FINANCIAL MARKETS WEEKLY – 10 MAY 2024
FIXED INCOME MARKETS MONEY MARKETS After a positive opening balance at the start of the week, the sale of ₦260.55 billion worth of OMO bills drained the system liquidity, resulting in a deficit balance. However, liquidity improved towards the end of the…
Monthly Financial Market Update – April 2024
Global Macroeconomic Review United States: The hope for stability in the prices of goods and services continued to wane as the recent inflation data reignited concerns around sticky inflation, uncertainty in the Fed’s policy directions, and overall…
FINANCIAL MARKETS TODAY – 09 May 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity improved to ₦294.27 billion from -₦46.40 billion reported yesterday. Consequently, the Open Repo Rate (OPR) declined by 74bps to 28.22%, while the Overnight Rate (O/N) fell by 74 bps to 28.97%. …
AIICO MONEY MARKET FUND NEWSLETTER – April 2024
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,…
AIICO BALANCED FUND NEWSLETTER – APRIL 2024
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 – 08 May 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity improved to -₦46.39 billion from -₦173.45 billion reported yesterday. Nonetheless, the Open Repo Rate (OPR) increased by 43bps to 28.96%, while the Overnight Rate (O/N) increased by 24 bps to…
FINANCIAL MARKETS TODAY – 07 May 2024
FIXED INCOME MARKETS MONEY MARKETS Due to yesterday’s OMO bills auction debit, opening system liquidity fell short today to -₦173.45 billion from ₦296.33 billion. Consequently, the Open Repo Rate (OPR) increased by 115bps to 28.53%, while the Overnight…
FINANCIAL MARKETS TODAY – 06 May 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity significantly improved today, increasing to ₦296.33 billion from ₦19.61 billion recorded last week Friday. Overall, the Open Repo Rate (OPR) increased by 113bps to 27.38%, while the Overnight…
FINANCIAL MARKETS WEEKLY – 03 MAY 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity consistently increased this week to open at a positive balance of ₦19.61 billion today, from -₦606.76 billion reported last week Friday. Overall, the Open Repo Rate (OPR) declined by 400bps to 26.25%,…
FINANCIAL MARKETS TODAY – 02 May 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity improved significantly today, opening at -₦74.33 billion compared to -₦403.58 billion reported on Tuesday. Consequently, the Open Repo Rate (OPR) declined by 258 bps to 27.63%, while the Overnight Rate…
