FINANCIAL MARKETS TODAY – 16 September 2021

Interbank system liquidity opened with a deficit of ca ₦102.18 billion today, worse than previous day’s opening balance of ca ₦64.56billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 7.00% and 7.75% from 13.00% and 13.55% respectively, the previous day.

Re: FINANCIAL MARKETS TODAY – 15 September 2021

The National Bureau of Statistics (NBS) confirmed in its monthly report, the nation’s fifth consecutive month of disinflation, with the Consumer Price Index (CPI), which measures inflation settling at 17.01% year-on-year in August 2021 vs 17.38% recorded in July 2021. The Food and Core sub indices both grew at slower rates in the month, settling at 20.30% and 13.41% year-on-year in August 2021 from 21.03% and 13.72% respectively, in July 2021. This is attributable to the persistent decrease in food prices.

We expect continued disinflation in the near term, due to the high base-effect of last year.

FINANCIAL MARKETS TODAY – 14 September 2021

Banking system liquidity opened with a deficit of ca ₦94.47 billion today, lower than previous day’s opening deficit of ca ₦15.07 billion, despite inflows from Open Market Operations (OMO) maturities of ca ₦38.00 billion. However, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 14.00% and 14.50% from 14.50% and 14.75% respectively, the previous day.

FINANCIAL MARKETS TODAY – 13 September 2021

today, lower than Friday’s opening of ca ₦7.44 billion. However, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 14.50% and 14.75% from 14.00% and 14.50% respectively, the previous day.

FINANCIAL MARKETS TODAY – 03 September 2021

₦393.10 billion, lower than previous day’s opening of ca ₦431.83 billion. The Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 13.00% and 13.50% from 4.33% and 4.83% respectively the previous day, as most banks had to fund for the FX retail auction that held today.

AIICO MONEY MARKET FUND NEWSLETTER – August 2021

AIICO Money Market fund is an open-ended collective investment vehicles that pools investment monies from various individuals, Corporate organizations and High Net-worth Clients (HNC) for the purpose of investing in money market securities, designed to produce short to medium term growth, income or a combination of the two.

FINANCIAL MARKETS TODAY – 02 September 2021

FIXED INCOME MARKET Money Markets System liquidity reduced marginally today, opening with a balance of ca ₦431.83 billion, lower than previous day’s opening of ca ₦432.62 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 4.33% and 4.83% from 4.50% and 5.00% respectively, the previous day. Treasury Bills… Continue reading FINANCIAL MARKETS TODAY – 02 September 2021

FINANCIAL MARKETS TODAY – 01 September 2021

System liquidity improved today, opening with a balance of ca ₦432.62 billion, higher than previous day’s opening of ca ₦237.91 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 4.50% and 5.00% from 6.00% and 6.50% respectively, the previous day.

FINANCIAL MARKETS TODAY – 31 August 2021

System liquidity opened with a balance of ca ₦237.92 billion, as OMO maturities of ₦57.00 billion impacted the system. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 6.00% and 6.50% from 6.50% and 7.17% respectively, the previous day.

FINANCIAL MARKETS TODAY – 30 August 2021

Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 6.50% and 7.17% from 8.33% and 8.50% respectively on Friday, suggesting higher liquidity levels in the system today. The Central Bank of Nigeria (CBN) today, rolled over maturing special bills of ca ₦4.5 trillion for ca 35, 63 and 91 days respectively, with the longest tenor offered around 6.00% levels.