FINANCIAL MARKETS TODAY –28 April 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity remained buoyant today at c. ₦1.11 trillion long, compared with the opening balance of ₦1.31 trillion recorded yesterday. However, following the retail FX auction today, the Open Repo Rate (OPR)…
FINANCIAL MARKETS TODAY –27 April 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity increased significantly to a robust ₦1.31 trillion, buoyed by today’s April 2023 FGN bond maturity, compared with the opening balance of ₦525.78 billion recorded yesterday. Consequently, the…
FINANCIAL MARKETS TODAY –26 April 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity improved today with an eye-watering positive balance of ₦525.78 billion, compared with the opening balance of -₦407.88 million recorded yesterday. Consequently, the Open Repo Rate (OPR) and…
FINANCIAL MARKETS TODAY –25 April 2023
FIXED INCOME MARKETS Money Markets System liquidity opened with a negative balance of -₦407.88 million today, compared with the opening balance of -₦430.03 billion recorded as at close of last week. Nevertheless, the Open Repo Rate (OPR) and Overnight…
FINANCIAL MARKETS TODAY –20 April 2023
FIXED INCOME MARKETS Money Markets System liquidity opened with a negative balance of -₦430.03 billion today, compared with the opening balance of -₦851.25 billion recorded yesterday. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) both…
FINANCIAL MARKETS TODAY –19 April 2023
FIXED INCOME MARKETS Money Markets System liquidity opened with a negative balance of -₦851.25 billion today (driven by the FGN bond auction settlement), compared with the opening balance of -₦224.71 billion recorded yesterday. Thus, the Overnight Policy…
FINANCIAL MARKETS TODAY –18 April 2023
FIXED INCOME MARKETS Money Markets System liquidity opened with a negative balance of -₦224.71 billion today, compared with the opening balance of -₦262.28 billion recorded yesterday. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) both…
INFLATION WATCH – March 2023
Inflation Watch – Reflecting The Known Reality Nigeria’s inflation for March 2023 increased to 22.04% Y-o-Y (Est. +21.80%), an increase of c.0.13% from 21.91% Y-o-Y recorded in February 2023. Moreso, headline inflation printed higher at 1.86% M-o-M…
FINANCIAL MARKETS TODAY –17 April 2023
FIXED INCOME MARKETS Money Markets System liquidity remained depressed today, in the absence of any significant inflows. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) both remained unaltered at 18.63% and 19.00%, respectively. Outlook:…
FINANCIAL MARKETS TODAY-14 April 2023
FIXED INCOME MARKETS Money Markets System liquidity remained firmly in the negative territory, with estimated opening balance lower than c.-₦183.18 billion. However, the Overnight Policy Rate (OPR) decreased to 18.63% from18.67% that was recorded…
