FINANCIAL MARKETS TODAY –08 May 2023
FIXED INCOOME MARKETS Money Markets Opening System liquidity increased to c.₦534.78 billion long, compared with the opening balance of ₦343.84 billion recorded last week Friday. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) both…
AIICO MONEY MARKET FUND NEWSLETTER – April 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 TODAY –05 May 2023
FIXED INCOME MARKET Money Markets Opening System liquidity increased to c.₦343.84 billion long, compared with the opening balance of ₦297.75 billion recorded yesterday. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) remained unchanged at…
Monthly Financial Market Update – April 2023
Macroeconomic Review Nigeria’s Inflation-Reflecting the known reality Nigeria’s inflation for March 2023 rose to 22.04% Y-o-Y (Est. +21.80%), an increase of c.0.13% from 21.91% Y-o-Y recorded in February 2023. Moreso, headline inflation printed higher at…
FINANCIAL MARKETS TODAY –04 May 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity declined to c. ₦ 297.75 billion long, compared with the opening balance of ₦320.88 billion recorded yesterday. However, the Open Repo Rate (OPR) remained unchanged at 11.00% while the Overnight…
FINANCIAL MARKETS TODAY –03 May 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity increased to c. ₦ 320.88 billion long, compared with the opening balance of ₦293.02 billion recorded yesterday. However, the Open Repo Rate (OPR) remained unchanged at 11.00% while the Overnight…
FINANCIAL MARKETS TODAY –02 May 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity declined to at c. ₦293.02 billion long, compared with the opening balance of ₦1.11 trillion recorded last week Friday. This was due to the Retail FX SMIS and CRR debits that took place.…
FINANCIAL MARKETS TODAY –28 April 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity remained buoyant today at c. ₦1.11 trillion long, compared with the opening balance of ₦1.31 trillion recorded yesterday. However, following the retail FX auction today, the Open Repo Rate (OPR)…
FINANCIAL MARKETS TODAY –27 April 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity increased significantly to a robust ₦1.31 trillion, buoyed by today’s April 2023 FGN bond maturity, compared with the opening balance of ₦525.78 billion recorded yesterday. Consequently, the…
FINANCIAL MARKETS TODAY –26 April 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity improved today with an eye-watering positive balance of ₦525.78 billion, compared with the opening balance of -₦407.88 million recorded yesterday. Consequently, the Open Repo Rate (OPR) and…
