FINANCIAL MARKETS TODAY – 26 February 2024
FIXED INCOME MARKETS Money Market System liquidity stayed in the negative at -₦618.07 billion slightly higher than -₦964.76 billion recorded last Friday. Consequently, the Open Repo Rate and Overnight Rate decreased by c.136 bps and c.150 bps to 23.55%…
FINANCIAL MARKETS TODAY – 22 February 2024
FIXED INCOME MARKETS Money Market System liquidity deteriorated further, starting at a deficit of -₦1.31 trillion compared to yesterday’s -₦641.23 billion. This decline was primarily attributed to the settlement of the Nigerian Treasury Bills (NTB)…
FINANCIAL MARKETS TODAY – 21 February 2024
FIXED INCOME MARKETS Money Market The opening system liquidity experienced a significant decline, entering a negative zone at -₦641.23 billion, in contrast to the ₦198.79 billion reported yesterday. Consequently, both the Open Repo Rate and Overnight…
FINANCIAL MARKETS TODAY – 20 February 2024
FIXED INCOME MARKETS Money Market Opening system declined by 50.55% to ₦198.79 billion today, compared to ₦402.00 billion reported yesterday. Consequently, the Open Repo Rate and Overnight Rate increased by 46bps and 57bps to 16.71% and 17.50%,…
FINANCIAL MARKETS TODAY – 19 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity significantly increased by 420.88% to ₦402.00 billion today, compared to Friday’s close, following some CRR refunds. Nonetheless, the Open Repo Rate and Overnight Rate increased by 46bps and…
FINANCIAL MARKETS TODAY – 15 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity fell by 32.09% from ₦439.68 billion yesterday to ₦298.61 billion today. However, the Open Repo Rate contracted by 29bps to 14.50%, while the Overnight Rate fell by 35bps to 15.11%. Outlook: We…
FINANCIAL MARKETS TODAY – 14 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased further by 67.37% from ₦262.70 billion yesterday to ₦439.68 billion today. Hence, the Open Repo Rate contracted by 82bps to 14.79%, while the Overnight Rate fell by 83bps to 15.46%.…
FINANCIAL MARKETS TODAY – 13 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased by 19.51% from ₦219.82 billion yesterday to ₦262.70 billion today. Nevertheless, the Open Repo Rate increased by 23bps to 15.61%, while the Overnight Rate fell by 19bps to 16.29%.…
FINANCIAL MARKETS TODAY – 12 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased by 87.36% from ₦117.32 billion last week to ₦219.82 billion today. Thus, the Open Repo Rate declined by 12bps to 15.38%, and the Overnight Rate lost 90bps to 16.10%. Outlook: We expect…
FINANCIAL MARKETS TODAY – 08 February 2024
FIXED INCOME MARKETS Money Market The NTB auction debit caused a significant decline in opening system liquidity, plunging to a deficit of ₦390.63 billion today, down from the positive opening balance of ₦126.66 billion yesterday. Thus, the Open Repo…
