FINANCIAL MARKETS TODAY – 21 January 2022

FIXED INCOME MARKET Money Markets The Overnight Policy Rate (OPR) and Overnight (ON) rates trended higher to settle at 15.00% and 15.25% from 11.00% and 11.50%, on the back of today’s retail FX auction and the Bond auction settlement. Treasury Bills The NTB secondary market closed the week slightly bullish, with demand  for select NTB… Continue reading FINANCIAL MARKETS TODAY – 21 January 2022

FINANCIAL MARKETS TODAY – 20 January 2022

FIXED INCOME MARKET Money Markets Interbank system liquidity slipped into a deficit, opening with a balance of ca -₦5.77 billion, lower than yesterday’s balance of ca ₦37.29 billion. Nonetheless,  the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to settle at 11.00% and 11.50% from 13.25% and 13.50%, due to Retail SMIS refunds.… Continue reading FINANCIAL MARKETS TODAY – 20 January 2022

FINANCIAL MARKETS TODAY – 19 January 2022

FIXED INCOME MARKET Money Markets  Interbank system liquidity opened the day with a credit balance of ca ₦37.29 billion, albeit lower than yesterday’s balance of ₦60.78 billion. Thus, the Overnight policy Rate (OPR) and Overnight (ON) rates trended higher to settle at 13.25% and 13.50% from 12.50% and 13.00% respectively. Treasury Bills The NTB secondary… Continue reading FINANCIAL MARKETS TODAY – 19 January 2022

FINANCIAL MARKETS TODAY – 18 January 2022

FIXED INCOME MARKET Money Markets  Interbank system liquidity improved today (buoyed by OMO maturities worth ca ₦130 billion and coupon inflows – ca ₦65 billion), opening with a credit balance of ca ₦60.78 billion, higher than yesterday’s deficit balance of ₦34.01 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to… Continue reading FINANCIAL MARKETS TODAY – 18 January 2022

FINANCIAL MARKETS TODAY – 17 January 2022

FIXED INCOME MARKET Money Markets  Interbank system liquidity opened the week with a negative balance of ca -₦34.01 billion, lower than Friday’s balance of ca ₦39.81 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended higher to settle at 14.50% and 15.25% from 13.50% and 14.25%, respectively. Treasury Bills The NTB secondary… Continue reading FINANCIAL MARKETS TODAY – 17 January 2022

INFLATION WATCH – DECEMBER 2021

Nigeria’s Headline Inflation Figures: A change in trajectory Nigeria’s Consumer Price Index (CPI) for December 2021 expanded by 15.63% year-on-year, up from 15.40% recorded in November 2021, following 8 consecutive months of decline. This rise can be attributed to increased consumer spending observed during the yuletide season. The composite food inflation grew by 17.37% year-on-year… Continue reading INFLATION WATCH – DECEMBER 2021

FINANCIAL MARKETS TODAY – 07 January 2022

FIXED INCOME MARKET Money Markets Interbank system liquidity tapered further to open with a credit balance of ca ₦201.53 billion, lower than yesterday’s balance of ca ₦260.97 billion. However, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended higher to settle at 14.00% and 14.75% from 3.50% and 4.25% respectively, due to the funding… Continue reading FINANCIAL MARKETS TODAY – 07 January 2022

FINANCIAL MARKETS TODAY – 06 January 2022

FIXED INCOME MARKET Money Markets Interbank system liquidity somewhat eased, albeit opening with a credit balance of ca ₦260.97 billion, a decline from yesterday’s balance of ca ₦274.55 billion. Thus, with no significant funding, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to settle at 3.50% and 4.25% from 4.50% and 5.25%,… Continue reading FINANCIAL MARKETS TODAY – 06 January 2022

FINANCIAL MARKETS TODAY – 05 January 2022

FIXED INCOME MARKET Money Markets Interbank system liquidity improved today, opening with a credit balance of ca ₦274.55 billion, an increase from yesterday’s balance of ca ₦252.22 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to settle at 4.50% and 5.25% from 6.67% and 7.50% respectively. Treasury Bills The NTB… Continue reading FINANCIAL MARKETS TODAY – 05 January 2022

AIICO BALANCED FUND NEWSLETTER -DECEMBER 2021

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 Fund is to create medium to long term capital growth as well as yearly income streams from declared dividends for unit holders. The fund also… Continue reading AIICO BALANCED FUND NEWSLETTER -DECEMBER 2021