FINANCIAL MARKETS TODAY –22 September 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened lower with a deficit balance of ca ₦201.95 billion compared to yesterday’s opening balance of ca -₦71.31 billion. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) trended…
FINANCIAL MARKETS TODAY –21 September 2022
FIXED INCOME MARKET Interbank system liquidity opened c.₦71.31 billion short, significantly lower than yesterday’s opening balance of c.₦128.17 billion due to the bond auction settlement. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate…
FINANCIAL MARKETS TODAY –20 September 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity improved today, opening with a credit balance of c.₦128.17 billion, compared to yesterday’s opening balance of c.₦28.28 billion. However, the Overnight Policy Rate (OPR) and Overnight Rate…
FINANCIAL MARKETS TODAY –19 September 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened significantly lower at ca ₦25.50 billion long ( due to last week’s Retail FX auction and CRR debits), compared to ca ₦236.67 billion recorded on Friday. Thus, the Overnight Policy Rate…
FINANCIAL MARKETS TODAY –16 September 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a credit balance of ca ₦236.67 billion, slightly lower than the previous day’s opening of c.₦297.92 billion. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) trended…
INFLATION WATCH – AUGUST 2022
Headline Inflation rose to 20.52% in August 2022 Nigeria’s Consumer Price Index (CPI) for the month of August 2022 hit a fresh 17-year high as it accelerated to 20.52% Y-o-Y (Bloomberg median estimate +20.50%), an increase of c.0.88% from 19.64% Y-o-Y…
FINANCIAL MARKETS TODAY –15 September 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity remained buoyant, with a balance of c.₦297.92 billion, up from yesterday’s position of c.₦269.25 billion. Thus, the Overnight Policy Rate (OPR) stayed stable at 7.00% while the Overnight…
FINANCIAL MARKETS TODAY –14 September 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened higher today with a balance of ca ₦269.25 billion, compared to yesterday’s opening balance of ca ₦225.87 billion. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) trended…
FINANCIAL MARKETS TODAY –13 September 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened higher today with a balance of ca ₦225.87 billion (buoyed by OMO maturity of ₦35billion), compared to yesterday’s opening balance of ca ₦33.01 billion. Thus, the Overnight Policy Rate…
FINANCIAL MARKETS TODAY –12 September 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity began the week with a credit balance of ca ₦33.01 billion, a decline from Friday’s balance of ca ₦101.68 billion. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) trended higher…
