AIICO MONEY MARKET FUND NEWSLETTER – October 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,…
FINANCIAL MARKETS WEEKLY – 03 November 2023
FIXED INCOME MARKETS Money Markets System liquidity was impacted by CRR debit and OMO auction funding this week. Accordingly, liquidity declined by 58.26% from ₦894.18 billion to ₦354.46 billion this week. Nevertheless, the Open Repo Rate (OPR) and…
FINANCIAL MARKETS WEEKLY – 27 October 2023
FIXED INCOME MARKETS Money Markets System liquidity improved this week, due to bond coupon inflows and FAAC credits. Contextually, liquidity increased by 244.49% from ₦246.50 billion to ₦849.18 billion this week. Nevertheless, the Open Repo Rate (OPR)…
FINANCIAL MARKETS TODAY –03 October 2023
FIXED INCOME MARKETS Money Market Opening system liquidity significantly increased today from ₦405.20 billion last week Friday to ₦823.07 billion today. Unsurprisingly, the Open Repo Rate (OPR) and the Overnight Rate (O/N) contracted by 170bps and 195bps…
FINANCIAL MARKETS TODAY –26 September 2023
FIXED INCOME MARKETS Money Market Opening system liquidity weakened further by c. 26.28% from ₦47.72 billion yesterday to ₦35.18 billion today. Thus, the Open Repo Rate (OPR) soared by 500bps to 10.50%, while the Overnight Rate (O/N) expanded by 479bps…
FINANCIAL MARKETS TODAY –25 September 2023
FIXED INCOME MARKETS Money Market Opening system liquidity fell by c. 27.31% from ₦65.64 billion on Friday to ₦47.72 billion today. In response, the Open Repo Rate (OPR) widened by 292bps to 5.50%, while the Overnight Rate (O/N) expanded by 296bps to…
FINANCIAL MARKETS TODAY –21 September 2023
FIXED INCOME MARKETS Money Market Opening system liquidity fell by 21.56% from yesterday’s balance but stayed positive. For context, system liquidity opened at ₦181.17 billion long, from ₦230.96 billion long yesterday. Nonetheless, the Open Repo Rate…
FINANCIAL MARKETS TODAY –20 September 2023
FIXED INCOME MARKETS Money Market Today, there was a surge in system liquidity, boasting a noteworthy ₦230.96 billion surplus, a stark contrast to the ₦41.43 billion deficit observed just yesterday. This liquidity infusion led to significant shifts in…
FINANCIAL MARKETS TODAY –19 September 2023
FIXED INCOME MARKETS Money Market System liquidity opened the trading session on a negative footing at c.-₦41.43 billion, in contrast to the ₦110.77 billion registered yesterday. The Open Repo Rate (OPR) declined by 120 basis points, settling at 14.63%,…
FINANCIAL MARKETS TODAY –18 September 2023
FIXED INCOME MARKETS Money Market As a result of the coupon inflows observed today, the overall system liquidity opened the trading session on a favourable footing, amounting to c.₦110.77 billion in excess, in contrast to the deficit of ₦317.53 billion…
