Category: Daily Market Report

FIXED INCOME MARKET Money Markets Interbank system liquidity improved today, opening in a deficit of ca ₦51.81 billion, better than the previous day’s opening deficit of ca ₦69.74 billion. Thus,…

FIXED INCOME MARKET The Monetary Policy Committee (MPC) concluded its final policy meeting for the year, retaining all key policy rates – The Monetary Policy Rate (MPR), Cash Reserve Ratio…

FIXED INCOME MARKET Money Markets Interbank system liquidity opened the week with a deficit balance of ca ₦258.72 billion, worse than Friday’s opening deficit of ca ₦237.13 billion. Nevertheless, the…

FIXED INCOME MARKET Money Markets Interbank system liquidity tapered today, closing the week with a deficit balance of ca -₦237.13 billion, significantly lower than the previous day’s balance of ca…

MACROECONOMIC UPDATE The National Bureau of Statistics (NBS) published the Gross Domestic Product (GDP) figures for Q3’2021, which showed that the economy grew by 4.03% year-on-year (vs. 5.01% in Q2’2021…

FIXED INCOME MARKET Money Markets Interbank system liquidity improved today, opening with a credit balance of ca ₦89.66 billion, higher than yesterday’s balance of ca – ₦36.13 billion. Thus, the…

FIXED INCOME MARKET Money Markets Interbank system liquidity slipped into a deficit with an open balance of ca -₦36.13 billion, lower than yesterday’s opening balance of ca ₦48.50 billion. Thus,…

MACROECONOMIC UPDATE The domestic inflation rate in October printed at 15.99% year-on-year, which showed a further decline from 16.63% recorded in September 2021, as indicated in the reports released by…

FIXED INCOME MARKET Money Markets Interbank system liquidity improved to open with a balance of ca ₦460.88 billion, higher than previous day’s opening balance of ₦337.48 billion. However, the Open…

FIXED INCOME MARKET Money Markets Interbank system liquidity declined further to open with a balance of ca ₦337.48 billion, lower than previous day’s opening balance of ₦403.99 billion, as investors…