FINANCIAL MARKETS TODAY – 29 October 2021
Interbank system liquidity improved slightly, opening with a deficit balance of ca ₦14.49 billion, better than yesterday’s balance of ca ₦210.19 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) trended higher at 18.00% and 18.50% from 14.80% and…
FINANCIAL MARKETS TODAY – 28 October 2021
Interbank system liquidity contracted further today, opening with a deficit balance of ca ₦210.19 billion lower than yesterday’s balance of ca ₦11.94 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) trended higher at 14.80% and 15.25% from…
FINANCIAL MARKETS TODAY – 27 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity retracted today, opening with a deficit balance of ca ₦11.94 billion lower than yesterday’s balance of ca ₦0.78 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) trended lower by 10bps…
FINANCIAL MARKETS TODAY – 26 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity improved significantly today (buoyed by OMO maturities and coupon payments worth ca ₦91.00 billion and ₦115.00 billion), opening with a credit balance of ca ₦0.78 billion higher than…
FINANCIAL MARKETS TODAY – 25 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity slightly improved today, albeit still in a deficit at ca ₦243.37 billion, lower than Friday’s negative balance of ca ₦281.85 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) trended…
FINANCIAL MARKETS TODAY – 22 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity slipped into a deficit, opening with a balance of ca -₦281.85 billion, significantly lower than yesterday’s balance of ca ₦67.51 billion. This was due to the settlement of the bond auction,…
FINANCIAL MARKETS TODAY – 21 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a credit balance of ca ₦67.51 billion, a slight improvement from yesterday’s deficit balance of ca -₦77.17 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates…
FINANCIAL MARKETS TODAY – 20 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity slipped into a deficit, opening with a balance of ca -₦77.17 billion, lower than the Monday’s opening balance of ca ₦55.56 billion. However, with no significant funding needs and additional…
Monthly Financial Market Update – September 2021
Macroeconomic Review Foreign Reserve rise to 18-Month High Nigeria’s foreign reserves rose to its highest in 19 months, growing by ca US$2.58bn in September to US$36.60bn. The expansion can closely be tied to a sustained increase in global crude oil…
FINANCIAL MARKETS TODAY – 18 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity opened the week with a credit balance of ca ₦55.56 billion, lower than the Friday’s opening balance of ca ₦118.91 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates…