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 FAAC. However, the Overnight Policy Rate…
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 (O/N) moderated to 17.13% and 17.63%…
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 Overnight Rate (O/N) decreased…
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 of the committee’s decisions:…
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 caused most…
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 to 18.38% and 18.75%…
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 headline inflation slipped to 1.71% M-o-M in February…
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 Overnight Rate (O/N) decreased to 12.25% 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 retail FX SMIS that was conducted today by the CBN, the Overnight…
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) and Overnight Rate (O/N) remained the same…
