Monthly Financial Market Update – March 2023
Macroeconomic Review Nigeria’s Inflation – Annual headline inflation nudged higher Nigeria’s annual inflation rate increased to 21.91% in February 2023, up from 21.82% the previous month and beyond market expectations of 21.85%. Food prices, the…
AIICO BALANCED FUND NEWSLETTER – March 2023
OVERVIEW AIICO Balanced Fund is an open-ended mutual fund, investing in Fixed income instruments, Money market instruments and both Quoted and Unquoted equities. INVESTMENT OBJECTIVE The investment objective of the Fund is to create medium to long term…
FINANCIAL MARKETS TODAY-6 April 2023
FIXED INCOME MARKETS Money Markets System liquidity remained in its negative territory today, with an opening balance of c.-₦160.70billion, compared to yesterday’s opening negative balance of c.-₦81.08 billion. However, the Overnight Policy Rate (OPR)…
FINANCIAL MARKETS TODAY-5 April 2023
FIXED INCOME MARKETS Money Markets System liquidity remained in its negative territory today, with an opening balance of c.-₦81.08billion, compared to yesterday’s opening positive balance of c. -₦61.08 billion. Thus, the Overnight Policy Rate (OPR)…
FINANCIAL MARKETS TODAY-4 April 2023
FIXED INCOME MARKETS Money Markets System liquidity opened negative today, with a balance of c.-₦-61.08billion, compared to yesterday’s opening positive balance of c.₦43.26 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N)…
AIICO MONEY MARKET FUND NEWSLETTER – March 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-3 April 2023
FIXED INCOME MARKETS Money Markets System liquidity opened positive today, with a balance of c.₦43.26 billion, compared to last week Friday’s opening negative balance of c.-₦415.28 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate…
FINANCIAL MARKETS TODAY-31 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity was estimated to be c.-₦300 billion in the absence of official figures, compared to yesterday’s opening balance of c.-₦200.24 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight…
FINANCIAL MARKETS TODAY-30 March 2023
FIXED INCOME MARKETS Money Markets System liquidity improved slightly today, albeit still in the negative territory, following inflows from retail FX refund, as opening balance settled at c.-₦345.71 billion, compared to yesterday’s opening balance of…
FINANCIAL MARKETS TODAY-29 March 2023
FIXED INCOME MARKETS Money Markets System liquidity dipped further at c.-₦617.51 billion, compared to yesterday’s opening balance of c.-₦482.43 billion. As a result, Overnight Policy Rate (OPR) and Overnight Rate (O/N) increased to 18.50% and 19.00%,…
