INFLATION WATCH – JUNE 2024
Inflation Watch – The Upward Trend in Month-on-Month Inflation Resumes Nigeria’s headline inflation for June 2024 accelerated to 34.19% y/y from 33.95% y/y in May, according to data from the National Bureau of Statistics (NBS). In addition,…
FINANCIAL MARKETS WEEKLY – 12 JULY 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity balance was in deficit throughout the week, despite a slight improvement from the previous week. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 45bps and 8bps to 31.61%…
FINANCIAL MARKETS TODAY – 11 July 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity stayed short today. However, the Open Repo Rate (OPR) eased by 35 bps to 31.75%, while the Overnight Rate (O/N) decreased by 16 bps to 32.60%. Outlook: We expect interbank rates to remain…
FINANCIAL MARKETS TODAY – 10 July 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity remained negative. Thus, the Open Repo Rate (OPR) increased by 8 bps to 32.10%, while the Overnight Rate (O/N) expanded by 21 bps to 32.576%. Outlook: We expect interbank rates to remain…
FINANCIAL MARKETS TODAY – 09 July 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity remained in the negative territory. Consequently, the Open Repo Rate (OPR) increased by 35 bps to 32.02%, while the Overnight Rate (O/N) expanded by 27 bps to 32.55%. Outlook: We expect…
FINANCIAL MARKETS TODAY – 08 July 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity remained in the negative territory. Nevertheless, the Open Repo Rate (OPR) declined by 39 bps to 31.67%, while the Overnight Rate (O/N) fell by 25 bps to 32.28%. Outlook: We expect interbank…
Monthly Financial Market Update – June 2024
Global Macroeconomic Review United States: Inflation in the US showed stability, easing to 3.30% y/y in May from 3.40% y/y in April, which aligned with market expectations. Similarly, the US inflation on a month-on-month basis eased to 0.20% m/m in May…
AIICO EUROBOND FUND NEWSLETTER – JUNE 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 – June 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 – JUNE 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…
