FINANCIAL MARKETS TODAY – 18 July 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity remained in the negative territory, with an opening balance of ca -₦169.46 billion, slightly better than Friday’s opening balance of ca -₦276.90 billion. Nonetheless, the Overnight Policy Rate…
INFLATION WATCH – JUNE 2022
Headline Inflation in Nigeria increased to 18.60% in June 2022 Nigeria’s Consumer Price Index (CPI) for June 2022 printed higher at 18.60% Y-o-Y (Bloomberg median estimate +18.50%), an increase of c.0.89% from 17.71% Y-o-Y recorded in May 2022. The…
FINANCIAL MARKETS TODAY – 15 July 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened ca ₦276.90 billion short, significantly lower than yesterday’s opening balance of ca ₦19.28 billion. However, the Overnight Policy Rate (OPR) decreased by 5bps to settle at 13.83%, while…
FINANCIAL MARKETS TODAY – 14 July 2022
FIXED INCOME MARKET Money Markets In the absence of official liquidity figures, Interbank system liquidity was estimated at c. ₦18bn long, after factoring the NTB auction settlement that took place today. The Overnight Policy Rate (OPR) increased by 5bps…
FINANCIAL MARKETS TODAY – 13 July 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity improved significantly with an opening balance of ₦18.45 billion, higher than Friday’s deficit balance of ca -₦158.78 billion. However, the Overnight Policy Rate (OPR) and the Overnight Rate…
FINANCIAL MARKETS TODAY – 08 July 2022
FIXED INCOME MARKET Money Markets System liquidity eased slightly today, albeit still opening in a deficit of ca -₦158.78 billion, compared to previous day’s opening balance of ca -₦220.75 billion. Consequently, the Overnight Policy Rate (OPR) trended…
FINANCIAL MARKETS TODAY – 07 July 2022
FIXED INCOME MARKET Money Markets Liquidity in the Interbank market lingered in the negative region, with today’s opening balance at ca -₦220.75 billion, lower than yesterday’s balance of – ₦207.34 billion. Overall, the Overnight Policy Rate (OPR)…
FINANCIAL MARKETS TODAY – 06 July 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity slipped further into the deficit zone, with an opening balance of ca – ₦207.34 billion, significantly lower than yesterday’s balance of ca -₦52.07 billion. Nonetheless, the Overnight…
AIICO BALANCED FUND NEWSLETTER – JUNE 2022
OVERVIEW AIICO Balanced Fund is an open-ended mutual fund, investing in Fixed income instruments, Money market instruments and both Quoted and Unquoted equities. INVESTMENT OBJECTIVE The investment objective of the Fund is to create medium to long term…
FINANCIAL MARKETS TODAY – 05 July 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a negative balance of ca -₦52.07 billion, significantly lower than the previous day’s balance of ca ₦1.92 billion. Consequently, the Open Buy Back (OBB) and Overnight (ON) rates…
