Author: Deborah Akindeko

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

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

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

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

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

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

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

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