FINANCIAL MARKETS WEEKLY – 30 June 2023
FIXED INCOME MARKETS Money Markets System liquidity remained firmly positive this week, with FAAC inflows bolstering liquidity by 87.44% to ₦1.15 trillion from ₦613.33 billion recorded last week. Consequently, the Open Repo Rate (OPR) and Overnight Rate…
FINANCIAL MARKETS TODAY –27 June 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity settled at ₦898.90 billion long, compared with yesterday’s opening balance of ₦574.64 billion. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 64ps and 66bps to…
FINANCIAL MARKETS WEEKLY – 26 June 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity settled at ₦574.64 billion long, compared with last Friday’s opening balance of ₦668.52 billion. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 90ps and 60bps to…
FINANCIAL MARKETS WEEKLY – 23 June 2023
FIXED INCOME MARKETS Money Markets System liquidity stayed elevated this week, even as additional inflows propped up liquidity. To quantify, system liquidity increased by 292.18% from ₦156.39 billion last week to ₦613.33 billion today. Consequently, the…
FINANCIAL MARKETS TODAY –23 June 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity decreased to ₦613.33 billion long, compared with yesterday’s opening balance of ₦668.52.25 billion. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) decreased by 593ps and…
FINANCIAL MARKETS TODAY –22 June 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity decreased to ₦668.52 billion long, compared with yesterday’s opening balance of ₦900.25 billion. Thus, the Open Repo Rate (OPR) and the Overnight Rate (O/N) decreased by 267ps and 290bps to…
FINANCIAL MARKETS TODAY –21 June 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased to ₦900.25 billion long, compared with yesterday’s opening balance of ₦866.57 billion. The Open Repo Rate (OPR) and the Overnight Rate (O/N) decreased by 10bps and 20bps to 11.50% and…
FINANCIAL MARKETS TODAY –20 June 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased to ₦866.57 billion long, compared with yesterday’s opening balance of ₦711.13 billion. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) both remained unchanged at…
FINANCIAL MARKETS TODAY –19 June 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased to ₦711.13 billion long, compared with last week’s Friday opening balance of ₦411.84 billion. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) both remained unchanged…
FINANCIAL MARKETS TODAY –16 June 2023
FIXED INCOME MARKETS Money Markets Estimated opening system liquidity figure printed at ₦156.39 billion long. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) both remained unchanged at 11.60% and 12.10% respectively. Outlook: We expect…
