FINANCIAL MARKETS TODAY – 24 November 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened at c.₦319.67 billion today, significantly higher than yesterday’s opening of c.-₦115.64 billion, due to FAAC inflows. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates…
FINANCIAL MARKETS TODAY – 23 November 2022
FIXED INCOME MARKET Money Market Interbank liquidity opened with a balance of c.-₦115.64bn, compared to yesterday’s opening balance of c.-₦165.27bn. Nonetheless, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) remained unchanged at 17.13% and…
FINANCIAL MARKETS TODAY – 21 November 2022
FIXED INCOME MARKET Interbank system liquidity opened the week in a deficit of ca -₦226.50 billion, significantly lower than Friday’s opening balance of ca -₦158.99 billion. Due to the dearth of liquidity in the system, the Overnight Policy Rate (OPR)…
FINANCIAL MARKETS TODAY – 18 November 2022
FIXED INCOME MARKET Interbank system liquidity slipped further into the negative zone, with an opening balance of ca – ₦158.99 billion, lower than yesterday’s balance of ca -₦129.86 billion. Thus, the Overnight Policy Rate (OPR) and Overnight Rate…
FINANCIAL MARKETS TODAY – 17 November 2022
FIXED INCOME MARKET Money Market Interbank system liquidity slipped into a deficit with an open balance of -ca ₦129.86billion, significantly lower than yesterday’s opening balance of ca ₦131.44 billion. Thus, the Overnight Policy Rate (OPR) and Overnight…
FINANCIAL MARKETS TODAY – 16 November 2022
FIXED INCOME MARKET Interbank system liquidity opened the day with a credit balance of c.₦131.44 billion compared to yesterday’s opening balance of ₦42.81 billion. The Open Buy Back (OBB) trended higher to settle at 16.25% from 16.17% recorded, the…
INFLATION WATCH – OCTOBER 2022
Headline Inflation rose to 21.09% in October 2022 Nigeria’s Consumer Price Index (CPI) for the month of October 2022 accelerated to 21.09% Y-o-Y (lower than Bloomberg median estimate +21.30%), an increase of c.0.32% from 20.77% Y-o-Y recorded in the…
FINANCIAL MARKETS TODAY – 15 November 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened the day with a credit balance of ca ₦42.81 billion compared to yesterday’s opening balance of ₦34.55 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates trended higher…
FINANCIAL MARKETS TODAY – 14 November 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened with a credit balance of ca ₦34.55 billion, significantly lower than Friday’s opening balance of ₦317.08 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to…
FINANCIAL MARKETS TODAY – 11 November 2022
FIXED INCOME MARKET Money Market Interbank system liquidity slightly improved today, to open with a credit balance of ca ₦317.08 billion higher than yesterday’s balance of ca ₦306.46. However, the Overnight Policy Rate (OPR) and Overnight Rate (O/N)…
