AIICO Capital is a multi-asset manager, duly licensed by the Securities and Exchange Commission (“SEC”) to provide portfolio and fund management services.
Global Macroeconomic Review United States: The U.S. economy in early 2025 showed mixed signals. Manufacturing rebounded after 27 months, with the ISM Manufacturing PMI improving, while the ISM Services PMI…
Money Market Interbank liquidity improved slightly today but remained in negative territory due to last Friday’s CRR activity. However, interbank rates edged higher, with the Overnight Policy Rate (OPR) rising…
Money Markets Interbank liquidity remained positive throughout the week, supported by OMO maturities and FAAC inflows. As a result, interbank rates initially declined, with the Overnight Policy Rate (OPR) and…
Money Market Interbank liquidity significantly improved today, but the market tightened following the CBN’s OMO auction. The CBN offered ₦600 billion across two long-dated papers, with subscriptions reaching ₦1.877 trillion…
Money Market Interbank liquidity saw a notable improvement and remained positive. However, the Overnight Policy Rate (OPR) rose by 8 bps to 26.50%, and the Overnight Rate (O/N) increased by…
Money Market Interbank liquidity stayed positive and stable, keeping interbank rates unchanged. The Overnight Policy Rate (OPR) and the Overnight Rate (O/N) held steady at 26.42% and 26.83%, respectively. Outlook:…
Money Market Interbank liquidity started the month positively, boosted by OMO maturities. As a result, interbank rates fell, with the Overnight Policy Rate (OPR) down 33 bps to 26.42% and…
Money Markets Interbank liquidity fluctuated throughout the week, starting in negative territory due to ongoing liquidity constraints, which kept rates elevated. However, liquidity improved significantly midweek following an OMO maturity…
Nigeria’s Economic Growth Accelerates in Q4 2024 Amid Sectoral Shifts Nigeria’s economy grew by 3.84% YoY in Q4 2024, up from 3.46% in Q4 2023 and Q3 2024. For the…
Money Market Interbank liquidity saw some improvement today but stayed in negative territory. However, interbank rates rose, with the Overnight Policy Rate (OPR) increasing by 62 bps to 32.33% and…
