FINANCIAL MARKETS TODAY – 22 July 2021

System liquidity opened at ca ₦29.12 billion today, lower than the Monday’s opening of ca ₦62.88 billion. However, Open Buy Back (OBB) and Overnight (ON) rates trended lower to close at 8.00% and 8.25% from 11.00% and 11.50% respectively, the previous day.

FINANCIAL MARKETS TODAY – 19 July 2021

System liquidity opened at ca ₦62.88 billion today, slightly higher than the Friday’s opening of ca ₦60.11 billion. However, Open Buy Back (OBB) and Overnight (ON) rates trended higher to close at 11.00% and 11.50% from 4.50% and 4.75% respectively, the previous day.

FINANCIAL MARKETS TODAY-16 July 2021

Money Markets Liquidity in the banking system opened at ca ₦60.11 billion today, significantly lower than the previous day’s opening of ca ₦842.13 billion. However, Open Buy Back (OBB) and Overnight (ON) rates trended lower to close at 4.50% and 4.75% from 7.00% and 7.25% respectively, the previous day. Treasury Bills Activities in the NTB… Continue reading FINANCIAL MARKETS TODAY-16 July 2021

INFLATION WATCH – JUNE 2021

A Persistent decline in Nigeria’s Headline Inflation Figures The Consumer Price Index (CPI) report for June which was released today, shows that Nigeria’s headline inflation moderated for the third consecutive month, down 18bps Y-o-Y to 17.75% (from 17.93% in the prior month). The inflation rate came in 12bps lower than our estimate of 17.87% and… Continue reading INFLATION WATCH – JUNE 2021

FINANCIAL MARKETS TODAY-13 July 2021

Liquidity in the banking system slipped into a deficit to open at ca -₦24.99 billion, lower than the previous day’s opening of ca ₦28.63 billion. As a result, Open Buy Back (OBB) and Overnight (ON) rates trended higher to close at 18.50% and 19.00% from 14.50% and 15.00% respectively, the previous day.

AIICO BALANCED FUND NEWSLETTER – JUNE 2021

The fund’s net yield increased month on month to -4.89% at the end of June 2021 an improvement from -6.38% in May. This improvement was closely tied to the bullish yield trend in the bonds market as well as strategic positioning in some defensive stocks that ensured the fund was able to withstand the shock from the downtrend in the local bourse.

AIICO MONEY MARKET FUND NEWSLETTER – JUNE 2021

AIICO Money Market fund is an open-ended collective investment vehicles that pools investment monies from various individuals, Corporate organizations and High Networth Clients(HNC) for the purpose of investing in money market securities, designed to produce short to medium term growth, income or a combination of the two.

FINANCIAL MARKETS TODAY-12 July 2021

System Liquidity opened the week with a balance of ca ₦28.63 billion, lower than the previous day’s opening of ca ₦149.26 billion ensued by the CRR debits and funding for the retail SMIS auction on Friday. Nevertheless, Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 14.50% and 15.00% from 19.75% and 20.50% respectively