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.

AIICO MONEY MARKET FUND NEWSLETTER -SEPTEMBER 2021

and improving from previous month’s closing rate of 7.23% p.a. This comes as the fund’s treasury bills and other short-term securities holdings returned higher yields, with the 364-day paper closing at 7.50% for the month. Weighted Average tenor of the assets in the fund closed at ca 84.16 days, while year-to-date returns settled at +8.27%.

FINANCIAL MARKETS TODAY – 08 October 2021

FIXED INCOME MARKET Money Markets   Interbank system liquidity opened with a credit balance of ca ₦22.67 billion, higher than yesterday’s deficit balance of ca ₦16.31 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates trended slightly higher to settle at 14.00% and 14.50% from 13.50% and 14.00% respectively, the previous day. Treasury Bills… Continue reading FINANCIAL MARKETS TODAY – 08 October 2021

AIICO BALANCED FUND NEWSLETTER – SEPTEMBER 2021

OVERVIEW AIICO Balanced Fund is an open-ended mutual fund, investing in Fixed income instruments, Money market instruments, and both Quoted and Unquoted equities. FUND PERFORMANCE The improved performance of the fund in September, can be closely tied to the sustained improvement in the equities market. The fund’s net yield improved month on month to  -1.59%… Continue reading AIICO BALANCED FUND NEWSLETTER – SEPTEMBER 2021

FINANCIAL MARKETS TODAY – 07 October 2021

FIXED INCOME MARKET Money Markets   Interbank system liquidity opened in a deficit of ca ₦16.31 billion, lower than yesterday’s opening balance of ca ₦101.54 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 13.50% and 14.00% from 7.50% and 7.75% respectively, the previous day. Treasury Bills The NTB… Continue reading FINANCIAL MARKETS TODAY – 07 October 2021

FINANCIAL MARKETS TODAY – 06 October 2021

FIXED INCOME MARKET Money Markets   Interbank system liquidity opened with a credit balance of ca ₦101.54 billion, higher than yesterday’s opening balance of ca ₦80.66 billion. However, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 7.50% and 7.75% from 6.17% and 6.83% respectively, the previous day. Treasury Bills The… Continue reading FINANCIAL MARKETS TODAY – 06 October 2021

FINANCIAL MARKETS TODAY – 05 October 2021

FIXED INCOME MARKET Money Markets   Interbank system liquidity opened with a balance of ca ₦80.66 billion, lower than yesterday’s opening balance of ca ₦124.28 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates declined to settle at 6.17% and 6.83% from 8.00% and 8.75% respectively, the previous day. Treasury Bills The NTB secondary… Continue reading FINANCIAL MARKETS TODAY – 05 October 2021

FINANCIAL MARKETS TODAY – 04 October 2021

FIXED INCOME MARKET Money Markets   Interbank system liquidity opened with a credit balance of ca ₦124.28 billion, significantly lower than Thursday’s opening balance of ca ₦437.69 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates reduced by 7% apiece to settle at 8.00% and 8.75% from 15.00% and 15.75% respectively, on Thursday. Treasury… Continue reading FINANCIAL MARKETS TODAY – 04 October 2021

FINANCIAL MARKETS TODAY – 30 September 2021

Money Markets

Interbank System liquidity improved significantly today, opening with a balance of ca ₦437.69, better than previous day’s opening deficit of ca -₦105.10 billion. However, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 15.00% and 15.75% from 9.50% and 10.75% respectively, the previous day.

FINANCIAL MARKETS TODAY – 29 September 2021

Money Markets

System liquidity declined today, opening in a deficit of ca ₦105.10 billion, lower than previous day’s opening balance of ca ₦39.15 billion. However, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 9.50% and 10.75% from 13.00% and 13.75% respectively, the previous day.