FINANCIAL MARKETS TODAY –29 August 2023
FIXED INCOME MARKETS Money Market Opening system liquidity improved to ₦339.72 billion, compared with -₦260.79 billion, recorded yesterday, bolstered by FAAC credits. As a result, the Open Repo Rate (OPR)…
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FIXED INCOME MARKETS Money Market Opening system liquidity improved to ₦339.72 billion, compared with -₦260.79 billion, recorded yesterday, bolstered by FAAC credits. As a result, the Open Repo Rate (OPR)…
FIXED INCOME MARKETS Money Markets Given the drought in major inflows, opening system liquidity slid to a negative territory at ₦280.63 billion short, from ₦215.74 billion last week Friday. Consequently,…
NIGERIA’S GDP GREW BY 2.51% IN Q2’2023 Nigeria’s Q2’23 Gross Domestic Product (GDP) grew by 2.51% Y-o-Y, lower than the 2.80% estimate. Although, the growth rate was lower than 3.54%…
FIXED INCOME MARKETS Money Markets After which system liquidity opened at ₦215.74 billion this week, the bond auction settlement mopped up system liquidity to ₦33.55 billion. However, liquidity improved to…
FIXED INCOME MARKETS Money Markets Opening system liquidity improved to ₦177.47 billion long, compared to ₦33.55 billion recorded yesterday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N)…
Inflation Watch – Headline and Core (modified) Inflation at 24.08% y/y and 20.47% y/y Nigeria’s inflation for July jumped to 24.08% y/y, from 22.79% y/y in June 2023, accruing 1.29%…
FIXED INCOME MARKETS Money Markets Opening system liquidity decreased to ₦33.55 billion long, compared to ₦191.21 billion recorded yesterday, due to the FGN bond auction settlement that took place today.…
FIXED INCOME MARKETS Money Markets Opening system liquidity decreased to ₦193.20 billion long, depicting 35.23% compared to the value recorded yesterday. Consequently, the Open Repo Rate (OPR) and the Overnight…
FIXED INCOME MARKETS Money Markets Opening system liquidity decreased to ₦215.74 billion long, compared with ₦298.28 billion recorded last Friday. Consequently, the Open Repo Rate (OPR) and the Overnight Rate…
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…