FINANCIAL MARKETS WEEKLY – 16 June 2023
FIXED INCOME MARKETS Money Markets Market liquidity sustained a positive balance over the week, amid the recent policy reforms by the new administration. To expatiate, the suspension of the CBN Governor, Mr Godwin Emefiele also signalled a momentary…
INFLATION WATCH – May 2023
Inflation Watch – A Further Uptick in Inflation for May Nigeria’s inflation for May 2023 increased to 22.41% Y-o-Y (Est. +22.10%), an increase of c.0.19% from 22.22% Y-o-Y recorded in April 2023. Moreso, headline inflation grew at 1.94% M-o-M in…
FINANCIAL MARKETS TODAY –15 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity settled at ₦156.39 billion, from ₦168.47 billion recorded yesterday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) both declined by 10bps to 11.60% and 12.10% respectively.…
FINANCIAL MARKETS TODAY –14 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity settled at ₦168.47 billion, from ₦198.75 billion recorded yesterday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 20bps and 10bps to 11.70% and 12.20%…
FINANCIAL MARKETS TODAY –13 June 2023
FIXED INCOME MARKETS Money Markets In the absence of official data from the Central Bank of Nigeria (CBN), opening system liquidity figure was estimated to be in the positive territory. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY –09 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity settled at c.₦ 538.90 billion long, compared with yesterday’s opening balance of ₦765.13 billion. The Open Repo Rate (OPR) and the Overnight Rate (O/N) both increased by 20bps to 11.70% and…
FINANCIAL MARKETS WEEKLY – 09 June 2023
FIXED INCOME MARKETS Money Markets System liquidity amplified by 134.17% week-on-week from ₦230.13 billion at close of last week to settle at ₦538.90 billion today. This was catalyzed by inflows from Swap maturities during the week. However, the Open…
FINANCIAL MARKETS TODAY –08 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity improved to c.₦765.13 billion long, compared with yesterday’s opening balance of ₦659.87 billion. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N) fell by 13bps and 10bps to…
AIICO BALANCED FUND NEWSLETTER – May 2023
OVERVIEW AIICO Balanced Fund is an open-ended mutual fund, investing in Fixed income instruments, Money market instruments and both Quoted and Unquoted equities. INVESTMENT OBJECTIVE The investment objective of the Fund is to create medium to long term…
FINANCIAL MARKETS TODAY –07 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity improved to c.₦659.87 billion long, compared with yesterday’s opening balance of ₦370.70 billion. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) remained unchanged at 11.63% and…
