FINANCIAL MARKETS TODAY –19 December 2023
FIXED INCOME MARKETS Money Market System liquidity opened at -₦37.42 billion compared to -₦50.01 billion recorded yesterday. Although, interbank rates ticked up slightly, as the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 40bps and…
FINANCIAL MARKETS TODAY –18 December 2023
FIXED INCOME MARKETS Money Market Opening system stayed in the negative region today at -₦50.01 billion from -₦95.58 billion recorded last Friday. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) contracted by 125bps and 125bps to 21.00%,…
FINANCIAL MARKETS WEEKLY – 15 December 2023
FIXED INCOME MARKETS Money Markets The NTB and FGN bond auction debits during the week dampened system liquidity by c.-224.40% from ₦76.83 billion to -₦95.58 billion week-on-week. Consequently, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased…
INFLATION WATCH – November 2023
Nigeria’s Inflation: The Wave of Escalating Prices Linger Nigeria’s year-on-year inflation paced higher in November at 28.20%, adding 0.87 percentage points from 27.33% y/y in October 2023, and beating 27.90% y/y Bloomberg estimate. Likewise,…
FINANCIAL MARKETS TODAY –14 December 2023
FIXED INCOME MARKETS Money Market Opening system fell significantly by c.225.10% to -₦183.42 billion from ₦146.62 billion recorded yesterday due to the NTB auction debit. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by…
FINANCIAL MARKETS TODAY –13 December 2023
FIXED INCOME MARKETS Money Market Opening system declined by c.14.47% to ₦146.62 billion from ₦171.43 billion recorded yesterday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) expanded by 145bps and 198bps to 17.19%, and 18.19%,…
FINANCIAL MARKETS TODAY –12 December 2023
FIXED INCOME MARKETS Money Market Opening system fell slightly by c.3.39% to ₦171.43 billion from ₦177.44 billion recorded yesterday. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) shed 26bps and 74bps to 15.74%, and 16.21%, respectively.…
AIICO MONEY MARKET FUND NEWSLETTER – November 2023
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,…
Monthly Financial Market Update – November 2023
Global Macroeconomic Review The global market witnessed some optimism in November, as the MSCI All Country World Index appreciated by 9.07% after three consecutive months of decline. Precisely, the S&P 500 (+8.92%), NASDAQ composite (+10.70%), FTSE…
FINANCIAL MARKETS TODAY –11 December 2023
FIXED INCOME MARKETS Money Market Opening system expanded by c.130.94% from ₦76.83 billion last Friday to ₦177.44 billion today. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N) shed 317bps and 263bps to 16.00%, and 16.95%,…
