FINANCIAL MARKETS TODAY –25 April 2023
FIXED INCOME MARKETS Money Markets System liquidity opened with a negative balance of -₦407.88 million today, compared with the opening balance of -₦430.03 billion recorded as at close of last week. Nevertheless, the Open Repo Rate (OPR) and Overnight…
FINANCIAL MARKETS TODAY –20 April 2023
FIXED INCOME MARKETS Money Markets System liquidity opened with a negative balance of -₦430.03 billion today, compared with the opening balance of -₦851.25 billion recorded yesterday. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) both…
FINANCIAL MARKETS TODAY –19 April 2023
FIXED INCOME MARKETS Money Markets System liquidity opened with a negative balance of -₦851.25 billion today (driven by the FGN bond auction settlement), compared with the opening balance of -₦224.71 billion recorded yesterday. Thus, the Overnight Policy…
FINANCIAL MARKETS TODAY –18 April 2023
FIXED INCOME MARKETS Money Markets System liquidity opened with a negative balance of -₦224.71 billion today, compared with the opening balance of -₦262.28 billion recorded yesterday. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) both…
INFLATION WATCH – March 2023
Inflation Watch – Reflecting The Known Reality Nigeria’s inflation for March 2023 increased 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 1.86% M-o-M…
FINANCIAL MARKETS TODAY –17 April 2023
FIXED INCOME MARKETS Money Markets System liquidity remained depressed today, in the absence of any significant inflows. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) both remained unaltered at 18.63% and 19.00%, respectively. Outlook:…
FINANCIAL MARKETS TODAY-14 April 2023
FIXED INCOME MARKETS Money Markets System liquidity remained firmly in the negative territory, with estimated opening balance lower than c.-₦183.18 billion. However, the Overnight Policy Rate (OPR) decreased to 18.63% from18.67% that was recorded…
FINANCIAL MARKETS TODAY-13 April 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity declined today, printing a balance of c.-₦183.18 billion, compared to yesterday’s opening balance of c.-₦55.66 billion. Consequently, the Overnight Policy Rate (OPR) increased to 18.67%…
FINANCIAL MARKETS TODAY-12 April 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity improved relatively today, with a balance of c.-₦55.66 billion, compared to yesterday’s opening balance of c.-₦160.70 billion. However, the Overnight Policy Rate (OPR) remained unchanged at…
FINANCIAL MARKETS TODAY-11 April 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity was negative today, with a balance of c.-₦127.67billion, compared to last week Thursday’s opening balance of c.-₦160.70 billion. Thus, the Overnight Policy Rate (OPR) expanded by 13bps to…
