FINANCIAL MARKETS TODAY –31 May 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity decreased to c. ₦114.79 billion long, compared with the opening balance of ₦229.11 billion long, recorded yesterday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) both…
FINANCIAL MARKETS TODAY –30 May 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity decreased to c. ₦229.11 billion long, compared with the opening balance of ₦278.44 billion long, recorded last week Friday. Consequently, both the Open Repo Rate (OPR) and the Overnight Rate…
FINANCIAL MARKETS WEEKLY –26 May 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased this week following the influx of FAAC monthly disbursement at the early part of the week. For context, system liquidity increased by 18.14% to ₦278.44 billion, week-on-week.…
FINANCIAL MARKETS TODAY –26 May 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity decreased to c. ₦278.44 billion long, compared with the opening balance of ₦489.03 billion long, recorded yesterday. Consequently, both the Open Repo Rate (OPR) and the Overnight Rate (O/N)…
MPC HIGHLIGHT – MAY 2023
The Monetary Policy Committee (MPC) concluded its 2-day meeting today and raised the benchmark interest rate by 50bps to 18.50%. Please see below, a summary of the committee’s decisions: – MPR…
FINANCIAL MARKETS TODAY –25 May 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity decreased to c. ₦489.03 billion long, compared with the opening balance of ₦531.32 billion long, recorded yesterday. Consequently, the Open Repo Rate (OPR) increased to 11.25%, while the…
Q1 2023 GDP Highlights
NIGERIA’S GDP GREW BY 2.31% IN Q1’2023 Nigeria’s Q1 2023 Gross Domestic Product (GDP) grew by 2.31% Y-o-Y, lower than the 2.85% estimate. Although, the growth rate was lower than 3.52% in Q4’2022 and 3.11% in Q1’2022, the real GDP growth rate…
FINANCIAL MARKETS TODAY –24 May 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity increased to c. ₦531.32 billion long, compared with the opening balance of ₦382.74 billion long, recorded yesterday. Nonetheless, the Open Repo Rate (OPR) increased to 11.13%, while the…
FINANCIAL MARKETS TODAY –23 May 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity increased to c. ₦382.74 billion long, compared with the opening balance of ₦18.11 billion long, recorded yesterday. This was bolstered by FAAC inflows. Consequently, the Open Repo Rate (OPR) and…
FINANCIAL MARKETS TODAY –22 May 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity increased to c. ₦18.11billion long, compared with the opening balance of ₦14.55 billion long, recorded last week Friday. Consequently, the Open Repo Rate (OPR) and Overnight Rate (O/N) declined…
