MPC HIGHLIGHT – JULY 2022
Nigeria’s Monetary Policy Committee (MPC) increased its benchmark interest rate for a second successive meeting – the first time in more than a decade – to curb the accelerating inflation.…
FINANCIAL MARKETS TODAY – 19 July 2022
FIXED INCOME MARKET Money Markets System liquidity opened ca ₦25.04 billion long, significantly higher than the previous day’s opening balance of ca ₦1.69 billion short. Nonetheless, the Overnight Policy Rate…
FINANCIAL MARKETS TODAY – 18 July 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity remained in the negative territory, with an opening balance of ca -₦169.46 billion, slightly better than Friday’s opening balance of ca -₦276.90…
INFLATION WATCH – JUNE 2022
Headline Inflation in Nigeria increased to 18.60% in June 2022 Nigeria’s Consumer Price Index (CPI) for June 2022 printed higher at 18.60% Y-o-Y (Bloomberg median estimate +18.50%), an increase of…
FINANCIAL MARKETS TODAY – 15 July 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened ca ₦276.90 billion short, significantly lower than yesterday’s opening balance of ca ₦19.28 billion. However, the Overnight Policy Rate (OPR) decreased…
FINANCIAL MARKETS TODAY – 14 July 2022
FIXED INCOME MARKET Money Markets In the absence of official liquidity figures, Interbank system liquidity was estimated at c. ₦18bn long, after factoring the NTB auction settlement that took place…
FINANCIAL MARKETS TODAY – 13 July 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity improved significantly with an opening balance of ₦18.45 billion, higher than Friday’s deficit balance of ca -₦158.78 billion. However, the Overnight Policy…
FINANCIAL MARKETS TODAY – 08 July 2022
FIXED INCOME MARKET Money Markets System liquidity eased slightly today, albeit still opening in a deficit of ca -₦158.78 billion, compared to previous day’s opening balance of ca -₦220.75 billion.…
FINANCIAL MARKETS TODAY – 07 July 2022
FIXED INCOME MARKET Money Markets Liquidity in the Interbank market lingered in the negative region, with today’s opening balance at ca -₦220.75 billion, lower than yesterday’s balance of – ₦207.34…
FINANCIAL MARKETS TODAY – 06 July 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity slipped further into the deficit zone, with an opening balance of ca – ₦207.34 billion, significantly lower than yesterday’s balance of ca…
