FINANCIAL MARKETS TODAY-14 July 2021
FIXED INCOME MARKET Stop rates for the 91 and 182-day tenors at the Nigerian Treasury Bills (NTB) Primary Market Auction (PMA) remained unchanged at 2.50% and 3.50% respectively, while the 364-day declined for the third consecutive auction to close at…
FINANCIAL MARKETS TODAY-13 July 2021
Liquidity in the banking system slipped into a deficit to open at ca -₦24.99 billion, lower than the previous day’s opening of ca ₦28.63 billion. As a result, Open Buy Back (OBB) and Overnight (ON) rates trended higher to close at 18.50% and 19.00% from…
AIICO MONEY MARKET FUND NEWSLETTER – JUNE 2021
AIICO Money Market fund is an open-ended collective investment vehicles that pools investment monies from various individuals, Corporate organizations and High Networth Clients(HNC) for the purpose of investing in money market securities, designed to…
AIICO BALANCED FUND NEWSLETTER – JUNE 2021
The fund's net yield increased month on month to -4.89% at the end of June 2021 an improvement from -6.38% in May. This improvement was closely tied to the bullish yield trend in the bonds market as well as strategic positioning in some defensive stocks…
FINANCIAL MARKETS TODAY-12 July 2021
System Liquidity opened the week with a balance of ca ₦28.63 billion, lower than the previous day’s opening of ca ₦149.26 billion ensued by the CRR debits and funding for the retail SMIS auction on Friday. Nevertheless, Open Buy Back (OBB) and Overnight…
FINANCIAL MARKETS TODAY – 09 July 2021
System Liquidity improved significantly today, opening with a balance of ca ₦149.26 billion, higher than previous day’s opening of ca ₦24.15 billion. Nevertheless, Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 19.75% and 20.50%…
Monthly Financial Market Update – June 2021
Headline Consumer Price Index (CPI) figures for May settled at 17.93% Y-o-Y vs 18.12% recorded in April 2021. The reduction in headline inflation was largely due to...
FINANCIAL MARKETS TODAY – 08 July 2021
System Liquidity eased further today, opening with a balance of ca ₦24.15 billion today, lower than previous day’s opening of ca ₦53.53 billion. As a result, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 11.25% and 11.75%…
FINANCIAL MARKETS TODAY – 07 July 2021
System Liquidity opened with a balance of ca ₦53.53 billion today, lower than previous day’s opening of ca ₦205.76 billion. As a result, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 10.00% and 10.20% from 9.75% and 10.25%…
FGN BONDS ISSUANCE CALENDAR FOR THE THIRD QUARTER, 2021
The Debt Management Office (DMO) released the Federal Government of Nigeria (FGN) bond issuance calendar for third quarter of 2021, with total amount on offer of ca ₦540billion, ca +20% higher than ₦450billion offered in Q2 2021. The calendar indicated…
