousand Citizens lost their Jobs in the Netherlands as of Q2 2020.
- Going Bankrupt – Stein Mart
- Fighting for its life – China’s Harbin Pharmaceutical, GNC
- US Stocks Weekly change – Dow Jones +1.81, S&P +0.64%, Nasdaq +0.23%.
- Global Stocks – German Xetra Dax +1.79%, London FTSE 100 +0.96%, Japan Nikkei 255 +4.3%, China Shanghai +0.14%, South Africa JSE +0.56%.
- Crude Oil Prices – WTI +1.92%, Brent +1.19%, Natural Gas +4%
- Commodities- Gold Prices -4.47%, Wheat +0.86%, Soybeans +2.87%, Palm Oil -1.3%, Sugar +3.39%
- Notable Actions – Russia during the week produced the first batch of its newly approved COVID-19 vaccine
