FINANCIAL MARKETS TODAY –19 July 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity settled at (₦-117.63) million long, compared with ₦513.33 million recorded yesterday. Nonetheless, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased by 854bps and 888bps to 11.25% and…
INFLATION WATCH – June 2023
Inflation Watch -The furnace rages on Nigeria’s inflation accelerated to 22.79% YoY in June 2023, higher by 0.38% compared to 22.41% YoY recorded in May (Bloomberg Est. 23.00%). The headline inflation grew by 2.13% M-o-M in June 2023 vs 1.94% recorded in…
FINANCIAL MARKETS TODAY –18 July 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity settled at ₦513.33 million long, compared with ₦430.12 million recorded yesterday. Nonetheless, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased by 167bps and 200bps to 2.71% and…
FINANCIAL MARKETS TODAY –17 July 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity settled at ₦430.12 million long, compared with ₦440.52 million recorded last week Friday. Consequently, the Open Repo Rate (OPR) and Overnight Rate (O/N) decreased by 7bps and 16bps to 1.04% and…
AIICO MONEY MARKET FUND NEWSLETTER – June 2023
OVERVIEW AIICO Money Market fund is an open-ended collective investment vehicle 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 WEEKLY – 14 July 2023
FIXED INCOME MARKETS Money Markets System liquidity declined by 46.15% to ₦440.52 billion from ₦818.00 billion recorded at close of last week. Consequently, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased by 25bps and 33bps to 1.11% and…
FINANCIAL MARKETS TODAY –13 July 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity settled at ₦600.47 million long, compared with ₦849.86 million recorded yesterday. Consequently, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased by 100bps and 142bps to 1.00% and…
FINANCIAL MARKETS TODAY –12 July 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity settled at ₦849.86 million long, compared with ₦828.40 million recorded yesterday. Thus, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased by 7bps and 8bps to 0.93% and 1.33%,…
FINANCIAL MARKETS TODAY –11 July 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity settled at ₦828.40 million long, compared with ₦822.74 million recorded yesterday. Thus, the Open Repo Rate (OPR) and Overnight Rate (O/N) slipped by 7bps and 8bps to 0.86% and 1.25%,…
Monthly Financial Market Update – June 2023
Global Macroeconomic Review In the early period of June, the World Bank revised global GDP growth rate for 2023 from 1.7% predicted in January, to 2.10%. The World Bank expects the greater-than-expected resilience felt in the economy to dissolve out…
