FINANCIAL MARKETS TODAY – 28 January 2022

FIXED INCOME MARKET Money Markets                                                                                  Although Interbank system liquidity opened with a higher balance of ₦453.63 billion today against ₦281.53 billion, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended slightly higher to 1.00% and 1.25% from 0.50% and 1.00% respectively. We believe the increase in rates could have… Continue reading FINANCIAL MARKETS TODAY – 28 January 2022

FINANCIAL MARKETS TODAY – 27 January 2022

FIXED INCOME MARKET Money Markets                                                                                  Interbank system liquidity opened with a balance of ₦281.53 billion, lower than the previous day’s opening balance of ca ₦386.77 billion. However, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to 0.50% and 1.00% from 1.50% and 1.85% respectively, the previous day. Treasury… Continue reading FINANCIAL MARKETS TODAY – 27 January 2022

FINANCIAL MARKETS TODAY – 26 January 2022

FIXED INCOME MARKET Money Markets                                                                                 Interbank system liquidity opened with a balance of ₦386.77 billion, higher than the previous day’s opening balance of ca ₦318.53 billion. However, the Overnight Policy Rate (OPR) and Overnight (ON) rates remained unchanged at 1.50% and 1.85% respectively. Treasury Bills                                                                   Activity in… Continue reading FINANCIAL MARKETS TODAY – 26 January 2022

CBN HOLDS KEY POLICY RATES TO FOSTER ECONOMIC GROWTH – 25 JANUARY 2022

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its first monetary policy meeting of 2022 today, maintaining all key rates. Please see below, a summary of the committee’s decisions.   –          Retain MPR at 11.50% –          Retain CRR at 27.50% –          Retain Liquidity ratio at 30% –          Maintain an asymmetric… Continue reading CBN HOLDS KEY POLICY RATES TO FOSTER ECONOMIC GROWTH – 25 JANUARY 2022

FINANCIAL MARKETS TODAY – 25 January 2022

FIXED INCOME MARKET Money Markets                                                                                 Interbank system liquidity opened with a balance of ₦318.53 billion, significantly higher than the previous day’s opening deficit balance of ca ₦82.71 billion, as OMO maturity of  ca.₦110.00 billion impacted the system. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to… Continue reading FINANCIAL MARKETS TODAY – 25 January 2022

FINANCIAL MARKETS TODAY – 24 January 2022

FIXED INCOME MARKET Money Markets                                                                                  Interbank system liquidity opened with a deficit balance of ca ₦82.71 billion, lower than Friday’s opening positition of ca – ₦52.82 billion. Nonetheless, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to settle at 8.00% and 8.50% from 15.00% and 15.25% respectively.… Continue reading FINANCIAL MARKETS TODAY – 24 January 2022

FINANCIAL MARKETS TODAY – 14 January 2022

FIXED INCOME MARKET Money Markets                                                                                 Interbank system liquidity improved slightly today, opening with a deficit balance of ca ₦39.82 billion, higher than previous day’s opening deficit balance of ca ₦76.41 billion. Nonetheless, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended higher to settle at 14.00% and 14.75% from… Continue reading FINANCIAL MARKETS TODAY – 14 January 2022

FINANCIAL MARKETS TODAY – 13 January 2022

FIXED INCOME MARKET Money Markets                                                                                 Interbank system liquidity slipped into negative territory for the second time this week, opening with a deficit balance of ca ₦76.41 billion, lower than previous day’s opening balance of ca ₦47.41 billion. Nonetheless, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to… Continue reading FINANCIAL MARKETS TODAY – 13 January 2022

FINANCIAL MARKETS TODAY – 12 January 2022

FIXED INCOME MARKET Money Markets                                                                                  Interbank system liquidity recovered slightly today, opening with a balance of ca ₦47.41 billion, higher than previous day’s opening deficit balance of ca ₦74.98 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to settle at 15.00% and 15.75% from 15.50%… Continue reading FINANCIAL MARKETS TODAY – 12 January 2022

FINANCIAL MARKETS TODAY – 11 January 2022

FIXED INCOME MARKET Money Markets                                                                                  Interbank system liquidity nosedived to negative territory, opening with a deficit balance of ca ₦74.98 billion, lower than previous day’s balance of ca ₦30.06 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended higher to settle at 15.50% and 16.25% from 13.75%… Continue reading FINANCIAL MARKETS TODAY – 11 January 2022