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 outflows. Overall, the interbank rates…
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) decreased by 22 bps to 32.28%, while the Overnight…
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 Repo Rate (OPR) and the Overnight Rate (O/N) rose by 20…
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 to 32.30%, while the Overnight Rate (O/N) settled at 32.68%.…
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% and marking the first…
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) declined by 17 bps and 33 bps to 32.19% and…
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…
FINANCIAL MARKETS WEEKLY – 11 OCTOBER 2024
Money Markets This week, system liquidity ended in a deficit due to various factors, such as CBN FX interventions, net CRR debits, CBN SWAP rollovers, and OMO auction settlements. The CBN’s OMO auction at the week’s end led to a ~33% rate…
FINANCIAL MARKETS TODAY – 10 October 2024
Money Market Opening system liquidity plunged into negative territory, with over ₦1 trillion borrowed from the CBN’s SLF window. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 13 bps and 15 bps to 32.03% and 32.40%,…
