FINANCIAL MARKETS TODAY – 26 February 2024
FIXED INCOME MARKETS Money Market System liquidity stayed in the negative at -₦618.07 billion slightly higher than -₦964.76 billion recorded last Friday. Consequently, the Open Repo Rate and Overnight Rate…
FINANCIAL MARKETS WEEKLY – 23 February 2024
FIXED INCOME MARKETS Money Markets After a positive open at the start of the week, system liquidity deteriorated significantly due to the substantial debits from the settlement of the NTB…
FINANCIAL MARKETS TODAY – 22 February 2024
FIXED INCOME MARKETS Money Market System liquidity deteriorated further, starting at a deficit of -₦1.31 trillion compared to yesterday’s -₦641.23 billion. This decline was primarily attributed to the settlement of…
Q4 2023 GDP Highlights
NIGERIA’S GDP GROWTH RATE AT 2.74% IN 2023 (vs 3.10% IN 2022) Nigeria’s Gross Domestic Product (GDP) witnessed a notable expansion of 3.46% year-on-year in the fourth quarter of 2023,…
FINANCIAL MARKETS TODAY – 21 February 2024
FIXED INCOME MARKETS Money Market The opening system liquidity experienced a significant decline, entering a negative zone at -₦641.23 billion, in contrast to the ₦198.79 billion reported yesterday. Consequently, both…
FINANCIAL MARKETS TODAY – 20 February 2024
FIXED INCOME MARKETS Money Market Opening system declined by 50.55% to ₦198.79 billion today, compared to ₦402.00 billion reported yesterday. Consequently, the Open Repo Rate and Overnight Rate increased by…
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…
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…
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…
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…
