FINANCIAL MARKETS TODAY – 17 January 2022

FIXED INCOME MARKET Money Markets  Interbank system liquidity opened the week with a negative balance of ca -₦34.01 billion, lower than Friday’s balance of ca ₦39.81 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended higher to settle at 14.50% and 15.25% from 13.50% and 14.25%, respectively. Treasury Bills The NTB secondary… Continue reading FINANCIAL MARKETS TODAY – 17 January 2022

INFLATION WATCH – DECEMBER 2021

Nigeria’s Headline Inflation Figures: A change in trajectory Nigeria’s Consumer Price Index (CPI) for December 2021 expanded by 15.63% year-on-year, up from 15.40% recorded in November 2021, following 8 consecutive months of decline. This rise can be attributed to increased consumer spending observed during the yuletide season. The composite food inflation grew by 17.37% year-on-year… Continue reading INFLATION WATCH – DECEMBER 2021

FINANCIAL MARKETS TODAY – 14 January 2022

FIXED INCOME MARKET Money Markets                                                                                 Interbank system liquidity improved slightly today, opening with a deficit balance of ca ₦39.82 billion, higher than previous day’s opening deficit balance of ca ₦76.41 billion. Nonetheless, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended higher to settle at 14.00% and 14.75% from… Continue reading FINANCIAL MARKETS TODAY – 14 January 2022

FINANCIAL MARKETS TODAY – 13 January 2022

FIXED INCOME MARKET Money Markets                                                                                 Interbank system liquidity slipped into negative territory for the second time this week, opening with a deficit balance of ca ₦76.41 billion, lower than previous day’s opening balance of ca ₦47.41 billion. Nonetheless, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to… Continue reading FINANCIAL MARKETS TODAY – 13 January 2022

FINANCIAL MARKETS TODAY – 12 January 2022

FIXED INCOME MARKET Money Markets                                                                                  Interbank system liquidity recovered slightly today, opening with a balance of ca ₦47.41 billion, higher than previous day’s opening deficit balance of ca ₦74.98 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to settle at 15.00% and 15.75% from 15.50%… Continue reading FINANCIAL MARKETS TODAY – 12 January 2022

FINANCIAL MARKETS TODAY – 11 January 2022

FIXED INCOME MARKET Money Markets                                                                                  Interbank system liquidity nosedived to negative territory, opening with a deficit balance of ca ₦74.98 billion, lower than previous day’s balance of ca ₦30.06 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended higher to settle at 15.50% and 16.25% from 13.75%… Continue reading FINANCIAL MARKETS TODAY – 11 January 2022

FINANCIAL MARKETS TODAY – 10 January 2022

FIXED INCOME MARKET Money Markets                                                                                  Interbank system liquidity tapered further to open with a credit balance of ca ₦30.06 billion, significantly lower than Friday’s balance of ca ₦201.53 billion. However, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended slightly lower to settle at 13.75% and 14.50% from 14.00%… Continue reading FINANCIAL MARKETS TODAY – 10 January 2022

FINANCIAL MARKETS TODAY – 07 January 2022

FIXED INCOME MARKET Money Markets Interbank system liquidity tapered further to open with a credit balance of ca ₦201.53 billion, lower than yesterday’s balance of ca ₦260.97 billion. However, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended higher to settle at 14.00% and 14.75% from 3.50% and 4.25% respectively, due to the funding… Continue reading FINANCIAL MARKETS TODAY – 07 January 2022

FINANCIAL MARKETS TODAY – 06 January 2022

FIXED INCOME MARKET Money Markets Interbank system liquidity somewhat eased, albeit opening with a credit balance of ca ₦260.97 billion, a decline from yesterday’s balance of ca ₦274.55 billion. Thus, with no significant funding, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to settle at 3.50% and 4.25% from 4.50% and 5.25%,… Continue reading FINANCIAL MARKETS TODAY – 06 January 2022

FINANCIAL MARKETS TODAY – 05 January 2022

FIXED INCOME MARKET Money Markets Interbank system liquidity improved today, opening with a credit balance of ca ₦274.55 billion, an increase from yesterday’s balance of ca ₦252.22 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to settle at 4.50% and 5.25% from 6.67% and 7.50% respectively. Treasury Bills The NTB… Continue reading FINANCIAL MARKETS TODAY – 05 January 2022