FINANCIAL MARKETS TODAY – 11 November 2021

FIXED INCOME MARKET Money Markets                                                                                  Interbank system liquidity declined further […]

FINANCIAL MARKETS TODAY – 10 November 2021

FIXED INCOME MARKET Money Markets                                                                                  Interbank system liquidity weakened slightly […]

FINANCIAL MARKETS TODAY – 08 November 2021

Interbank system liquidity improved significantly to open with a balance of ca ₦449.22 billion, higher than Friday’s opening balance of ₦41.80 billion. As a result, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to 4.75% and 5.25% from 12.00% and 12.38% respectively, the previous day

AIICO MONEY MARKET FUND NEWSLETTER -OCTOBER 2021

AIICO Money Market Fund recorded a net yield of 9.88% p.a in October 2021, slightly lower than previous month’s closing yield of 10.08% p.a. Nevertheless, outperforming its benchmark’s average yield of 2.52%. This comes off the back of investment in high yielding treasury bills and other short-term securities, with the 364-day paper closing at 6.99% for the month under review, from 7.50% the previous month. Weighted Average tenor of the assets in the fund closed at ca 53.18 days.