FINANCIAL MARKETS TODAY – 18 July 2024
FIXED INCOME MARKETS Money Market Opening system liquidity remained in the negative. Although, some inflows from bond coupon relatively supported system liquidity. Thus, the Open Repo Rate (OPR) declined by 1 bp to 31.84%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 17 July 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained negative. Thus, the Open Repo Rate (OPR) increased by 45 bps to 31.85%, while the Overnight Rate (O/N) increased by 30 bps to 32.43%. Outlook: We expect interbank rates to hover around similar…
FINANCIAL MARKETS TODAY – 16 July 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity opened with a negative balance. Nonetheless, the Open Repo Rate (OPR) decreased by 7 bps to 31.40%, while the Overnight Rate (O/N) lost 6 bps to 32.13%. Outlook: We expect interbank rates to stay…
FINANCIAL MARKETS TODAY – 15 July 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity stayed negative today. However, the Open Repo Rate (OPR) eased by 14 bps to 31.47%, while the Overnight Rate (O/N) decreased by 26 bps to 32.19%. Outlook: We expect interbank rates to remain…
INFLATION WATCH – JUNE 2024
Inflation Watch – The Upward Trend in Month-on-Month Inflation Resumes Nigeria’s headline inflation for June 2024 accelerated to 34.19% y/y from 33.95% y/y in May, according to data from the National Bureau of Statistics (NBS). In addition,…
FINANCIAL MARKETS WEEKLY – 12 JULY 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity balance was in deficit throughout the week, despite a slight improvement from the previous week. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 45bps and 8bps to 31.61%…
FINANCIAL MARKETS TODAY – 11 July 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity stayed short today. However, the Open Repo Rate (OPR) eased by 35 bps to 31.75%, while the Overnight Rate (O/N) decreased by 16 bps to 32.60%. Outlook: We expect interbank rates to remain…
FINANCIAL MARKETS TODAY – 10 July 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity remained negative. Thus, the Open Repo Rate (OPR) increased by 8 bps to 32.10%, while the Overnight Rate (O/N) expanded by 21 bps to 32.576%. Outlook: We expect interbank rates to remain…
FINANCIAL MARKETS TODAY – 09 July 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity remained in the negative territory. Consequently, the Open Repo Rate (OPR) increased by 35 bps to 32.02%, while the Overnight Rate (O/N) expanded by 27 bps to 32.55%. Outlook: We expect…
FINANCIAL MARKETS TODAY – 08 July 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity remained in the negative territory. Nevertheless, the Open Repo Rate (OPR) declined by 39 bps to 31.67%, while the Overnight Rate (O/N) fell by 25 bps to 32.28%. Outlook: We expect interbank…
