FINANCIAL MARKETS TODAY –09 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity settled at c.₦ 538.90 billion long, compared with yesterday’s opening balance of ₦765.13 billion. The Open Repo Rate (OPR) and the Overnight Rate (O/N) both increased by 20bps to 11.70% and…
FINANCIAL MARKETS WEEKLY – 09 June 2023
FIXED INCOME MARKETS Money Markets System liquidity amplified by 134.17% week-on-week from ₦230.13 billion at close of last week to settle at ₦538.90 billion today. This was catalyzed by inflows from Swap maturities during the week. However, the Open…
FINANCIAL MARKETS TODAY –08 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity improved to c.₦765.13 billion long, compared with yesterday’s opening balance of ₦659.87 billion. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N) fell by 13bps and 10bps to…
AIICO BALANCED FUND NEWSLETTER – May 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 –07 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity improved to c.₦659.87 billion long, compared with yesterday’s opening balance of ₦370.70 billion. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) remained unchanged at 11.63% and…
Monthly Financial Market Update – May 2023
Macroeconomic Review Nigeria’s Gross Domestic Product – Lower than expected growth numbers Nigeria’s Q1 2023 Gross Domestic Product (GDP) grew by 2.31% Y-o-Y, lower than the 2.85% estimate. Although, the growth rate was lower than 3.52% in Q4’2022 and…
FINANCIAL MARKETS TODAY –06 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity improved to c.₦381.08 billion long, , compared with the opening balance of ₦200 billion long, recorded yesterday Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) remained…
AIICO MONEY MARKET FUND NEWSLETTER – May 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 June 2023
FIXED INCOME MARKETS Money Markets In the absence of official figures, opening system liquidity was estimated to hover around c.₦200 billion long. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased to 11.63% and 12.00%…
FINANCIAL MARKETS WEEKLY – 02 June 2023
FIXED INCOME MARKETS Money Markets Due to the absence of significant flows, opening system liquidity swung at close-range levels this week, as we recorded only 17bps decline to ₦230.13 billion, week-on-week. The Open Repo Rate (OPR) and Overnight Rate…
