Monthly Financial Market Update – August 2024
Global Macroeconomic Review United States: In July, consumer prices in the US increased at a slower pace for the fourth consecutive month. The Consumer Price Index rose to 2.90% year-on-year,…
FINANCIAL MARKETS TODAY – 02 September 2024
FIXED INCOME MARKETS Money Market The Open Repo Rate (OPR) increased by 357 bps to 21.68%, and the Overnight Rate (O/N) rose by 224 bps to 22.30%. Outlook: We expect…
FINANCIAL MARKETS WEEKLY – 30 AUGUST 2024
FIXED INCOME MARKETS Money Markets Despite the two consecutive OMO auctions with a total auction debit of ₦1.63 trillion, system liquidity maintained a significantly positive balance. As a result, the…
FINANCIAL MARKETS TODAY – 29 August 2024
FIXED INCOME MARKETS Money Market The Open Repo Rate (OPR) decreased by 287 bps to 19.86%, and the Overnight Rate (O/N) declined by 271 bps to 20.69%, due to improved…
FINANCIAL MARKETS TODAY – 28 August 2024
FIXED INCOME MARKETS Money Market The Open Repo Rate (OPR) decreased by 477 bps to 22.73%, and the Overnight Rate (O/N) declined by 295 bps to 23.45% due to tight…
FINANCIAL MARKETS TODAY – 27 August 2024
FIXED INCOME MARKETS Money Market The Open Repo Rate (OPR) increased by 253 bps to 27.50%, and the Overnight Rate (O/N) increased by 85 bps to 26.35% due to tight…
FINANCIAL MARKETS TODAY – 26 August 2024
FIXED INCOME MARKETS Money Market The Open Repo Rate (OPR) decreased by 81 bps to 24.97%, and the Overnight Rate (O/N) decreased by 67 bps to 25.50% due to ample…
Q2 2024 GDP Highlights
NIGERIA’S GDP GREW AT 3.19% IN Q2’24 YoY In the second quarter of 2024, Nigeria’s Gross Domestic Product (GDP) grew by 3.19% year-on-year, up from 2.98% year-on-year in the first…
FINANCIAL MARKETS WEEKLY – 23 AUGUST 2024
FIXED INCOME MARKETS Money Markets Despite the outflows from NTB and FGN local bond auction settlements, FAAC credits and bond coupon led system liquidity to close the week with a…
FINANCIAL MARKETS TODAY – 22 August 2024
FIXED INCOME MARKETS Money Market The Open Repo Rate (OPR) decreased by 42 bps to 25.63%, and the Overnight Rate (O/N) decreased by 55 bps to 26.05% due to the…
