FINANCIAL MARKETS TODAY – 19 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity significantly increased by 420.88% to ₦402.00 billion today, compared to Friday’s close, following some CRR refunds. Nonetheless, the Open Repo Rate and Overnight Rate increased by 46bps and…
FINANCIAL MARKETS WEEKLY – 16 February 2024
FIXED INCOME MARKETS Money Markets System liquidity remained positive throughout the week, albeit experiencing a decrease at week’s end, dropping by 34.22% to ₦77.17 billion compared to ₦117.33 billion the previous week. The Open Repo Rate (OPR)…
INFLATION WATCH – JANUARY 2024
Inflation Watch – Nigeria’s Inflation: To The Moon ! In January 2024, Nigeria’s headline inflation surged, accelerating by 0.98% to 29.90% y/y (estimated at 29.5% y/y), compared to 28.92% y/y in December 2023. Monthly headline inflation…
FINANCIAL MARKETS TODAY – 15 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity fell by 32.09% from ₦439.68 billion yesterday to ₦298.61 billion today. However, the Open Repo Rate contracted by 29bps to 14.50%, while the Overnight Rate fell by 35bps to 15.11%. Outlook: We…
FINANCIAL MARKETS TODAY – 14 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased further by 67.37% from ₦262.70 billion yesterday to ₦439.68 billion today. Hence, the Open Repo Rate contracted by 82bps to 14.79%, while the Overnight Rate fell by 83bps to 15.46%.…
AIICO MONEY MARKET FUND NEWSLETTER – January 2024
OVERVIEW AIICO Money Market fund is an open-ended collective investment vehicles that pools investment monies from various individuals, Corporate organizations and High Net-worth Clients (HNC) for the purpose of investing in money market securities,…
FINANCIAL MARKETS TODAY – 13 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased by 19.51% from ₦219.82 billion yesterday to ₦262.70 billion today. Nevertheless, the Open Repo Rate increased by 23bps to 15.61%, while the Overnight Rate fell by 19bps to 16.29%.…
Monthly Financial Market Update – January 2024
Global Macroeconomic Review The recent global economic outlook by the International Monetary Fund (IMF) forecasted the global economic growth rate at 3.10% y/y for 2024, which was an upward revision from 2.90% estimated in October 2023. Also, the…
FINANCIAL MARKETS TODAY – 12 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased by 87.36% from ₦117.32 billion last week to ₦219.82 billion today. Thus, the Open Repo Rate declined by 12bps to 15.38%, and the Overnight Rate lost 90bps to 16.10%. Outlook: We expect…
AIICO BALANCED FUND NEWSLETTER – JANUARY 2024
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…
