FINANCIAL MARKETS TODAY – 03 April 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity saw a significant increase of +437.99%, rising from ₦104.61 billion reported yesterday to ₦562.79 billion today. However, both the Open Repo Rate and the Overnight Rate experienced upward…
FINANCIAL MARKETS TODAY – 02 April 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity showed a significant improvement, increasing by 130.83% from ₦45.32 billion last Thursday to ₦104.61 billion today. Consequently, the Open Repo Rate dropped by 382 bps to 23.47%, and the…
FINANCIAL MARKETS TODAY – 27 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity returned to its positive levels, with opening balance at ₦285.27 billion from -₦16.28 billion reported yesterday. Nonetheless, the Open Repo Rate rose by 64 bps to 26.93%, while the Overnight Rate…
FINANCIAL MARKETS TODAY – 26 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity experienced a deficit balance today, opening at approximately -₦16.28 billion, a significant decrease from the ₦98.84 billion reported yesterday. As a result, the Open Repo Rate rose by 69 bps to…
FINANCIAL MARKETS TODAY – 25 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity stayed positive, as it opened at c.₦98.84 billion compared to ₦52.77 billion reported last Friday. Consequently, the Open Repo Rate declined by 62bps to 25.60%, while the Overnight Rate eased by 84 bps,…
FINANCIAL MARKETS TODAY – 21 March 2024
FIXED INCOME MARKETS MONEY MARKETS Today, system liquidity opened lower at c.₦47.67 billion compared to ₦97.44 billion reported yesterday. As a result, the Open Repo Rate increased by 76bps to 26.43%, while the Overnight Rate increased by 74 bps, to…
FINANCIAL MARKETS TODAY – 20 March 2024
FIXED INCOME MARKETS MONEY MARKETS Opening liquidity system improved, shifting to a positive balance of c.₦97.44 billion compared to yesterday’s deficit of -₦125.87 billion. This improvement occurred despite the settlement of the FGN bond auction…
FINANCIAL MARKETS TODAY – 19 March 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity surged into positive territory, reaching c.₦125.87 billion from yesterday’s reported deficit of around -₦351.51 billion. Consequently, the Open Repo Rate witnessed a decrease of 247 bps,…
FINANCIAL MARKETS TODAY – 18 March 2024
FIXED INCOME MARKETS MONEY MARKETS The market saw continued negative system liquidity, although it showed some improvement compared to the previous Friday, owing to inflows from coupons providing some support to the financial system. Specifically,…
FINANCIAL MARKETS TODAY – 14 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained in the negative territory, but slightly better than yesterday, given the coupon inflows and 2024 FGN Bond maturity. Specifically, it opened at -c.₦675.98 billion today compared with…
