FINANCIAL MARKETS WEEKLY – 19 APRIL 2024
FIXED INCOME MARKETS MONEY MARKETS This week, system liquidity experienced a significant decrease, mainly due to the debits from the FGN Bond auction, with minimal coupon inflows from the FGN 2037s bond towards the end of the week. Consequently, the…
FINANCIAL MARKETS TODAY – 18 April 2024
FIXED INCOME MARKETS MONEY MARKETS In the absence of any significant inflows, system liquidity opened negative at -₦1,136.83 billion, slightly higher than -₦1,292.21 billion recorded yesterday. Consequently, the Open Repo Rate (OPR) fell by 188 bps to…
FINANCIAL MARKETS TODAY – 17 April 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity plunged further into a deficit balance, reporting at -₦1,292.21 billion, from -₦637.75 billion reported yesterday. As a result, the Open Repo Rate (OPR) increased by 170 bps to 32.09%, while the…
FINANCIAL MARKETS TODAY – 16 April 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity stayed in the negative territory at -₦637.75 billion, from -₦537.25 billion reported yesterday. Overall, the Open Repo Rate (OPR) increased by 89 bps to 30.39%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 15 April 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity fell short at -₦537.25 billion, from ₦67.39 billion seen last week Friday. Overall, the Open Repo Rate (OPR) fell by 17 bps to 29.50%, while the Overnight Rate (O/N) increased by 31 bps, to…
INFLATION WATCH – MARCH 2024
In March, Nigeria’s headline inflation surged to 33.20% y/y, marking an increase of 1.50% from February’s figure of 31.70% y/y (compared to Bloomberg’s estimated 32.90%). However, monthly headline inflation slightly decreased to 3.02% m/m in…
FINANCIAL MARKETS WEEKLY – 12 APRIL 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity fell by 80.59% week-on-week, from ₦347.14 billion last week, to ₦67.38 billion today. Consequently, the Open Repo Rate (OPR) increased by 756 bps to 29.67%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 08 April 2024
FIXED INCOME MARKETS MONEY MARKETS Today, the opening system liquidity experienced a decline, dropping to -₦48.40 billion compared to the ₦347.05 billion reported last Friday. As a result, both the Open Repo Rate and the Overnight Rates declined by 386…
AIICO BALANCED FUND NEWSLETTER – MARCH 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…
AIICO MONEY MARKET FUND NEWSLETTER – March 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,…
