AIICO MONEY MARKET FUND NEWSLETTER -OCTOBER 2021

AIICO Money Market Fund recorded a net yield of 9.88% p.a in October 2021, slightly lower than previous month’s closing yield of 10.08% p.a. Nevertheless, outperforming its benchmark’s average yield of 2.52%. This comes off the back of investment in high yielding treasury bills and other short-term securities, with the 364-day paper closing at 6.99% for the month under review, from 7.50% the previous month. Weighted Average tenor of the assets in the fund closed at ca 53.18 days.

AIICO BALANCED FUND NEWSLETTER – OCTOBER 2021

OVERVIEW AIICO Balanced Fund is an open-ended mutual fund, investing in Fixed income instruments, Money market instruments, and both Quoted and Unquoted equities. FUND PERFORMANCE The positive performance of the fund was sustained in October. The fund net yield improved month on month to 0.63% at the end of October 2021, from -1.59% in September.… Continue reading AIICO BALANCED FUND NEWSLETTER – OCTOBER 2021

FINANCIAL MARKETS TODAY – 02 November 2021

FIXED INCOME MARKET Money Markets Interbank system liquidity improved significantly today, with a credit balance of ca ₦191.95 billion, better than yesterday’s deficit balance of ca -₦9.24 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to 4.75% and 5.25% from 12.50% and 13.00% respectively, the previous day. Treasury Bills The… Continue reading FINANCIAL MARKETS TODAY – 02 November 2021

Monthly Financial Market Update – October 2021

Macroeconomic Review Global Crude Oil Prices Soar on Energy Supply Concerns and OPEC+ Decision International benchmark Brent crude prices soared through October, just as industries began to recover fully from the effects of the last year’s demand dip caused by the pandemic. During the month, oil prices rose swiftly as the Organization of Petroleum Exporting… Continue reading Monthly Financial Market Update – October 2021

FINANCIAL MARKETS TODAY – 01 November 2021

FIXED INCOME MARKET Money Markets  Interbank system liquidity remained low, opening with a negative balance of ca ₦9.24 billion, better than Friday’s balance of ca -₦14.49 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) trended significantly lower to 12.50% and 13.00% from 18.00% and 18.50% respectively, on Friday. Treasury Bills The NTB secondary… Continue reading FINANCIAL MARKETS TODAY – 01 November 2021

FINANCIAL MARKETS TODAY – 29 October 2021

Interbank system liquidity improved slightly, opening with a deficit balance of ca ₦14.49 billion, better than yesterday’s balance of ca ₦210.19 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) trended higher at 18.00% and 18.50% from 14.80% and 15.25% respectively, the previous day.

FINANCIAL MARKETS TODAY – 28 October 2021

Interbank system liquidity contracted further today, opening with a deficit balance of ca ₦210.19 billion lower than yesterday’s balance of ca ₦11.94 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) trended higher at 14.80% and 15.25% from 14.50% and 15.15% respectively, the previous day.

FINANCIAL MARKETS TODAY – 27 October 2021

FIXED INCOME MARKET Money Markets  Interbank system liquidity retracted today, opening with a deficit balance of ca ₦11.94 billion lower than yesterday’s balance of ca ₦0.78 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) trended lower by 10bps to settle at 14.50% and 15.15% respectively. Treasury Bills The NTB secondary market sustained its… Continue reading FINANCIAL MARKETS TODAY – 27 October 2021

FINANCIAL MARKETS TODAY – 26 October 2021

FIXED INCOME MARKET Money Markets   Interbank system liquidity improved significantly today (buoyed by OMO maturities and coupon payments worth ca ₦91.00 billion and ₦115.00 billion), opening with a credit balance of ca ₦0.78 billion higher than yesterday’s deficit balance of ca ₦243.37 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) trended lower to… Continue reading FINANCIAL MARKETS TODAY – 26 October 2021

FINANCIAL MARKETS TODAY – 25 October 2021

FIXED INCOME MARKET Money Markets   Interbank system liquidity slightly improved today, albeit still in a deficit at ca ₦243.37 billion, lower than Friday’s negative balance of ca ₦281.85 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) trended lower to settle at 15.50% and 16.00% from 19.00% and 19.25%, respectively on Friday. We expect… Continue reading FINANCIAL MARKETS TODAY – 25 October 2021