Nigeria Coronanomics Dashboard – Week 35

The Nigerian Economy last week – Dashboard

• Total Coronavirus count – Cases 53,727, Death 1,011 (1.88%), Recovered 41,314 (76.9%).
• Macro data – The Nigerian economy contracted by 6.1% in real terms (Q2 2020)
• External Reserves – Nigeria External reserve grew by 0.16% from $35.61 billion recorded on the 21st of August 2020 to $35.66 billion on 27th August 2020.
• Exchange Rate – Naira to USD in the parallel market was pegged at N477/$1 during the week. NAFEX Rate N385.7
• Nigerian Stocks – NSE All-share index grew by +0.35% from 25,221.87 to 25,309.37 basis points.
• Highest gainers – University Press +31.45%, FTN Cocoa +20%, Champion Brew +19.23%, NEM Insurance +14.97%.
• Highest Losers – Beta Glass -9.99%, Arbico -9.52%, C&I Leasing -9.09%, Consolidated Hallmark -8.11%.
• Marked down – Custodian Investment and Northern Nig. Flour Mills (means it closed register for payment of dividends).
• Next Markdown – Lasaco Assurance, Tripple Gee,
• Paying Dividend this week – Custodian Investments, Smart Products.
• Data Expected this week – Foreign trade Q2 2020

The world last week – Dashboard

• Total Coronavirus count worldwide; Cases 25,142,321, Death 845,578 (3.36%), Recovered 17,479,673 (69.5%).
• Unemployment around the world – Chile’s unemployment rate hits a new record of 13.1%.
• Going Bankrupt – Trump International Hotel
• Fighting for its life – J.Jill, Destination XL, Christopher & Banks
• US Stocks Weekly change – Dow Jones 2.59%, S&P +3.26%, Nasdaq +3.81%.
• Global Stocks – German Xetra Dax +2.1%, London FTSE 100 -0.64%, Japan Nikkei 255 -0.16%, China Shanghai +0.68%, South Africa JSE +0.04%.
• Crude Oil Prices – WTI +1.49%, Brent +1.58% Natural Gas +8.37%
• Commodities- Gold Prices +1.09%, Wheat +2.13%, Soybeans +5.77%, Palm Oil +2.47%, Sugar -1.79%
• Notable Actions – Jeff Bezos crosses the $200 billion net worth mark.