FINANCIAL MARKETS TODAY – 31 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened higher today with a balance of ca ₦135.87billion (buoyed by OMO maturity of ₦60billion), representing a ₦ 60.63 billion increase from yesterday’s opening balance. Thus, the Overnight…
FINANCIAL MARKETS TODAY – 30 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity improved, opening with a balance of ca ₦75.24 billion, compared to ₦19.68 billion recorded at the close of the previous week. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rate…
FINANCIAL MARKETS TODAY – 27 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity improved slightly, opening with a balance of ca ₦19.68 billion, better than the previous day’s opening deficit balance of ca ₦74.85 billion. Thus, the Overnight Policy Rate (OPR) held steady at…
FINANCIAL MARKETS TODAY – 26 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened the day with a deficit balance of ca -₦74.85 billion, lower than yesterday’s opening balance of ca ₦48.18 billion, due to funding provision for the NTB auction debit. Thus, the Overnight…
FINANCIAL MARKETS TODAY – 25 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a credit balance of ca ₦48.18 billion, a slight improvement from yesterday’s opening balance of ca ₦40.67 billion. Nonetheless, the Overnight Policy Rate (OPR) and Overnight (ON)…
MPC HIGHLIGHT – MAY 2022
The Monetary Policy Committee (MPC) concluded its 2-day meeting today, and unexpectedly hiked the benchmark interest rate by 150bps to 13.00% (the first time since July 2016, from 12% to 14%), while leaving other key parameters constant. Please see…
Q1’2022 GDP Highlights
Nigeria Q1’2022 GDP grew by 3.11% Y-o-Y • The National Bureau of Statistics (NBS) published the Gross Domestic Product (GDP) figures for Q1:2022 today, revealing a 3.11% Y-o-Y growth in the economy. • Although the domestic growth rate slowed for the 3rd…
FINANCIAL MARKETS TODAY – 24 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity improved today (buoyed by OMO maturities worth ca ₦30 billion), opening with a credit balance of ca ₦40.67 billion, higher than yesterday’s deficit balance of ₦9.80 billion. Nonetheless, the…
FINANCIAL MARKETS TODAY – 23 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened the week with a negative balance of ca -₦9.80 billion, compared with Friday’s deficit balance of ca -₦93.82 billion. However, the Overnight Policy Rate (OPR) trended higher to settle at…
FINANCIAL MARKETS TODAY – 20 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a negative balance of -ca ₦93.82bn. Thus, the Overnight (ON) rate remained unchanged at 12.50%, while the Overnight Policy Rate (OPR) trended lower to settle at 12.25% from 12.50%,…
