FINANCIAL MARKETS TODAY – 07 July 2021
System Liquidity opened with a balance of ca ₦53.53 billion today, lower than previous day’s opening of ca ₦205.76 billion. As a result, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 10.00% and 10.20% from 9.75% and 10.25%…
FGN BONDS ISSUANCE CALENDAR FOR THE THIRD QUARTER, 2021
The Debt Management Office (DMO) released the Federal Government of Nigeria (FGN) bond issuance calendar for third quarter of 2021, with total amount on offer of ca ₦540billion, ca +20% higher than ₦450billion offered in Q2 2021. The calendar indicated…
Nigerian Senate approves supplementary budget – 07 July 2021
The Nigerian Senate on 07 July 2021, approved the Federal Government’s request to borrow ca $6.1 billion (₦2.343 trillion) from Multilateral and Bilateral tenders as well as the international Capital Market. This borrowing, which was already approved in…
FINANCIAL MARKETS TODAY – 06 July 2021
System Liquidity opened with a balance of ca ₦205.76 billion today, higher than previous day’s opening of ca ₦170.94 billion, as inflows from OMO maturities impacted the system. As a result, the Open Buy Back (OBB) and Overnight (ON) rates trended lower…
FINANCIAL MARKETS TODAY – 05 July 2021
Banking system Liquidity Improved significantly, to open with ca ₦170.94 billion today, higher than Friday’s opening of ca -₦36.09 billion. As a result, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 10.25% and 10.75% from…
FINANCIAL MARKETS TODAY – 02 July 2021
Liquidity in the banking system opened in a deficit of ca -₦36.09 billion today, lower than the previous day’s opening of ca ₦26.59 billion. As a result, the Open Buy Back (OBB) and Overnight (ON) rates trended slightly higher to settle at 12.00% and…
FINANCIAL MARKETS TODAY – 01 July 2021
Liquidity in the banking system opened at ca ₦26.59 billion, lower than previous day’s opening of ca ₦201.25 billion. However, with no significant funding activity the Open Buy Back (OBB) and Overnight (ON) rates remained unchanged at 11.50% and 12.00%,…
