FINANCIAL MARKETS TODAY – 13 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased by 19.51% from ₦219.82 billion yesterday to ₦262.70 billion today. Nevertheless, the Open Repo Rate increased by 23bps to 15.61%, while…
Monthly Financial Market Update – January 2024
Global Macroeconomic Review The recent global economic outlook by the International Monetary Fund (IMF) forecasted the global economic growth rate at 3.10% y/y for 2024, which was an upward revision…
FINANCIAL MARKETS TODAY – 12 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased by 87.36% from ₦117.32 billion last week to ₦219.82 billion today. Thus, the Open Repo Rate declined by 12bps to 15.38%,…
AIICO BALANCED FUND NEWSLETTER – JANUARY 2024
OVERVIEW AIICO Balanced Fund is an open-ended mutual fund, investing in Fixed income instruments, Money market instruments and both Quoted and Unquoted equities. INVESTMENT OBJECTIVE The investment objective of the…
FINANCIAL MARKETS WEEKLY – 09 February 2024
FIXED INCOME MARKETS Money Markets System liquidity was supported by bilateral swap maturities during the week, despite NTB auction funding. For context, system liquidity increased from -₦307.65 billion to ₦117.33…
FINANCIAL MARKETS TODAY – 08 February 2024
FIXED INCOME MARKETS Money Market The NTB auction debit caused a significant decline in opening system liquidity, plunging to a deficit of ₦390.63 billion today, down from the positive opening…
FINANCIAL MARKETS TODAY – 07 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased by 144.73% to ₦126.66 billion long today, buoyed by bilateral swap maturities. However, the Open Repo Rate increased by 308bps to…
FINANCIAL MARKETS TODAY – 06 February 2024
FIXED INCOME MARKETS Money Market System liquidity improved to a positive level as it opened at ₦51.76 billion long, compared with yesterday’s opening balance of -₦172.43 billion. Consequently, the Open…
FINANCIAL MARKETS TODAY – 05 February 2024
FIXED INCOME MARKETS Money Market System liquidity remained negative, opening at -₦172.43 billion, compared with Friday’s opening balance of -₦307.65 billion. Consequently, the Open Repo Rate increased by 190bps to…
FINANCIAL MARKETS WEEKLY – 02 February 2024
FIXED INCOME MARKETS Money Markets System liquidity was propelled by FAAC credit at the start of the week but drifted significantly lower into the negative zone throughout the week. The…
