FINANCIAL MARKETS TODAY – 20 May 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity is estimated to have opened in a deficit of -₦622.46 billion. Consequently, the Open Repo Rate (OPR) increased by 29bps to 30.25%, while…
FINANCIAL MARKETS WEEKLY – 17 MAY 2024
FIXED INCOME MARKETS MONEY MARKETS This week, system liquidity remained at negative levels and was further exacerbated by the FGN local bonds auction settlement of about ₦682.07 billion (Non-competitive allotment…
FINANCIAL MARKETS TODAY – 16 May 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity opened negative, despite showing an improvement from yesterday’s balance. It increased from -₦560.07 billion to -₦427.15 billion. Consequently, the Open Repo Rate (OPR)…
FINANCIAL MARKETS TODAY – 15 May 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity plunged lower today from -₦323.25 billion yesterday to -₦560.07 billion today. Consequently, the Open Repo Rate (OPR) increased by 119bps to 30.88%,…
INFLATION WATCH – APRIL 2024
Inflation Watch – Nigerian Inflation accelerates to 33.69% in April. In April, Nigeria’s headline inflation increased to 33.69% year-on-year from 33.20% in March 2024 (Bloomberg’s estimate: 34.20%). However, monthly headline…
FINANCIAL MARKETS TODAY – 14 May 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity declined further today, from -₦298.28 billion reported yesterday to -₦323.25 billion today. Consequently, the Open Repo Rate (OPR) increased by 83bps to…
FINANCIAL MARKETS TODAY – 13 May 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity opened short today, at -₦298.28 billion from ₦81.10 billion surplus reported last week Friday. Consequently, the Open Repo Rate (OPR) increased by 86bps…
FINANCIAL MARKETS WEEKLY – 10 MAY 2024
FIXED INCOME MARKETS MONEY MARKETS After a positive opening balance at the start of the week, the sale of ₦260.55 billion worth of OMO bills drained the system liquidity, resulting…
Monthly Financial Market Update – April 2024
Global Macroeconomic Review United States: The hope for stability in the prices of goods and services continued to wane as the recent inflation data reignited concerns around sticky inflation, uncertainty…
FINANCIAL MARKETS TODAY – 09 May 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity improved to ₦294.27 billion from -₦46.40 billion reported yesterday. Consequently, the Open Repo Rate (OPR) declined by 74bps to 28.22%, while the…
