FINANCIAL MARKETS TODAY-28 MARCH 2023
FIXED INCOME MARKETS Money Markets System liquidity opened lower at c.-₦482.43 billion, compared to yesterday’s opening balance of c.-₦458.62 billion, despite the inflows from FGN bond coupons, OMO maturity and…
FINANCIAL MARKETS TODAY-27 March 2023
FIXED INCOME MARKETS Money Markets System liquidity opened lower at c.-₦458.62 billion, compared to last week Friday’s opening balance of c.-₦404.58billion. However, the Overnight Policy Rate (OPR) and Overnight Rate…
FINANCIAL MARKETS TODAY – 24 March 2023
FIXED INCOME MARKETS Money Markets System liquidity declined further with an opening balance of c.-₦404.58 billion, compared to yesterday’s opening balance of c.-₦280.23billion. However, the Overnight Policy Rate (OPR) and…
MPC HIGHLIGHT – MARCH 2023
The Monetary Policy Committee (MPC) concluded its 2-day meeting on March 21, 2023, and raised the benchmark interest rate by 50bps, from 17.50% to 18.00%. Please see below, a summary…
FINANCIAL MARKETS TODAY – 23 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity slipped into the negative territory (c.-₦280.23 billion, compared to yesterday’s opening balance of c.₦197.27billion long), following yesterday’s FGN bond auction settlement which…
FINANCIAL MARKETS TODAY – 22 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity declined to c.₦197.27 billion, compared to yesterday’s opening balance of c.₦224.13billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increased…
INFLATION WATCH – February 2023
A slower pace for February’s Valentine Nigeria’s inflation for February 2023 rose to 21.91% Y-o-Y (Est. +21.80%), an increase of c.0.09% from 21.82% Y-o-Y recorded in January 2023. However, the…
FINANCIAL MARKETS TODAY – 20 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity declined to ₦59.80billion, compared to last week Friday’s opening balance of ₦235.84 billion. However, the CBN, the Overnight Policy Rate (OPR) and…
FINANCIAL MARKETS TODAY – 17 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity was estimated to be over ₦600 billion long, buoyed by retail FX refunds and FGN bond coupon payment. However, because of the…
FINANCIAL MARKETS TODAY – 16 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity fell slightly to a balance of c.₦574.03 billion, compared to yesterday’s opening balance of c.₦588.39 billion. However, the Overnight Policy Rate (OPR)…
