The Monetary Policy Committee (MPC) concluded its final meeting for 2021 today, unanimously maintaining all key policy metrics as follow: – Retain MPR at 11.50%…

FINANCIAL MARKETS TODAY – 23 November 2021

By Aderonke Adekoya

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2 Min Read

FIXED INCOME MARKET The Monetary Policy Committee (MPC) concluded its final policy meeting for the year, retaining all key policy rates – The Monetary Policy Rate (MPR), Cash Reserve Ratio (CRR) and Liquidity ratio at 11.50%, 27.50% and 30.00%…

FINANCIAL MARKETS TODAY – 22 November 2021

By Aderonke Adekoya

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FIXED INCOME MARKET Money Markets …

FINANCIAL MARKETS TODAY – 19 November 2021

By Aderonke Adekoya

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FIXED INCOME MARKET Money Markets Interbank system liquidity tapered today, closing the week with a deficit balance of ca -₦237.13 billion, significantly lower than the previous day’s balance of ca ₦11.25 billion. Thus, the Open Buy Back (OBB) and…

FINANCIAL MARKETS TODAY – 18 November 2021

By Aderonke Adekoya

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3 Min Read

MACROECONOMIC UPDATE The National Bureau of Statistics (NBS) published the Gross Domestic Product (GDP) figures for Q3’2021, which showed that the economy grew by 4.03% year-on-year (vs. 5.01% in Q2’2021 and 0.51% in Q1’2021). This reflects the fourth…