INFLATION WATCH – December 2022
Headline Inflation rose to 21.34% in December 2022 Nigeria’s inflation for December 2022 slowed down to 21.34% Y-o-Y (Est. +21.80%), a decline of c.0.13% from 21.47% Y-o-Y recorded in November 2022. In addition, the headline inflation grew at 1.71% M-o-M…
FINANCIAL MARKETS TODAY – 18 January 2023
FIXED INCOME MARKETS Money Markets System liquidity remained buoyant today at c.₦384.58 billion vs c.₦371.23 billion recorded the previous day. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) remained unchanged at 9.50% and 9.83%…
FINANCIAL MARKETS TODAY – 17 January 2023
FIXED INCOME MARKETS Money Markets System liquidity improved slightly to a credit balance of c.₦ 371.23 billion compared to the previous day’s opening balance of c.₦ 258.06 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 16 January 2023
FIXED INCOME MARKETS Money Markets System liquidity opened the week lower at c.₦ 258.06 billion compared to the previous week’s opening balance of c.₦ 433.32 billion. Nevertheless, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) remained…
FINANCIAL MARKETS TODAY – 13 January 2023
FIXED INCOME MARKET Money Markets System liquidity declined slightly to a credit balance of c.₦433.32 billion compared to yesterday’s opening balance of c.₦500.39 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) closed…
FINANCIAL MARKETS TODAY – 12 January 2022
FIXED INCOME MARKETS Money Markets System liquidity improved to a credit balance of c.₦ 500.39 billion compared to yesterday’s opening balance of c.₦ 449.24 billion. Overall, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) remained unchanged at…
FINANCIAL MARKETS TODAY – 11 January 2023
FIXED INCOME MARKETS Money Markets System liquidity improved to a credit balance of c.₦ 449.24 billion compared to yesterday’s opening balance of c.₦ 341.46 billion. Overall, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) remained unchanged at…
FINANCIAL MARKETS TODAY – 10 January 2023
FIXED INCOME MARKETS Money Markets System liquidity declined to open at c.₦341.46 billion compared to yesterday’s opening balance of c.₦ 370.18 billion. Nevertheless, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) declined to 9.50% and 9.83%…
FINANCIAL MARKETS TODAY – 09 January 2023
FIXED INCOME MARKETS Money Markets The Interbank market declined significantly to c.₦370.18 billion compared to Friday’s opening balance of c.₦1.35 trillion, because of the CRR debits. Nevertheless, the Overnight Policy Rate (OPR) and Overnight Rate…
FINANCIAL MARKETS TODAY – 06 January 2023
FIXED INCOME MARKETS Money Markets The Interbank market remained buoyant, albeit opening system liquidity declined slightly to c.₦1.35 trillion, compared to yesterday’s balance of c.₦ 1.41 trillion. Overall, the Overnight Policy Rate (OPR) and Overnight…
