The National Bureau of Statistics (NBS) confirmed in its monthly report, the nation’s sixth consecutive month of disinflation, with the Consumer Price Index (CPI), which measures inflation settling at 16.63% year-on-year in September 2021 vs 17.01% recorded in August 2021. This rise in consumer prices at 16.63% , higher than Bloomberg’s estimate of 16.50% is attributable to sustained decline in the prices of food items. The food sub-index declined for the sixth consecutive month, to 19.57% year-on-year from 20.30% year-on-year in August 2021, while the All items less farm produce sub-index rose to 13.74% year-on-year from 13.41% year-on-year in August 2021.
FINANCIAL MARKETS TODAY – 14 October 2021
Interbank system liquidity opened with a balance of ca ₦5.59 billion, lower than the previous day’s opening balance of ca ₦75.14 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 11.00% and 11.25% from 7.50% and 8.00% respectively, the previous day.
FINANCIAL MARKETS TODAY – 13 October 2021
Interbank system liquidity opened with a balance of ca ₦75.14 billion, lower than the previous day’s opening balance of ca ₦190.61 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 7.50% and 8.00% from 5.00% and 5.50% respectively, the previous day.
FINANCIAL MARKETS TODAY – 12 October 2021
Interbank system liquidity opened with a balance of ca ₦190.61 billion, higher than previous day’s opening balance of ca ₦91.98 billion as inflows of ca ₦110.00 billion from Open Market Operations (OMO) maturities impacted the system. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 5.00% and 5.50% from 10.00% and 10.67% respectively, the previous day.
FINANCIAL MARKETS TODAY – 11 October 2021
Interbank system liquidity opened with a balance of ca ₦91.98 billion, higher than Friday’s opening balance of ca ₦22.67 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended slightly lower to settle at 10.00% and 10.67% from 14.00% and 14.50% respectively, the previous day.
FINANCIAL MARKETS TODAY – 08 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a credit balance of ca […]
FINANCIAL MARKETS TODAY – 07 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity opened in a deficit of ca ₦16.31 […]
FINANCIAL MARKETS TODAY – 06 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a credit balance of ca […]
FINANCIAL MARKETS TODAY – 05 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a balance of ca ₦80.66 […]
FINANCIAL MARKETS TODAY – 04 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a credit balance of ca […]