FINANCIAL MARKETS TODAY – 23 April 2025
Money Market Interbank liquidity jumped significantly after yesterday’s triple inflow injection – FAAC allocations to local governments, FGN bond coupon payments, and substantial CBN Remita receipts – which more than offset FX…
FINANCIAL MARKETS TODAY – 22 April 2025
Money Market Ample system liquidity persisted as ₦145 billion in bond coupon payments balanced out CBN’s FX settlement outflows. This kept money market rates anchored near 26.5%, with the Overnight Policy Rate (OPR) easing to 26.50% (-5.10%) and…
FINANCIAL MARKETS WEEKLY – 17 APRIL 2025
Money Markets The interbank market faced significant liquidity fluctuations during the week. Opening with a credit balance of ₦262.61 billion, liquidity declined by ₦365.62 billion to end in a ₦103.02 billion debit, largely due to CBN FX settlements.…
FINANCIAL MARKETS TODAY – 16 April 2025
Money Market Interbank market liquidity tightened at today’s opening as funds were allocated to CBN FX settlements. This reduction in available liquidity prompted a modest upward adjustment in benchmark rates, with the Overnight Policy Rate (OPR)…
INFLATION WATCH – March 2025
Inflation Watch – NBS Reports 24.23% Inflation in March, Signaling Renewed Price Pressures The National Bureau of Statistics (NBS) reported a concerning rise in Nigeria’s inflation rate, which climbed to 24.23% in March 2025 – a 1.05…
FINANCIAL MARKETS TODAY – 15 April 2025
Money Market Interbank liquidity improved substantially at today’s opening, boosted by inflows from Remita and other state-related credits. This liquidity injection prompted a modest easing in interbank rates: the Overnight Policy Rate (OPR) fell 9…
AIICO EUROBOND FUND NEWSLETTER – MARCH 2025
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…
FINANCIAL MARKETS TODAY – 14 April 2025
Money Market Interbank liquidity tightened at market open today, despite ₦28.11 billion in FGN Bond coupon inflows and CBN FX settlements. Interbank rates showed modest upward movement, with the Overnight Policy Rate (OPR) rising 9bps to 26.67% and the…
FINANCIAL MARKETS WEEKLY – 11 APRIL 2025
Money Markets The interbank market opened the week with a robust liquidity surplus of ₦906.85 billion, supporting stable short-term rates. However, liquidity declined significantly by ₦603.81 billion to close at ₦303.04 billion due to CBN FX settlements,…
FINANCIAL MARKETS TODAY – 10 April 2025
Money Market Interbank liquidity tightened sharply today after NTB auction settlements and substantial CBN FX outflows, pushing the Overnight Policy Rate (OPR) up 33bps to 26.83% and Overnight Rate (O/N) rate to 27.29%. Outlook: We anticipate interbank…
