FINANCIAL MARKETS TODAY – 26 August 2021

FIXED INCOME MARKET Money Markets Banking system liquidity improved today, opening with a balance of ca ₦258.10 billion, better than the previous day’s opening of ca – ₦80.92 billion. As a result, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 10.00% and 10.00% from 13.00% and 13.33% respectively, the… Continue reading FINANCIAL MARKETS TODAY – 26 August 2021

FINANCIAL MARKETS TODAY – 25 August 2021

FIXED INCOME MARKET Money Markets Liquidity in the banking system slipped into a deficit to open at ca – ₦80.92 billion today, lower than yesterday’s opening balance of ca ₦113.41 billion. However, with no significant funding activity, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 13.00% and 13.33% from… Continue reading FINANCIAL MARKETS TODAY – 25 August 2021

FINANCIAL MARKETS TODAY – 24 August 2021

FIXED INCOME MARKET Money Markets Banking system liquidity improved significantly, to open with ca ₦113.41 billion today, higher than yesterday’s opening balance of ca – ₦211.03 billion as the repayment of OMO maturities hit the system. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 15.50% and 15.75% from… Continue reading FINANCIAL MARKETS TODAY – 24 August 2021

FINANCIAL MARKETS TODAY – 23 August 2021

FIXED INCOME MARKET Money Markets Liquidity in the banking system slipped further into a deficit to open at ca – ₦211.03 billion, lower than Friday’s opening of ca ₦- ₦72.32 billion. However, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 17.50% and 17.50% from 23.33% and 23.83% respectively, the… Continue reading FINANCIAL MARKETS TODAY – 23 August 2021

FINANCIAL MARKETS TODAY – 20 August 2021

FIXED INCOME MARKET Money Markets System liquidity declined today, opening in a deficit of ca – ₦72.32 billion, lower than previous day’s opening of ca ₦8.33 billion. As a result, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 23.33% and 23.83% from 17.67% and 18.33% respectively, the previous day.… Continue reading FINANCIAL MARKETS TODAY – 20 August 2021

FINANCIAL MARKETS TODAY – 19 August 2021

ystem liquidity improved slightly today, opening with a balance of ca ₦8.33 billion, higher than previous day’s opening of ca -₦7.60 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 17.67% and 18.33% from 17.50% and 17.75% respectively, the previous day.

FINANCIAL MARKETS TODAY – 18 August 2021

System liquidity declined today, opening with a deficit of ca ₦7.60 billion, lower than previous day’s opening of ca ₦21.78 billion. Consequently, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 17.50% and 17.75% from 17.00% and 17.67% respectively, the previous day.

FINANCIAL MARKETS TODAY – 17 August 2021

Nigeria’s headline inflation eased for the fourth consecutive month, settling at 17.38% year-on-year in July 2021 vs 17.75% recorded in June 2021. This comes on the back of persistent decrease in food prices, with the food sub index declining to ca 21.03% from 21.83% the previous month, while the core sub-index rose to 13.72% from 13.09% in June 2021.

INFLATION WATCH – JULY 2021

Nigeria’s Headline Inflation Figures: Sustained downward Trajectory Nigeria’s headline inflation fell for the fourth consecutive month, down 37bps Y-o-Y to 17.38% (from 17.75% in June’21). The inflation rate came in 12bps lower than the Bloomberg consensus estimate of 17.50%. Further supporting, the “steady price recovery” narrative, the headline index grew at a slower pace to… Continue reading INFLATION WATCH – JULY 2021

FINANCIAL MARKETS TODAY – 16 August 2021

System liquidity improved slightly today, opening with a balance of ca ₦14.05 billion, better than the Friday’s opening of ca ₦11.58 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 17.00% and 17.50% from 16.75% and 17.25% respectively, on Friday.