FINANCIAL MARKETS WEEKLY – 24 November 2023
FIXED INCOME MARKETS Money Markets Early this week, system liquidity slipped into negative territory and further deteriorated due to the impact of NTB auction funding and the sustained presence of…
FINANCIAL MARKETS TODAY –16 October 2023
FIXED INCOME MARKETS Money Market System liquidity opened at ₦617.61 billion from ₦448.75 billion last Friday. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 6bps…
FINANCIAL MARKETS TODAY –12 October 2023
FIXED INCOME MARKETS Money Market The financial system maintained its buoyant status today, as system liquidity opened at ₦480.69 billion from ₦459.34 billion yesterday. Thus, the Open Repo Rate (OPR)…
FINANCIAL MARKETS TODAY –11 October 2023
FIXED INCOME MARKETS Money Market System liquidity opened at ₦459.34 billion from ₦496.63 billion yesterday. Thus, the Open Repo Rate (OPR) and the Overnight Rate (O/N) appreciated by 7bps and…
FINANCIAL MARKETS TODAY –10 October 2023
FIXED INCOME MARKETS Money Market System liquidity opened at ₦496.63 billion from ₦510.09 billion yesterday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 7bps and…
FINANCIAL MARKETS TODAY –09 October 2023
FIXED INCOME MARKETS Money Market Opening system liquidity declined by 4.28% to ₦510.09 billion from ₦532.89 billion last Friday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY –05 October 2023
FIXED INCOME MARKETS Money Market Following some statutory CRR deductions, the opening system liquidity declined by 55.62% to ₦572.69 billion from ₦1.29 trillion yesterday. Nonetheless, the Open Repo Rate (OPR)…
FINANCIAL MARKETS TODAY –04 October 2023
FIXED INCOME MARKETS Money Market Opening system liquidity ballooned to ₦1.29 trillion today, up by 56.78% from ₦823.07 billion yesterday. However, the Open Repo Rate (OPR) and the Overnight Rate…
Q3 2023 GDP Highlights
NIGERIA’S GDP GREW BY 2.54% IN Q3’2023 In Q3’2023, Nigeria’s Gross Domestic Product (GDP) exhibited a year-on-year growth of 2.54%, slightly below the Bloomberg estimate of 2.85%. This growth marked…
FINANCIAL MARKETS WEEKLY – 17 November 2023
FIXED INCOME MARKETS Money Markets System liquidity experienced a shortfall over the week, primarily influenced by the funding of the FGN bond auction. To provide context, there was a 74.96%…
