FINANCIAL MARKETS TODAY – 23 October 2024
Money Market System liquidity declined today due to the FGN bond auction debit. However, the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) fell by 1.95% and 1.83%, settling…
FINANCIAL MARKETS TODAY – 22 October 2024
Money Market System liquidity showed a slight improvement but remained negative. Nonetheless, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increased by 11 bps, closing at 32.36% and 32.61%,…
FINANCIAL MARKETS WEEKLY – 18 OCTOBER 2024
Money Markets This week, the liquidity crunch in the financial market continued despite coupon inflows, significant remita inflows, and other large inflows aimed at offsetting foreign exchange settlements and remita…
FINANCIAL MARKETS TODAY – 17 October 2024
Money Market Opening system liquidity improved today, with fewer players exposed to CBN’s SLF window. As a result, funding rates experienced a slight decline. Specifically, the Open Repo Rate (OPR)…
FINANCIAL MARKETS TODAY – 16 October 2024
Money Market Liquidity in the financial system remained very tight as it further plunged into negative territory today. Funding costs across banks also increased as a result. Specifically, the Open…
FINANCIAL MARKETS TODAY – 15 October 2024
Money Market System liquidity improved, although it remained negative, with over ₦1.5 trillion exposed to the CBN’s SLF window. Despite this, the Open Repo Rate (OPR) increased by 11 bps…
INFLATION WATCH – September 2024
Inflation Watch – Nigeria’s Inflation Surges to 32.70%, Reversing Two-Month Decline Streak In September 2024, Nigeria experienced a significant rise in headline inflation to 32.70% y/y, surpassing the estimated 32.34%…
FINANCIAL MARKETS TODAY – 14 October 2024
Money Market Opening system liquidity plunged further into negative territory, bolstered by Friday’s OMO sale of over ₦900 billion. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N)…
AIICO EUROBOND FUND NEWSLETTER – SEPTEMBER 2024
OVERVIEW AIICO Eurobond Fund is an open-ended Dollar denominated mutual fund, strategically investing in high-quality Nigeria sovereign & non-sovereign Eurobonds and in investment-grade money market instruments. INVESTMENT OBJECTIVES The investment…
AIICO EUROBOND FUND NEWSLETTER – AUGUST 2024
OVERVIEW AIICO Eurobond Fund is an open-ended Dollar denominated mutual fund, strategically investing in high-quality Nigeria sovereign & non-sovereign Eurobonds and in investment-grade money market instruments. INVESTMENT OBJECTIVES The investment…
