FINANCIAL MARKETS TODAY – 29 February 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity remained positive today. However, the Open Repo Rate and Overnight Rate increased by c.143 bps and c.80 bps to 23.00% and 23.94%,…
FINANCIAL MARKETS TODAY – 28 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity augmented to a positive level today at ₦136.16 billion from -₦549.57 billion recorded yesterday, bolstered by FAAC inflows. Consequently, the Open Repo…
FINANCIAL MARKETS TODAY – 27 February 2024
FIXED INCOME MARKETS Money Market System liquidity stayed in the negative at -₦549.57 billion slightly higher than -₦618.07 billion recorded yesterday. Nonetheless, the Open Repo Rate and Overnight Rate increased…
MPC HIGHLIGHT – FEBRUARY 2024
The highly anticipated Monetary Policy Committee (MPC) meeting, the first since July 2023 and the inaugural session under the leadership of Dr. Olayemi Cardoso following his appointment as the Governor…
FINANCIAL MARKETS TODAY – 26 February 2024
FIXED INCOME MARKETS Money Market System liquidity stayed in the negative at -₦618.07 billion slightly higher than -₦964.76 billion recorded last Friday. Consequently, the Open Repo Rate and Overnight Rate…
FINANCIAL MARKETS WEEKLY – 23 February 2024
FIXED INCOME MARKETS Money Markets After a positive open at the start of the week, system liquidity deteriorated significantly due to the substantial debits from the settlement of the NTB…
FINANCIAL MARKETS TODAY – 22 February 2024
FIXED INCOME MARKETS Money Market System liquidity deteriorated further, starting at a deficit of -₦1.31 trillion compared to yesterday’s -₦641.23 billion. This decline was primarily attributed to the settlement of…
Q4 2023 GDP Highlights
NIGERIA’S GDP GROWTH RATE AT 2.74% IN 2023 (vs 3.10% IN 2022) Nigeria’s Gross Domestic Product (GDP) witnessed a notable expansion of 3.46% year-on-year in the fourth quarter of 2023,…
FINANCIAL MARKETS TODAY – 21 February 2024
FIXED INCOME MARKETS Money Market The opening system liquidity experienced a significant decline, entering a negative zone at -₦641.23 billion, in contrast to the ₦198.79 billion reported yesterday. Consequently, both…
FINANCIAL MARKETS TODAY – 20 February 2024
FIXED INCOME MARKETS Money Market Opening system declined by 50.55% to ₦198.79 billion today, compared to ₦402.00 billion reported yesterday. Consequently, the Open Repo Rate and Overnight Rate increased by…
