Category: Daily Market Report

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…

FIXED INCOME MARKET Money Markets Interbank system liquidity weakened slightly to open with a balance of ca ₦403.99 billion, higher than previous day’s opening balance of ₦408.84 billion. Nevertheless, the…

449.22 billion. As a result, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to 2.67% and 3.33% from 4.75% and 5.25% respectively, the previous day.

Interbank system liquidity improved significantly to open with a balance of ca ₦449.22 billion, higher than Friday’s opening balance of ₦41.80 billion. As a result, the Open Buy Back (OBB)…

FIXED INCOME MARKET Money Markets Interbank system liquidity further weakened with a credit balance of ca ₦41.80 billion, lower than the previous day’s opening of ca ₦128.63 billion. Nonetheless, the…