FINANCIAL MARKETS TODAY –07 August 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity decreased to ₦294.35billion long, compared with ₦355.75 billion recorded last week Friday. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 7bps and 37bps to 5.90% and…
FINANCIAL MARKETS WEEKLY – 04 August 2023
FIXED INCOME MARKETS Money Markets System liquidity declined this week, significantly tied to CBN’s debits across banks who failed to meet the 65% minimum Loan to Deposit Ratio requirement. For context, system liquidity declined by 47.96% from ₦683.56…
FINANCIAL MARKETS TODAY –03 August 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased to ₦839.84 billion long, compared with ₦824.00 billion recorded yesterday. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 14bps and 21bps to 1.07% and…
FINANCIAL MARKETS TODAY –01 August 2023
Fixed income markets Money Markets Opening system liquidity increased to ₦810.49 billion long, compared with ₦788.93 billion recorded yesterday. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 1.29bps and 1.15 bps respectively…
FINANCIAL MARKETS TODAY –31 July 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased to ₦788.93 billion long, compared with ₦686.56 billion recorded last week Friday. Thus, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 2bps respectively to 0.92%…
FINANCIAL MARKETS WEEKLY – 28 July 2023
FIXED INCOME MARKETS Money Markets System liquidity was boosted by FAAC credit this week. System liquidity increased by more than 10.15x, from -₦74.69 billion recorded at close of last week to ₦683.56 billion long. Consequently, the Open Repo Rate (OPR)…
MPC HIGHLIGHT – JULY 2023
The Monetary Policy Committee (MPC) concluded its 2-day meeting today and raised the benchmark interest rate by 25bps to 18.75% and adjusted its asymmetric corridor to -300/+100 basis points around the MPR. Please see below, a summary of the committee’s…
FINANCIAL MARKETS WEEKLY – 21 July 2023
FIXED INCOME MARKETS Money Markets System liquidity was drained by the FGN bond auction settlement this week. Opening system liquidity dipped by 116.96% to ₦74.69 billion short from ₦440.51 billion long recorded at close of last week. Consequently, the…
FINANCIAL MARKETS TODAY –19 July 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity settled at (₦-117.63) million long, compared with ₦513.33 million recorded yesterday. Nonetheless, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased by 854bps and 888bps to 11.25% and…
INFLATION WATCH – June 2023
Inflation Watch -The furnace rages on Nigeria’s inflation accelerated to 22.79% YoY in June 2023, higher by 0.38% compared to 22.41% YoY recorded in May (Bloomberg Est. 23.00%). The headline inflation grew by 2.13% M-o-M in June 2023 vs 1.94% recorded in…
