FINANCIAL MARKETS TODAY – 27 July 2021

FIXED INCOME MARKET Money Markets System liquidity opened at ca ₦9.08 billion today, a slight improvement from yesterday’s deficit balance of ca -₦18.02 billion as the repayment of OMO maturities hit the system. However, Open Buy Back (OBB) and Overnight (ON) rates trended higher to close at 15.75% and 16.25% from 15.00% and 15.75% respectively,… Continue reading FINANCIAL MARKETS TODAY – 27 July 2021

FINANCIAL MARKETS TODAY – 26 July 2021

FIXED INCOME MARKET Money Markets System liquidity opened the week in a deficit of ca -₦18.02 billion, significantly lower than Friday’s opening balance of ca ₦521.54 billion. Nevertheless, Open Buy Back (OBB) and Overnight (ON) rates trended lower to close at 15.00% and 15.75% from 27.50% and 28.75% respectively, the previous day. Treasury Bills The… Continue reading FINANCIAL MARKETS TODAY – 26 July 2021

FINANCIAL MARKETS TODAY – 23 July 2021

close at 27.50% and 28.75% from 8.00% and 8.25% respectively, the previous day. This was due to the CRR and FX retail auction debits passed today by the CBN. Thus, system liquidity is expected to be lower than previous day’s opening of ca ₦29.12 billion.

FINANCIAL MARKETS TODAY – 22 July 2021

System liquidity opened at ca ₦29.12 billion today, lower than the Monday’s opening of ca ₦62.88 billion. However, Open Buy Back (OBB) and Overnight (ON) rates trended lower to close at 8.00% and 8.25% from 11.00% and 11.50% respectively, the previous day.

FINANCIAL MARKETS TODAY – 19 July 2021

System liquidity opened at ca ₦62.88 billion today, slightly higher than the Friday’s opening of ca ₦60.11 billion. However, Open Buy Back (OBB) and Overnight (ON) rates trended higher to close at 11.00% and 11.50% from 4.50% and 4.75% respectively, the previous day.

FINANCIAL MARKETS TODAY-16 July 2021

Money Markets Liquidity in the banking system opened at ca ₦60.11 billion today, significantly lower than the previous day’s opening of ca ₦842.13 billion. However, Open Buy Back (OBB) and Overnight (ON) rates trended lower to close at 4.50% and 4.75% from 7.00% and 7.25% respectively, the previous day. Treasury Bills Activities in the NTB… Continue reading FINANCIAL MARKETS TODAY-16 July 2021

INFLATION WATCH – JUNE 2021

A Persistent decline in Nigeria’s Headline Inflation Figures The Consumer Price Index (CPI) report for June which was released today, shows that Nigeria’s headline inflation moderated for the third consecutive month, down 18bps Y-o-Y to 17.75% (from 17.93% in the prior month). The inflation rate came in 12bps lower than our estimate of 17.87% and… Continue reading INFLATION WATCH – JUNE 2021