10 things you need to know in markets this week and Muhammadu Buhari's trip to Morocco

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June 11, 2018 11:22 AM

The National Bureau of Statistics (NBS) will release official inflation figure for May, Buhari is in Morocco, 2018 budget is still receiving executive attention and the Super Eagles will play Croatia on Saturday at the 2018 FIFA World Cup.

Here are the few things to know in the Nigeria finance, politics and tech corridor this week.

Finance

1. National Bureau of Statistics (NBS) to release the inflation rate for the month of May on Wednesday, June 13, 2018 based on the data release calendar on the website of the NBS.

2. Toyin Sanni, Group CEO United Capital has announced her intention to step down in a few weeks time.

Also READ: These 7 side-hustles that can fetch you extra income in Nigeria right now

Politics

3. Nigeria Muhammadu Buhari is in Morocco on an official visit. Buhari and the King Mohammed VI of Morocco are expected to discuss the Atlantic project, a pipeline which is set to link Nigeria and Morocco and may extend up towards Europe.

4. 2018 budget still receiving executive attention

5. Expect high prices on alcoholic beverages and tobacco products as Nigeria government raise excise duty on the products.

6. The Southwest States - Lagos, Ogun, Oyo, Osun and Ekiti state governments have declared Tuesday, June 12, 2018, work-free to enable residents and other stakeholders to mark the Democracy Day and honour late MKO Abiola.

7. The government is also expected to declare Friday as Eid el Fitri to celebrate the end of Ramadan

Tech

8. The Nigerian Communications Commission (NCC) has directed to telecom operators to commence data rollover from June 26, 2018.

9. Oath Inc. announced last Friday that it is shutting down Yahoo Messenger from July 17, 2018, and directed all users to download their chat histories within the next six months.

Sports

10. The 2018 FIFA World Cup, a quadrennial international football tournament contested by the men's national teams of the member associations of FIFA kicks off in Russia on Thursday, June 14, 2018.

Also READ: Nike made Super Eagles World Cup kits out of plastic bottles and we have proof

Nigeria's Super Eagles will play Croatia on Saturday, June 16, 2018.

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