FINANCIAL MARKETS TODAY –22 June 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity decreased to ₦668.52 billion long, compared with yesterday’s opening balance of ₦900.25 billion. Thus, the Open Repo Rate (OPR) and the Overnight Rate (O/N) decreased by 267ps and 290bps to…
FINANCIAL MARKETS TODAY –21 June 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased to ₦900.25 billion long, compared with yesterday’s opening balance of ₦866.57 billion. The Open Repo Rate (OPR) and the Overnight Rate (O/N) decreased by 10bps and 20bps to 11.50% and…
FINANCIAL MARKETS TODAY –20 June 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased to ₦866.57 billion long, compared with yesterday’s opening balance of ₦711.13 billion. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) both remained unchanged at…
FINANCIAL MARKETS TODAY –19 June 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased to ₦711.13 billion long, compared with last week’s Friday opening balance of ₦411.84 billion. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) both remained unchanged…
FINANCIAL MARKETS TODAY –16 June 2023
FIXED INCOME MARKETS Money Markets Estimated opening system liquidity figure printed at ₦156.39 billion long. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) both remained unchanged at 11.60% and 12.10% respectively. Outlook: We expect…
FINANCIAL MARKETS TODAY –15 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity settled at ₦156.39 billion, from ₦168.47 billion recorded yesterday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) both declined by 10bps to 11.60% and 12.10% respectively.…
FINANCIAL MARKETS TODAY –14 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity settled at ₦168.47 billion, from ₦198.75 billion recorded yesterday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 20bps and 10bps to 11.70% and 12.20%…
FINANCIAL MARKETS TODAY –13 June 2023
FIXED INCOME MARKETS Money Markets In the absence of official data from the Central Bank of Nigeria (CBN), opening system liquidity figure was estimated to be in the positive territory. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY –09 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity settled at c.₦ 538.90 billion long, compared with yesterday’s opening balance of ₦765.13 billion. The Open Repo Rate (OPR) and the Overnight Rate (O/N) both increased by 20bps to 11.70% and…
FINANCIAL MARKETS TODAY –08 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity improved to c.₦765.13 billion long, compared with yesterday’s opening balance of ₦659.87 billion. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N) fell by 13bps and 10bps to…
