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Macroeconomic Review Inflationary Pressures Mount as Nigeria’s CPI Hits 15.92% Y-o-Y Nigeria’s inflation rate accelerated to 15.92% in March 2022 (12bps higher than Bloomberg’s consensus estimate), representing a 22bps increase…
FIXED INCOME MARKET Money Markets The Overnight Policy Rate (OPR) and Overnight (ON) rate trended higher due to the bi-weekly retail FX auction, to settle at 12.25% and 12.50% from…
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a deficit of ca ₦235.78 billion today, compared to the previous day’s opening balance of ca ₦97.53billion. Nonetheless, the Overnight…
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a credit balance of ₦97.53 billion, compared to the previous day’s opening balance of ca ₦58.10 billion. Nonetheless, the Overnight…
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a balance of ₦58.10 billion, lower than the previous day’s opening balance of ca ₦193.97 billion. However, the Overnight Policy…
FIXED INCOME MARKET Money Markets The Overnight Policy Rate (OPR) and Overnight (ON) rates trended significantly higher to settle at 10.67% and 11.25% from 5.00% and 5.67%, recorded on Friday.…
FIXED INCOME MARKET Money Markets The Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to settle at 5.00% and 5.67% from 6.50% and 7.17% recorded the previous day,…
FIXED INCOME MARKET Money Markets Interbank system liquidity improved today, opening with a balance of ₦58.02 billion, compared to previous day’s opening position of ca ₦21.82 billion. Consequently, the Overnight…
FIXED INCOME MARKET Money Markets Interbank system liquidity further depreciated today, opening with a deficit balance of ₦21.82 billion, compared to previous day’s opening balance of ca ₦72.75 billion. Consequently,…
FIXED INCOME MARKET Money Markets Interbank system liquidity depreciated today, opening with a credit balance of ₦72.75 billion, compared to Thursday’s opening balance of ca ₦256.06 billion. Nonetheless, the Overnight…
