Monthly Financial Market Update – August 2022
Macroeconomic Review Nigerian Economy Grew Faster than expected in Q2 2022 while CPI Soared to a high of 19.64% in July Nigeria’s Real Gross Domestic Product (GDP) reportedly grew by 3.54% Y-o-Y in the second quarter of the year (beating the Bloomberg…
Monthly Financial Market Update – July 2022
Macroeconomic Review Heated Interest Rate Environment as Global Central Banks tackle Inflationary Pressures. The start of H2 2022 has seen no respite in global macroeconomic conditions, as the world economy reels from the effect of the pandemic and…
FINANCIAL MARKETS TODAY – 05 August 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened significantly higher today at ca ₦74.93 billion long buoyed by late retail FX refunds on Thursday, compared with yesterday’s negative opening balance of ca ₦19.59 billion. However, the…
FINANCIAL MARKETS TODAY – 04 August 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened ca ₦19.59 billion short, lower than yesterday’s opening balance of ca ₦56.50 billion. Thus, the Overnight Policy Rate (OPR) printed higher at 14.67% from 14.50% the previous day, while…
FINANCIAL MARKETS TODAY – 03 August 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity declined further today, opening with a balance of ₦56.50 billion, lower than the previous day’s opening balance of ca ₦103.27 billion. Thus, the Overnight Policy Rate (OPR) printed higher at…
AIICO MONEY MARKET FUND NEWSLETTER – JULY 2022
OVERVIEW AIICO Money Market fund is an open-ended collective investment vehicles that pools investment monies from various individuals, Corporate organizations and High Net-worth Clients (HNC) for the purpose of investing in money market securities,…
FINANCIAL MARKETS TODAY – 02 August 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity declined today, opening with a balance of ₦103.27 billion, lower than the previous day’s opening balance of ca ₦247.13 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rate…
AIICO BALANCED FUND NEWSLETTER – JULY 2022
OVERVIEW AIICO Balanced Fund is an open-ended mutual fund, investing in Fixed income instruments, Money market instruments and both Quoted and Unquoted equities. INVESTMENT OBJECTIVE The investment objective of the Fund is to create medium to long term…
FINANCIAL MARKETS TODAY – 01 August 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened at ca ₦247.13 billion today, significantly higher than Friday’s opening of a ca ₦89.99 billion deficit, due to late FAAC inflows. Thus, the Overnight Policy Rate (OPR) and Overnight (ON)…
