FINANCIAL MARKETS TODAY – 21 February 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity recorded a negative balance of c.₦ 22.1 billion, slightly improved when compared to yesterday’s negative balance of c.₦ 57.8 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight…
FINANCIAL MARKETS TODAY – 20 February 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity recorded a negative balance of c.₦ 57.8 billion compared to yesterday’s opening balance of c.₦ 156.6 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increased to…
FINANCIAL MARKETS TODAY – 17 February 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased to c.₦156.6 billion compared to yesterday’s opening balance of c.₦88.6 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increased to 17.13% and 17.81%…
FINANCIAL MARKETS TODAY – 16 February 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased to c.₦88.6 billion compared to yesterday’s opening balance of c.₦-176.6 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) fell to 15.38% and 16.25%…
FINANCIAL MARKETS TODAY – 15 February 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity fell to c.₦-176.6 billion compared to yesterday’s opening balance of c.₦ 566.5 billion, due to the FGN bond auction settlement. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate…
INFLATION WATCH – January 2023
Inflation still on the rise, no end in sight. Nigeria’s inflation for January 2023 nudged upward to 21.82% Y-o-Y (Est. +21.30%), an increase of c.0.48% from 21.34% Y-o-Y recorded in December 2022. In addition, the headline inflation grew at 1.87% M-o-M…
Monthly Financial Market Update – January 2023
Macroeconomic Review Nigeria’s inflation – About time for “law of gravity”? After the sustained increase in Nigeria’s inflation for the most part of 2022, Dec’2022 inflation turned out to be an outlier, as the National Bureau of Statistics reported…
FINANCIAL MARKETS TODAY – 14 February 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity improved to c.₦566.5 billion compared to yesterday’s opening balance of c.₦ 456.9 billion. However, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increased to 10.75% and 11.20%…
FINANCIAL MARKETS TODAY – 13 February 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased to c.₦456.9 billion compared to last week Friday’s opening balance of c.₦ 400.5 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) decreased to 10.50% and…
FINANCIAL MARKETS TODAY – 10 February 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity declined to c.₦400.5 billion compared to yesterday’s opening balance of c.₦ 459.3 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increased to 10.75% and 11.13%…
