FINANCIAL MARKETS TODAY – 21 June 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity declined to c.₦52.64 billion today from ₦78.39 billion recorded on Friday. Consequently, Overnight Policy Rate (OPR) and Overnight (ON) rate increased to 13.75% and 14.00% respectively from…
FINANCIAL MARKETS TODAY – 20 June 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity declined to c.₦52.64 billion today from ₦78.39 billion recorded on Friday. Consequently, Overnight Policy Rate (OPR) and Overnight (ON) rate increased to 13.75% and 14.00% respectively from…
FINANCIAL MARKETS TODAY – 17 June 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity improved significantly today, closing with a credit balance of ₦78.39 billion against yesterday’s negative balance of ₦92.97 billion. Consequently, Overnight Policy Rate (OPR) and Overnight…
FINANCIAL MARKETS TODAY – 16 June 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a deficit balance of ₦92.97 billion, significantly lower than yesterday’s opening balance of ₦11.21 billion. Consequently, Overnight Policy Rate (OPR) closed higher at 13.83%…
INFLATION WATCH – MAY 2022
Headline Inflation in Nigeria increased to 17.71% in May 2022 Nigeria’s Consumer Price Index (CPI) for May 2022 printed higher at 17.71% Y-o-Y (Bloomberg median estimate +17.50%), an increase of c.0.89% from 16.82% Y-o-Y recorded in April 2022. Core and…
FINANCIAL MARKETS TODAY – 15 June 2022
FIXED INCOME MARKET Money Markets Opening system liquidity declined further to ₦ 11.21billion from ₦ 23.43 billion recorded yesterday. Thus, Overnight Policy Rate (OPR) and Overnight (ON) rate remained elevated at double digit levels, closing at 13.75%…
FINANCIAL MARKETS TODAY – 14 June 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened significantly lower at ₦23.43billion long from ₦ 259.73 billion recorded on Friday, because of the retail FX auction and CRR debits that took place last week. However, Overnight Policy…
FINANCIAL MARKETS TODAY – 10 June 2022
FIXED INCOME MARKET Money Markets Opening Interbank system liquidity improved significantly to ₦259.73billion from ₦ 87.17 billion recorded yesterday, due to late Retail FX auction refunds. However, today’s Retail FX intervention provisioning caused the…
FINANCIAL MARKETS TODAY – 09 June 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity printed lower at ₦87.17 billion compared to ₦149.69 billion recorded yesterday, due to NTB auction debits. Nonetheless, Overnight Policy Rate (OPR) and Overnight (ON) rate declined to 6.50% and…
FINANCIAL MARKETS TODAY – 08 June 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened higher at N149.69 billion vs ₦25.50 billion recorded yesterday. Despite the improvement in system liquidity, Overnight Policy Rate (OPR) and Overnight (ON) rate rose to 7.50% and 8.33%…
