NIGERIA Q3’2021 GDP GROWS BY 4.03% YEAR-ON-YEAR
HIGHLIGHTS •The National Bureau of Statistics (NBS) published the Gross Domestic Product (GDP) figures for Q3’2021, which revealed that the economy grew by 4.03% year-on-year (vs. 5.01% in Q2’2021 and…
AIICO Capital is a multi-asset manager, duly licensed by the Securities and Exchange Commission (“SEC”) to provide portfolio and fund management services.
HIGHLIGHTS •The National Bureau of Statistics (NBS) published the Gross Domestic Product (GDP) figures for Q3’2021, which revealed that the economy grew by 4.03% year-on-year (vs. 5.01% in Q2’2021 and…
FIXED INCOME MARKET Money Markets Interbank system liquidity improved today, opening with a credit balance of ca ₦89.66 billion, higher than yesterday’s balance of ca – ₦36.13 billion. Thus, the…
FIXED INCOME MARKET Money Markets Interbank system liquidity slipped into a deficit with an open balance of ca -₦36.13 billion, lower than yesterday’s opening balance of ca ₦48.50 billion. Thus,…
Nigeria’s Headline Inflation Figures: Slows down to 15.99%, surpasses 16.2% estimates. The headline inflation rate in October printed at 15.99% year-on-year, which showed a further decline from 16.63% recorded in…
MACROECONOMIC UPDATE The domestic inflation rate in October printed at 15.99% year-on-year, which showed a further decline from 16.63% recorded in September 2021, as indicated in the reports released by…
FIXED INCOME MARKET Money Markets Interbank system liquidity improved to open with a balance of ca ₦460.88 billion, higher than previous day’s opening balance of ₦337.48 billion. However, the Open…
FIXED INCOME MARKET Money Markets Interbank system liquidity declined further to open with a balance of ca ₦337.48 billion, lower than previous day’s opening balance of ₦403.99 billion, as investors…
FIXED INCOME MARKET Money Markets Interbank system liquidity weakened slightly to open with a balance of ca ₦403.99 billion, higher than previous day’s opening balance of ₦408.84 billion. Nevertheless, the…
449.22 billion. As a result, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to 2.67% and 3.33% from 4.75% and 5.25% respectively, the previous day.
Interbank system liquidity improved significantly to open with a balance of ca ₦449.22 billion, higher than Friday’s opening balance of ₦41.80 billion. As a result, the Open Buy Back (OBB)…