Monday Aug 21
ZENITH BANK PLC
- Closure Date for Dividend (Interim) 25 Kobo per share
CUSTODIAN AND ALLIED PLC
- CLOSURE OF REGISTER (Interim Dividend) 10 kobo per share : August 21, 2017 to August 25, 2017 (both dates inclusive)
Thursday Aug 24
NBS
- July 2017 Monthly FAAC Disbursements Report
GUARANTY TRUST BANK
- Proposed Dividend (Interim) 30 Kobo per share Closure Date
Friday Aug 25
NBS
- Q2 2017 VAT by Sector
ZENITH BANK PLC
- Payment Date for interim dividend (N0.25k per share)
FOREIGN
Wednesday Aug 23
- EIA Petroleum Status Report
10:30 AM ET
The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S., whether produced there or abroad. The level of inventories helps determine prices for petroleum products.
If inventories are low, this will lead to increases in crude oil prices – or price increases for a wide variety of petroleum products such as gasoline or heating oil. If inventories are rising, this may push down oil prices.
Friday Aug 25
- Jackson Hole Economic Policy Symposium
Kansas City Federal Reserve Bank hosts its annual Economic Policy Symposium, where central bankers, policy makers, academics and economists will discuss this year’s topic, “Fostering a Dynamic Global Economy”. Among other prominent speakers, Fed Chair Janet Yellen and European Central Bank President Mario Draghi are expected to speak at the event, in Jackson Hole, Wyoming.
Currency outlook: Naira seen weakening
The Nigerian naira is seen weakening on the black market in the coming days as demand for the dollar increases, but is expected to trade within a range on the investor forex window and official interbank market, traders said.
The local currency weakened to N370 against the dollar on the black market on Thursday, compared with N364 per dollar the earlier week, on the back of surging demand for the dollar by summer holidaymakers and parents paying school fees for their children abroad.
The naira was quoted at N362.39 a dollar on the investor forex window on Thursday against N367.49 per dollar the earlier week. On the official interbank window, the local currency traded around N305.65 a dollar.
The gain on the investor window was fuelled by increased dollar inflows from offshore fund managers investing in the domestic equity market, traders said.
Compiled by Patrick Atuanya
