FINANCIAL MARKETS TODAY – 15 April 2025
Money Market Interbank liquidity improved substantially at today’s opening, boosted by inflows from Remita and other state-related credits. This liquidity injection prompted a modest easing in interbank rates: the Overnight Policy Rate (OPR) fell 9…
AIICO EUROBOND FUND NEWSLETTER – MARCH 2025
OVERVIEW AIICO Eurobond Fund is an open-ended Dollar denominated mutual fund, strategically investing in high-quality Nigeria sovereign & non-sovereign Eurobonds and in investment-grade money market instruments. INVESTMENT OBJECTIVES The investment…
FINANCIAL MARKETS TODAY – 14 April 2025
Money Market Interbank liquidity tightened at market open today, despite ₦28.11 billion in FGN Bond coupon inflows and CBN FX settlements. Interbank rates showed modest upward movement, with the Overnight Policy Rate (OPR) rising 9bps to 26.67% and the…
FINANCIAL MARKETS WEEKLY – 11 APRIL 2025
Money Markets The interbank market opened the week with a robust liquidity surplus of ₦906.85 billion, supporting stable short-term rates. However, liquidity declined significantly by ₦603.81 billion to close at ₦303.04 billion due to CBN FX settlements,…
FINANCIAL MARKETS TODAY – 10 April 2025
Money Market Interbank liquidity tightened sharply today after NTB auction settlements and substantial CBN FX outflows, pushing the Overnight Policy Rate (OPR) up 33bps to 26.83% and Overnight Rate (O/N) rate to 27.29%. Outlook: We anticipate interbank…
FINANCIAL MARKETS TODAY – 09 April 2025
Money Market Interbank liquidity opened lower at ~₦341 billion but maintained a positive balance. Rates showed no material movement, as the Overnight Policy Rate (OPR) stabilized at 26.50% while the Overnight Rate (O/N) closed at 26.96%. Outlook:…
FINANCIAL MARKETS TODAY – 08 April 2025
Money Market Interbank liquidity stayed strong despite a modest decline to ~₦757 billion, keeping rates steady—the Overnight Policy Rate (OPR) at 26.50% and Overnight Rate (O/N) at 26.94%. Outlook: Interbank rates are likely to rise slightly tomorrow as…
FINANCIAL MARKETS TODAY – 07 April 2025
Money Market Interbank liquidity remained robust, exceeding ₦900 billion in surplus, keeping rates stable—the Overnight Policy Rate (OPR) held at 26.50% and the Overnight Rate (O/N) at 26.95%. Outlook: Interbank rates should hold steady unless unforeseen…
Monthly Financial Market Update – March 2025
Global Macroeconomic Review United States: The U.S. economy exhibited signs of cooling inflation in February 2025, with the Consumer Price Index (CPI) rising 0.2% m/m (2.80% y/y) and core CPI slowing to 3.1% annually—the lowest since April 2021. While…
FINANCIAL MARKETS WEEKLY – 04 APRIL 2025
Money Markets The interbank market sustained robust liquidity throughout the week, largely driven by ₦651 billion in OMO maturities, which helped keep short-term rates stable despite CBN’s CRR debits. Early in the week, both the Overnight Policy Rate…
