Nigeria’s GDP for Q2 2021 expanded by +5.01% year-on-year
Data released by the National Bureau of Statistics (NBS) show that the Nigerian economy expanded for the third consecutive quarter, growing at its fastest pace since Q4 2014. The Nation’s Gross Domestic Product (GDP) grew by 5.01% year-on-year in Q2…
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…
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…
FINANCIAL MARKETS TODAY – 24 August 2021
FIXED INCOME MARKET Money Markets Banking system liquidity improved significantly, to open with ca ₦113.41 billion today, higher than yesterday’s opening balance of ca – ₦211.03 billion as the repayment of OMO maturities hit the system. Thus, the…
FINANCIAL MARKETS TODAY – 23 August 2021
FIXED INCOME MARKET Money Markets Liquidity in the banking system slipped further into a deficit to open at ca – ₦211.03 billion, lower than Friday’s opening of ca ₦- ₦72.32 billion. However, the Open Buy Back (OBB) and Overnight (ON) rates trended…
FINANCIAL MARKETS TODAY – 20 August 2021
FIXED INCOME MARKET Money Markets System liquidity declined today, opening in a deficit of ca – ₦72.32 billion, lower than previous day’s opening of ca ₦8.33 billion. As a result, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to…
FINANCIAL MARKETS TODAY – 19 August 2021
ystem liquidity improved slightly today, opening with a balance of ca ₦8.33 billion, higher than previous day’s opening of ca -₦7.60 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 17.67% and 18.33% from…
FINANCIAL MARKETS TODAY – 18 August 2021
System liquidity declined today, opening with a deficit of ca ₦7.60 billion, lower than previous day’s opening of ca ₦21.78 billion. Consequently, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 17.50% and 17.75% from 17.00%…
FINANCIAL MARKETS TODAY – 17 August 2021
Nigeria’s headline inflation eased for the fourth consecutive month, settling at 17.38% year-on-year in July 2021 vs 17.75% recorded in June 2021. This comes on the back of persistent decrease in food prices, with the food sub index declining to ca…
INFLATION WATCH – JULY 2021
Nigeria’s Headline Inflation Figures: Sustained downward Trajectory Nigeria’s headline inflation fell for the fourth consecutive month, down 37bps Y-o-Y to 17.38% (from 17.75% in June’21). The inflation rate came in 12bps lower than the Bloomberg…
