Nigeria’s GDP for Q4 2021 expanded further by +3.98% year-on-year
The Nigerian economy sustained its growth trajectory for the fifth consecutive quarter, as the economy recorded a real growth rate of +3.98% year-on-year in Q4 2021, with a cumulative 2021 GDP of +3.40% (from -1.92% in 2020 and higher than the Apex…
Monthly Financial Market Update – January 2022
Macroeconomic Review Nigeria’s Consumer Price Index… Festivities Drive Increase in Price Levels In December, the Consumer Price Index (CPI) expanded 15.63% Y-o-Y, a 0.23% increase from 15.40% recorded in November 2021. The composite food inflation grew…
FINANCIAL MARKETS TODAY – 18 February 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity tapered today, opening with a balance of ₦173.01 billion, significantly lower than yesterday’s balance of ca ₦459.79 billion due to the funding needs on the back of the Bond auction…
FINANCIAL MARKETS TODAY – 17 February 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity improved today, opening with a credit balance of ₦459.79 billion, up from yesterday’s balance of ca ₦440.28 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates reduced to…
FINANCIAL MARKETS TODAY – 16 February 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity stayed elevated, opening with a balance of ₦440.28 billion, up from yesterday’s opening balance of ca ₦309.73 billion amidst no noteworthy financing need. Thus, the Overnight Policy Rate…
FINANCIAL MARKETS TODAY – 15 February 2022
Macroeconomic Update Money Markets Interbank system liquidity improved significantly, to open with a credit balance of ₦309.73 billion, higher than yesterday’s opening balance of ca ₦195.31 billion, as the repayment of OMO maturities worth ca ₦135.90…
INFLATION WATCH – JANUARY 2022
Nigeria’s Headline Inflation Slows in January Nigeria’s Consumer Price Index (CPI) for January 2022 expanded by 15.60% year-on-year, down from 15.63% recorded in December 2021. The composite food sub-index grew by 17.13% year-on-year (vs. 17.37% recorded…
FINANCIAL MARKETS TODAY – 14 February 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened lower at ₦195.31 billion, compared to Friday’s opening balance of ca ₦329.34 billion. Nonetheless, the Overnight Policy Rate (OPR) and Overnight (ON) rates fell…
FINANCIAL MARKETS TODAY – 11 February 2022
FIXED INCOME MARKET Money Markets …
FINANCIAL MARKETS TODAY – 10 February 2022
FIXED INCOME MARKET Money Markets …
