FINANCIAL MARKETS TODAY – 19 June 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity opened positive today at ₦768.39 billion, up from ₦132.75 billion reported last week Friday. Nevertheless, the Open Repo Rate (OPR) rose by 73 bps to 26.36%, while the Overnight Rate (O/N) increased by…
INFLATION WATCH – MAY 2024
Inflation Watch – Consumer Prices in Nigeria Bites Harder. In May, Nigeria’s headline inflation reached a new high at 33.95% year-on-year, up from 33.69% in April 2024 (Bloomberg’s estimate: 34.10%), according to data released by the National…
FINANCIAL MARKETS WEEKLY – 14 JUNE 2024
FIXED INCOME MARKETS MONEY MARKETS Throughout the week, system liquidity remained negative, except for today, Friday. System liquidity opened at ₦132.75 billion, compared to -₦90.43 billion last week. The Open Repo Rate (OPR) decreased by 432 basis…
FINANCIAL MARKETS TODAY – 13 June 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained negative at -₦187.63 billion, an improvement from the -₦261.96 billion reported on Tuesday. Overall, the Open Repo Rate (OPR) rose by 61 bps to 30.64%, while the Overnight Rate (O/N) increased…
FINANCIAL MARKETS TODAY – 11 June 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained in deficit today at -₦261.96 billion, lower than the -₦212.99 billion reported yesterday. Nevertheless, the Open Repo Rate (OPR) declined by 35 bps to 30.03%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 10 June 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained in deficit today at -₦212.99 billion, lower than the -₦90.43 billion reported last week Friday. As a result, the Open Repo Rate (OPR) increased by 43 bps to 30.38%, while the Overnight Rate…
AIICO EUROBOND FUND NEWSLETTER – MAY 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 MONEY MARKET FUND NEWSLETTER – May 2024
OVERVIEW AIICO Money Market fund is an open-ended collective investment vehicles that pools investment monies from various individuals, Corporate organizations and High Net-worth Clients (HNC) for the purpose of investing in money market securities,…
AIICO BALANCED FUND NEWSLETTER – MAY 2024
OVERVIEW AIICO Balanced Fund is an open-ended mutual fund, investing in Fixed income instruments, Money market instruments and both Quoted and Unquoted equities. INVESTMENT OBJECTIVE The investment objective of the Fund is to create medium to long term…
Monthly Financial Market Update – May 2024
Global Macroeconomic Review United States: May was ushered in with the third Federal Open Market Committee meeting for 2024 on April 30th and May 1st. At the meeting, the policymakers kept the interest rate at 5.50%, marking the sixth consecutive time…
