FINANCIAL MARKETS TODAY – 25 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a credit balance of ca ₦48.18 billion, a slight improvement from yesterday’s opening balance of ca ₦40.67 billion. Nonetheless, the Overnight Policy Rate (OPR) and Overnight (ON)…
MPC HIGHLIGHT – MAY 2022
The Monetary Policy Committee (MPC) concluded its 2-day meeting today, and unexpectedly hiked the benchmark interest rate by 150bps to 13.00% (the first time since July 2016, from 12% to 14%), while leaving other key parameters constant. Please see…
Q1’2022 GDP Highlights
Nigeria Q1’2022 GDP grew by 3.11% Y-o-Y • The National Bureau of Statistics (NBS) published the Gross Domestic Product (GDP) figures for Q1:2022 today, revealing a 3.11% Y-o-Y growth in the economy. • Although the domestic growth rate slowed for the 3rd…
FINANCIAL MARKETS TODAY – 24 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity improved today (buoyed by OMO maturities worth ca ₦30 billion), opening with a credit balance of ca ₦40.67 billion, higher than yesterday’s deficit balance of ₦9.80 billion. Nonetheless, the…
FINANCIAL MARKETS TODAY – 23 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened the week with a negative balance of ca -₦9.80 billion, compared with Friday’s deficit balance of ca -₦93.82 billion. However, the Overnight Policy Rate (OPR) trended higher to settle at…
FINANCIAL MARKETS TODAY – 20 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a negative balance of -ca ₦93.82bn. Thus, the Overnight (ON) rate remained unchanged at 12.50%, while the Overnight Policy Rate (OPR) trended lower to settle at 12.25% from 12.50%,…
FINANCIAL MARKETS TODAY – 19 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity slipped into a deficit with an open balance of -ca ₦320.16billion, significantly lower than yesterday’s opening balance of ca ₦54.03 billion. Thus, the Overnight Policy Rate (OPR) and Overnight…
FINANCIAL MARKETS TODAY – 18 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a balance of ₦54.03 billion, higher than previous day’s opening balance of ca ₦31.82 billion. Nonetheless, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended higher to…
FINANCIAL MARKETS TODAY – 17 May 2022
FIXED INCOME MARKET Money Markets The interbank system liquidity opened significantly lower at ₦31.82 billion (despite the OMO maturity of ca. ₦33.63 billion), compared to yesterday’s opening balance of ca ₦351.27 billion. Consequently, the Overnight…
FINANCIAL MARKETS TODAY – 16 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a credit balance of ca ₦351.27 billion, higher than Friday’s balance of ca ₦299.98 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to settle at…
