FINANCIAL MARKETS TODAY – 30 November 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity improved today with an opening balance of ca ₦163.58 billion, compared to ca ₦94.13 billion recorded the previous day. Consequently, the Overnight Policy Rate (OPR) and Overnight (ON) rates…
FINANCIAL MARKETS TODAY – 29 November 2022
FIXED INCOME MARKET Interbank system liquidity slightly improved with an opening balance of ca ₦94.13 billion, higher than yesterday’s opening balance of ca ₦43.19 billion, as the repayment of OMO maturities worth ca ₦25.00 billion hit the system.…
FINANCIAL MARKETS TODAY – 28 November 2022
FIXED INCOME MARKET Interbank system liquidity opened the week with a credit balance of ca ₦43.19 billion, significantly lower than Friday’s balance of ca ₦308.27 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended higher to…
Q3’2022 GDP Highlights
Nigeria Q3’2022 GDP grew by 2.25% Y-o-Y •The National Bureau of Statistics (NBS) released the Gross Domestic Product (GDP) figures for Q3 2022, reporting a real economic growth of +2.25% Y-o-Y (Bloomberg’s estimate +2.90%). •The Q3 2022 growth rate…
FINANCIAL MARKETS TODAY – 25 November 2022
FIXED INCOME MARKET Interbank system liquidity opened at c.₦308.27 billion today, compared to yesterday’s opening of c.₦319.67billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended higher to settle at 12.25% and 12.63% from 9.63%…
FINANCIAL MARKETS TODAY – 24 November 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened at c.₦319.67 billion today, significantly higher than yesterday’s opening of c.-₦115.64 billion, due to FAAC inflows. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates…
FINANCIAL MARKETS TODAY – 23 November 2022
FIXED INCOME MARKET Money Market Interbank liquidity opened with a balance of c.-₦115.64bn, compared to yesterday’s opening balance of c.-₦165.27bn. Nonetheless, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) remained unchanged at 17.13% and…
FINANCIAL MARKETS TODAY – 21 November 2022
FIXED INCOME MARKET Interbank system liquidity opened the week in a deficit of ca -₦226.50 billion, significantly lower than Friday’s opening balance of ca -₦158.99 billion. Due to the dearth of liquidity in the system, the Overnight Policy Rate (OPR)…
FINANCIAL MARKETS TODAY – 18 November 2022
FIXED INCOME MARKET Interbank system liquidity slipped further into the negative zone, with an opening balance of ca – ₦158.99 billion, lower than yesterday’s balance of ca -₦129.86 billion. Thus, the Overnight Policy Rate (OPR) and Overnight Rate…
FINANCIAL MARKETS TODAY – 17 November 2022
FIXED INCOME MARKET Money Market Interbank system liquidity slipped into a deficit with an open balance of -ca ₦129.86billion, significantly lower than yesterday’s opening balance of ca ₦131.44 billion. Thus, the Overnight Policy Rate (OPR) and Overnight…
