FINANCIAL MARKETS TODAY-31 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity was estimated to be c.-₦300 billion in the absence of official figures, compared to yesterday’s opening balance of c.-₦200.24 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight…
FINANCIAL MARKETS TODAY-30 March 2023
FIXED INCOME MARKETS Money Markets System liquidity improved slightly today, albeit still in the negative territory, following inflows from retail FX refund, as opening balance settled at c.-₦345.71 billion, compared to yesterday’s opening balance of…
FINANCIAL MARKETS TODAY-29 March 2023
FIXED INCOME MARKETS Money Markets System liquidity dipped further at c.-₦617.51 billion, compared to yesterday’s opening balance of c.-₦482.43 billion. As a result, Overnight Policy Rate (OPR) and Overnight Rate (O/N) increased to 18.50% and 19.00%,…
FINANCIAL MARKETS TODAY-28 MARCH 2023
FIXED INCOME MARKETS Money Markets System liquidity opened lower at c.-₦482.43 billion, compared to yesterday’s opening balance of c.-₦458.62 billion, despite the inflows from FGN bond coupons, OMO maturity and FAAC. However, the Overnight Policy Rate…
FINANCIAL MARKETS TODAY-27 March 2023
FIXED INCOME MARKETS Money Markets System liquidity opened lower at c.-₦458.62 billion, compared to last week Friday’s opening balance of c.-₦404.58billion. However, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) moderated to 17.13% and 17.63%…
FINANCIAL MARKETS TODAY – 24 March 2023
FIXED INCOME MARKETS Money Markets System liquidity declined further with an opening balance of c.-₦404.58 billion, compared to yesterday’s opening balance of c.-₦280.23billion. However, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) decreased…
MPC HIGHLIGHT – MARCH 2023
The Monetary Policy Committee (MPC) concluded its 2-day meeting on March 21, 2023, and raised the benchmark interest rate by 50bps, from 17.50% to 18.00%. Please see below, a summary of the committee’s decisions:…
FINANCIAL MARKETS TODAY – 23 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity slipped into the negative territory (c.-₦280.23 billion, compared to yesterday’s opening balance of c.₦197.27billion long), following yesterday’s FGN bond auction settlement which caused most…
FINANCIAL MARKETS TODAY – 22 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity declined to c.₦197.27 billion, compared to yesterday’s opening balance of c.₦224.13billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increased to 18.38% and 18.75%…
INFLATION WATCH – February 2023
A slower pace for February’s Valentine Nigeria’s inflation for February 2023 rose to 21.91% Y-o-Y (Est. +21.80%), an increase of c.0.09% from 21.82% Y-o-Y recorded in January 2023. However, the headline inflation slipped to 1.71% M-o-M in February…
