FINANCIAL MARKETS TODAY – 17 August 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened significantly lower with a deficit balance of ca ₦150.49 billion due to the FGN bond auction settlement, compared to yesterday’s opening balance of ca ₦68.72 billion. Thus, the Overnight…
FINANCIAL MARKETS TODAY – 16 August 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened significantly higher today at ca ₦68.71 billion long, buoyed by OMO maturity of ca. ₦100 billion, compared to yesterday’s opening balance of ca ₦38.03 billion short. Nonetheless, the…
INFLATION WATCH – JULY 2022
Headline Inflation rose to 19.64% in July 2022 Nigeria’s Consumer Price Index (CPI) for the month of July 2022 accelerated to a near 17-year high of 19.64% Y-o-Y (Bloomberg median estimate +19.40%), an increase of c.1.04% from 18.60% Y-o-Y recorded in…
FINANCIAL MARKETS TODAY – 15 August 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened ca ₦38.03billion short, lower than Friday’s opening balance of c.-₦3.65billion. Thus, with no significant inflows, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended higher…
FINANCIAL MARKETS TODAY – 12 August 2022
FIXED INCOME MARKET Money Market System liquidity opened significantly lower with a negative balance of c.₦3.65 billion, compared to yesterday’s opening balance of c.₦40.79 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended…
FINANCIAL MARKETS TODAY – 11 August 2022
FIXED INCOME MARKET Interbank system liquidity improved today, with an opening balance of ₦40.79 billion, higher than the previous day’s opening balance of ca ₦19.53 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to…
FINANCIAL MARKETS TODAY – 10 August 2022
FIXED INCOME MARKET Interbank system liquidity opened the day with a credit balance of ca ₦19.53 billion, higher than yesterday’s deficit of ca -₦81.86 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to settle at…
FINANCIAL MARKETS TODAY – 09 August 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened ca ₦81.86 billion short, lower than yesterday’s opening balance of ca-₦78.94 billion. Thus, the Overnight Policy Rate (OPR) trended higher to 14.83% from 14.75% recorded in the previous…
FINANCIAL MARKETS TODAY – 08 August 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity slipped into a deficit, with an opening balance of ca – ₦78.94 billion, lower than Friday’s balance of ca ₦74.93 billion. Thus, the Overnight Policy Rate (OPR) trended higher to 14.75%…
Monthly Financial Market Update – August 2022
Macroeconomic Review Nigerian Economy Grew Faster than expected in Q2 2022 while CPI Soared to a high of 19.64% in July Nigeria’s Real Gross Domestic Product (GDP) reportedly grew by 3.54% Y-o-Y in the second quarter of the year (beating the Bloomberg…
