FINANCIAL MARKETS TODAY – 20 December 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity further improved to open with a balance of ca ₦173.96 billion, compared to yesterday’s opening balance of ca ₦152.98 billion. Thus, the Overnight Policy Rate (OPR) declined to 7.50% from 9.50%…
FINANCIAL MARKETS TODAY – 19 December 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened the week with a credit balance of ca ₦152.98 billion, compared to Friday’s opening balance of ca ₦106.89 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to…
FINANCIAL MARKETS TODAY – 16 December 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened lower with a credit balance of ₦106.89 billion, compared to yesterday’s opening balance of ca ₦136.81 billion. Nonetheless, the Overnight Policy Rate (OPR) and Overnight (ON) rate closed…
INFLATION WATCH – NOVEMBER 2022
Headline Inflation rose to 21.47% in November 2022 Nigeria’s inflation for November 2022 quickened to 21.47% Y-o-Y (Est. +21.30%), an increase of c.0.38% from 21.09% Y-o-Y recorded in October 2022. In addition, the headline inflation grew at 1.39% M-o-M…
FINANCIAL MARKETS TODAY – 15 December 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened significantly higher today at ca ₦136.81 billion compared to yesterday’s opening balance of ca ₦55.28 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rate closed lower…
Monthly Financial Market Update – November 2022
Macroeconomic Review Q3:2022 growth numbers for Nigeria and sustained hawkish CBN amid mounting inflationary pressures The Nigerian economy grew by 2.25% Y-o-Y (Est. 2.90%) in the third quarter of 2022 (vs 3.54% and 4.03% recorded in Q2:2022 and Q3:2021…
FINANCIAL MARKETS TODAY – 14 December 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a balance of ca ₦55.28 billion amid the FGN bond auction settlement, compared to yesterday’s opening balance of ca ₦151.13 billion. Thus, the Overnight Policy Rate (OPR) and…
FINANCIAL MARKETS TODAY – 13 December 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened higher today with a balance of ca ₦151.13 billion, compared to yesterday’s opening balance of ca ₦91.44 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rate closed…
FINANCIAL MARKETS TODAY – 12 December 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened the week positive with a balance of ca ₦91.44 billion, albeit significantly lower than Friday’s opening balance of ca ₦187.75 billion. Thus, the Overnight Policy Rate (OPR) and Overnight…
FINANCIAL MARKETS TODAY – 09 December 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity improved today with a positive balance of c.₦ 187.75 billion compared to c.₦ 164.24 billion recorded yesterday. However, the Overnight Policy Rate (OPR) and Overnight (ON) rate closed higher at…
