FINANCIAL MARKETS TODAY –23 October 2023
FIXED INCOME MARKETS Money Market System liquidity fell slightly by 3.10% to c.₦238.85 billion from ₦246.50 billion recorded last Friday. Accordingly, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 36bps and 30bps to 1.86% and 2.50%,…
FINANCIAL MARKETS TODAY –19 October 2023
FIXED INCOME MARKETS Money Market System liquidity improved today with net additions of c.₦164.93 billion to open at ₦495.09 billion compared to yesterday’s opening balance. Accordingly, the Open Repo Rate (OPR) and the Overnight Rate (O/N) fell by 25bps…
FINANCIAL MARKETS TODAY –18 October 2023
FIXED INCOME MARKETS Money Market System liquidity slipped by c.₦250.82 billion to open at ₦330.16 billion compared to yesterday’s opening balance. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 23bps and 30bps to 1.17%…
FINANCIAL MARKETS TODAY –17 October 2023
FIXED INCOME MARKETS Money Market System liquidity dropped by c.₦36.63 billion to open at ₦580.98 billion compared to yesterday’s opening balance. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) stayed at 0.94% and 1.50%, respectively.…
FINANCIAL MARKETS WEEKLY – 24 November 2023
FIXED INCOME MARKETS Money Markets Early this week, system liquidity slipped into negative territory and further deteriorated due to the impact of NTB auction funding and the sustained presence of most banks at the Standing Lending Facility (SLF) Window.…
FINANCIAL MARKETS TODAY –16 October 2023
FIXED INCOME MARKETS Money Market System liquidity opened at ₦617.61 billion from ₦448.75 billion last Friday. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 6bps and 17bps to 0.94% and 1.50%, respectively. Outlook: We…
FINANCIAL MARKETS TODAY –12 October 2023
FIXED INCOME MARKETS Money Market The financial system maintained its buoyant status today, as system liquidity opened at ₦480.69 billion from ₦459.34 billion yesterday. Thus, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 7bps and…
FINANCIAL MARKETS TODAY –11 October 2023
FIXED INCOME MARKETS Money Market System liquidity opened at ₦459.34 billion from ₦496.63 billion yesterday. Thus, the Open Repo Rate (OPR) and the Overnight Rate (O/N) appreciated by 7bps and 9bps to 1.00% and 1.67%, respectively. Outlook: We expect the…
FINANCIAL MARKETS TODAY –10 October 2023
FIXED INCOME MARKETS Money Market System liquidity opened at ₦496.63 billion from ₦510.09 billion yesterday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 7bps and 12bps to 0.93% and 1.58%, respectively. Outlook: We…
FINANCIAL MARKETS TODAY –09 October 2023
FIXED INCOME MARKETS Money Market Opening system liquidity declined by 4.28% to ₦510.09 billion from ₦532.89 billion last Friday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) remained unchanged at 1.00% and 1.70%, respectively.…
