FINANCIAL MARKETS TODAY – 12 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained in the negative territory, opening at -c.₦2,269.58 billion today compared with -c.₦2,292.06 billion recorded yesterday. Consequently, both the Open Repo Rate and Overnight Rate increased by…
Monthly Financial Market Update – February 2024
Global Macroeconomic Review The common conversation among major economies in February was geared towards interest rate cut and relatively steady consumer prices. However, economic performance have so far been mixed across the region. In the United…
FINANCIAL MARKETS TODAY – 11 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained in the negative territory, opening at -c.₦2,292.06 billion today compared with -c.₦2,221.81 billion recorded last Friday. Consequently, both the Open Repo Rate and Overnight Rate increased by…
FINANCIAL MARKETS WEEKLY – 08 March 2024
FIXED INCOME MARKETS Money Markets System liquidity stayed in the negative this week. Despite the absence of significant inflows, the robust NTB auction funding worsened the liquidity situation to close at -₦2,221.81 billion from -₦93.57 billion recorded…
FINANCIAL MARKETS TODAY – 07 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity took a significant downturn, dropping from a deficit of c.₦1,497.87 billion yesterday to around c.₦2,520.36 billion today. Consequently, both the Open Repo Rate and Overnight Rate increased by c.58 bps…
FINANCIAL MARKETS TODAY – 06 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity decreased significantly, shifting from a deficit of c.₦612.03 billion yesterday to around ₦1,497.87 billion today. As a result, both the Open Repo Rate and Overnight Rate saw increases, rising by…
FINANCIAL MARKETS TODAY – 05 March 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity maintained a deficit balance today at c.-₦612.03 billion, from -₦1,593.09 billion recorded yesterday. Consequently, the Open Repo Rate and Overnight Rate increased by c.133 bps and c.155 bps to…
AIICO BALANCED FUND NEWSLETTER – FEBRUARY 2024
AIICO BALANCED FUND NEWSLETTER – FEBRUARY 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…
FINANCIAL MARKETS TODAY – 04 March 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity plunged further into the negative territory, following the c.₦1.06 trillion OMO bills allotment at last week’s close. To provide context, system liquidity opened at -₦1,593.09 billion, from…
FINANCIAL MARKETS WEEKLY – 01 March 2024
FIXED INCOME MARKETS Money Markets For the most part of the week, system liquidity reported a deficit balance, with today’s balance at -₦93.57 billion from -₦964.76 billion recorded last Friday. This was despite inflows from FAAC credit. Hence, the Open…
