FINANCIAL MARKETS TODAY – 24 November 2021
FIXED INCOME MARKET Money Markets …
MPC retains Benchmark Interest Rate at 11.50% – 23 November 2021
The Monetary Policy Committee (MPC) concluded its final meeting for 2021 today, unanimously maintaining all key policy metrics as follow: – Retain MPR at 11.50%…
FINANCIAL MARKETS TODAY – 23 November 2021
FIXED INCOME MARKET The Monetary Policy Committee (MPC) concluded its final policy meeting for the year, retaining all key policy rates – The Monetary Policy Rate (MPR), Cash Reserve Ratio (CRR) and Liquidity ratio at 11.50%, 27.50% and 30.00%…
FINANCIAL MARKETS TODAY – 22 November 2021
FIXED INCOME MARKET Money Markets …
FINANCIAL MARKETS TODAY – 19 November 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity tapered today, closing the week with a deficit balance of ca -₦237.13 billion, significantly lower than the previous day’s balance of ca ₦11.25 billion. Thus, the Open Buy Back (OBB) and…
FINANCIAL MARKETS TODAY – 18 November 2021
MACROECONOMIC UPDATE The National Bureau of Statistics (NBS) published the Gross Domestic Product (GDP) figures for Q3’2021, which showed that the economy grew by 4.03% year-on-year (vs. 5.01% in Q2’2021 and 0.51% in Q1’2021). This reflects the fourth…
NIGERIA Q3’2021 GDP GROWS BY 4.03% YEAR-ON-YEAR
HIGHLIGHTS •The National Bureau of Statistics (NBS) published the Gross Domestic Product (GDP) figures for Q3’2021, which revealed that the economy grew by 4.03% year-on-year (vs. 5.01% in Q2’2021 and 0.51% in Q1’2021). This reflects the…
FINANCIAL MARKETS TODAY – 17 November 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity improved today, opening with a credit balance of ca ₦89.66 billion, higher than yesterday’s balance of ca – ₦36.13 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates eased…
FINANCIAL MARKETS TODAY – 16 November 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity slipped into a deficit with an open balance of ca -₦36.13 billion, lower than yesterday’s opening balance of ca ₦48.50 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates rose…
INFLATION WATCH – OCTOBER 2021
Nigeria’s Headline Inflation Figures: Slows down to 15.99%, surpasses 16.2% estimates. The headline inflation rate in October printed at 15.99% year-on-year, which showed a further decline from 16.63% recorded in September 2021. The moderation trend in…
