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-15 July 2021
Money Markets System Liquidity opened with a balance of ca ₦824.13 billion today, higher than previous day’s opening of ca ₦207.27 billion, as inflows from bond maturities, coupon payments, NTB, and OMO maturities hit the system. As a result, Open Buy Back (OBB) and Overnight (ON) rates trended significantly lower to close at 7.00% and… Continue reading FINANCIAL MARKETS TODAY-15 July 2021
FINANCIAL MARKETS TODAY-14 July 2021
FIXED INCOME MARKET Stop rates for the 91 and 182-day tenors at the Nigerian Treasury Bills (NTB) Primary Market Auction (PMA) remained unchanged at 2.50% and 3.50% respectively, while the 364-day declined for the third consecutive auction to close at 8.67%, 48bps lower than its stop rate at the previous auction. Money Markets Banking system… Continue reading FINANCIAL MARKETS TODAY-14 July 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
