INFLATION WATCH – September 2023
Nigeria’s headline Inflation soars to 26.72%, an 18-year high Nigeria’s inflation for September jumped to 26.72% y/y, from 25.80% y/y in August 2023, adding 0.92 percentage points between August and September (Bloomberg Est. 27.10%). The headline…
FINANCIAL MARKETS WEEKLY – 13 October 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity fell by 15.97% to ₦448.75 billion today, from ₦532.88 billion last week Friday. The Open Repo Rate (OPR) remained unchanged at 1.00%, while the Overnight Rate (O/N) rate fell by 3bps to 1.70%,…
AIICO MONEY MARKET FUND NEWSLETTER – September 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,…
AIICO MONEY MARKET FUND NEWSLETTER – August 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 – September 2023
Global Macroeconomic Review Among major headlines, the global crude oil market was at the spotlight for the most part of September. The OPEC+ giants, Saudi Arabia and Russia, announced voluntary oil production cuts totalling 1.3mbpd till the end of the…
FINANCIAL MARKETS WEEKLY – 06 October 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity settled at ₦532.88 billion today, despite the CRR debit that nearly dampened the FAAC-enhanced liquidity during the week. In percentage terms, liquidity increased by 31.51% from ₦405.20 billion…
FINANCIAL MARKETS TODAY –04 October 2023
FIXED INCOME MARKETS Money Market Following some statutory CRR deductions, the opening system liquidity declined by 55.62% to ₦572.69 billion from ₦1.29 trillion yesterday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) fell by 110bps…
FINANCIAL MARKETS TODAY –04 October 2023
FIXED INCOME MARKETS Money Market Opening system liquidity ballooned to ₦1.29 trillion today, up by 56.78% from ₦823.07 billion yesterday. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 130bps and 155bps to 2.30% and 3.00%,…
FINANCIAL MARKETS WEEKLY – 29 September 2023
FIXED INCOME MARKETS Money Markets Throughout the week, system liquidity remained predominantly positive. Today, It was buoyed by the FAAC monthly credit injection, as opening system liquidity soared by 517.30% to ₦405.20 billion, climbing from ₦65.64…
FINANCIAL MARKETS WEEKLY – 22 September 2023
FIXED INCOME MARKETS Money Markets System liquidity staggered around the positive territory, due to support from coupon inflows. It improved to ₦65.64bn long from -₦317.53bn recorded last week Friday. Consequently, the Open Repo Rate (OPR) and Overnight…
