INFLATION WATCH – AUGUST 2021

Nigeria’s Headline Inflation Figures: Recovery Momentum The annual inflation rate in Nigeria eased for the fifth straight month, down to 17.01% in August 2021 (from 17.38%, the previous month), and matching Bloomberg consensus estimate of 17.00%. It is the lowest inflation rate seen since January 2021, mainly due to the slowdown in food inflation. Please… Continue reading INFLATION WATCH – AUGUST 2021

FINANCIAL MARKETS TODAY – 10 September 2021

FIXED INCOME MARKET Money Markets  Banking system liquidity opened at ca ₦7.44 billion today, a slight improvement from yesterday’s deficit balance of ca -₦13.78 billion. However, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 14.00% and 14.50% from 12.50% and 13.00% respectively, the previous day. Treasury Bills The NTB… Continue reading FINANCIAL MARKETS TODAY – 10 September 2021

FINANCIAL MARKETS TODAY – 09 September 2021

FIXED INCOME MARKET Money Markets  Banking system liquidity improved slightly today, opening with a deficit of ca -₦13.78 billion today, better than the previous day’s opening of ca -₦92.05 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 12.50% and 13.00% from 8.83% and 9.33% respectively, the previous… Continue reading FINANCIAL MARKETS TODAY – 09 September 2021

FINANCIAL MARKETS TODAY – 08 September 2021

FIXED INCOME MARKET Money Markets  System liquidity is expected to be relatively stable at c.N200bn, despite the Open Buy Back (OBB) and Overnight (ON) rates trending higher to settle at 8.83% and 9.33% from 7.00% and 7.25% respectively, the previous day, amid slight funding pressure. Treasury Bills The NTB secondary market sustained its quiet stance,… Continue reading FINANCIAL MARKETS TODAY – 08 September 2021

FINANCIAL MARKETS TODAY – 07 September 2021

FIXED INCOME MARKET Money Markets   Liquidity in the banking system improved today (buoyed by OMO maturities of ₦50bn), opening with a balance of ca ₦212.74 billion, higher than the previous day’s opening of ca ₦169.91 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 7.00% and 7.25% from… Continue reading FINANCIAL MARKETS TODAY – 07 September 2021

FINANCIAL MARKETS TODAY – 06 September 2021

FIXED INCOME MARKET Money Markets   System Liquidity opened the first trading day of the week with a balance of ca ₦169.91 billion, lower than the Friday’s opening of ca ₦393.10 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 8.00% and 8.50% from 13.00% and 13.50% respectively, the… Continue reading FINANCIAL MARKETS TODAY – 06 September 2021

AIICO BALANCED FUND NEWSLETTER – AUGUST 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. Fund Performance The bargain hunting drove market performance of the domestic bourse in August as investors sought to take advantage of the potential for interim dividend following the release of half-year earnings.… Continue reading AIICO BALANCED FUND NEWSLETTER – AUGUST 2021

FINANCIAL MARKETS TODAY – 27 August 2021

FIXED INCOME MARKET Money Markets Liquidity in the banking system eased slightly today, opening with a balance of ca ₦137.27 billion, lower than the previous day’s opening of ca ₦258.10 billion. Nevertheless, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 8.33% and 8.50% from 10.00% and 10.00% respectively, the… Continue reading FINANCIAL MARKETS TODAY – 27 August 2021

FINANCIAL MARKETS TODAY – 26 August 2021

FIXED INCOME MARKET Money Markets Banking system liquidity improved today, opening with a balance of ca ₦258.10 billion, better than the previous day’s opening of ca – ₦80.92 billion. As a result, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 10.00% and 10.00% from 13.00% and 13.33% respectively, the… Continue reading FINANCIAL MARKETS TODAY – 26 August 2021

FINANCIAL MARKETS TODAY – 25 August 2021

FIXED INCOME MARKET Money Markets Liquidity in the banking system slipped into a deficit to open at ca – ₦80.92 billion today, lower than yesterday’s opening balance of ca ₦113.41 billion. However, with no significant funding activity, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 13.00% and 13.33% from… Continue reading FINANCIAL MARKETS TODAY – 25 August 2021