The Nigerian Economy this week – Dashboard
- Total Coronavirus count – Cases 51,905, Death 997 (1.95%), Recovered 38,767 (74.7%).
- Macro data – Consumer Price Index (CPI) report, for the month of July released by the National Bureau of Statistics, shows that the inflation rate at 12.8%.
- External Reserves – Nigeria External reserve dipped -0.06% from $35.62 billion recorded on the 14th August 2020 to $35.59 billion on 20th August 2020.
- Exchange Rate – Naira to USD in the parallel market hovered around as
N470/$1 andN478/$1 during the week. NAFEX Rate N386. - Nigerian Stocks – NSE All-share index grew by +0.09% from 25,199.84 to 25,221.87 basis points.
- Highest gainers – Lasaco Assurance +26.92%, Int’l Breweries +26.32%, Cornerstone Insurance +18.37%, Neimeth +12.36%.
- Highest Losers – Royal Exchange -16.13%, ABC Plc -14.89%, Conoil -9.76%, PZ Cussons -9.41%.
- Marked down – MTN Nigeria, Flour Mills of Nigeria, Cornerstone Insurance (means it closed register for payment of dividends).
- Next Markdown – Consolidated Hallmark Insurance, Custodian Investment
- Paying Dividend this week – MTN Nigeria
- Data Expected this week – GDP 2020 Q2
The world this week – Dashboard
- Total Coronavirus count worldwide; Cases 23,354,103, Death 807,617 (3.46%), Recovered 15,846,133 (67.9%).
- Unemployment around the world – India’s overall unemployment rate during the week hit a nine-week high at 9.1%
- Going Bankrupt – Valaris Plc
- Fighting for its life – CBL Properties
- US Stocks Weekly change – Dow Jones 0%, S&P +0.72%%, Nasdaq +3.5%.
- Global Stocks – German Xetra Dax -1.06%, London FTSE 100 -1.45%, Japan Nikkei 255 -1.58%, China Shanghai +0.61%, South Africa JSE -1.98%.
- Crude Oil Prices – WTI +0.79%, Brent -1.51%, Natural Gas +4.06%
- Commodities- Gold Prices -0.21%, Wheat +5.25%, Soybeans +0.36%, Palm Oil +0.44%, Sugar -2.06%
- Notable Actions – Facebook on Thursday launched a $40 million grant program for Black-owned businesses hit by the coronavirus pandemic.
