AIICO Capital Limited

System liquidity declined today, opening with a deficit of ca ₦7.60 billion, lower than previous day’s opening of ca ₦21.78 billion. Consequently, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 17.50% and 17.75% from 17.00% and 17.67% respectively, the previous day.

Nigeria’s headline inflation eased for the fourth consecutive month, settling at 17.38% year-on-year in July 2021 vs 17.75% recorded in June 2021. This comes on the back of persistent decrease in food prices, with the food sub index declining to ca 21.03% from 21.83% the previous month, while the core sub-index rose to 13.72% from 13.09% in June 2021.

System liquidity improved slightly today, opening with a balance of ca ₦14.05 billion, better than the Friday’s opening of ca ₦11.58 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 17.00% and 17.50% from 16.75% and 17.25% respectively, on Friday.

FIXED INCOME MARKETS Money Markets System liquidity improved today, opening with a balance of ca […]

FIXED INCOME MARKET Money Markets System liquidity eased slightly today, nevertheless, opening with a deficit […]

FIXED INCOME MARKET Money Markets Liquidity in the banking system slipped into a deficit to […]

FIXED INCOME MARKET Money Markets Liquidity in the banking system improved today (buoyed by OMO […]

FIXED INCOME MARKET Money Markets Liquidity in the banking system opened the first trading day […]