FINANCIAL MARKETS TODAY – 30 April 2024
FIXED INCOME MARKETS MONEY MARKETS Opening System liquidity stayed negative at -₦403.58 billion compared to -₦549.24 reported yesterday. Nonetheless, the Open Repo Rate (OPR) increased by 88 bps to 30.21%, while the Overnight Rate (O/N) increased by 33…
FINANCIAL MARKETS TODAY – 29 April 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity started the week with a deficit balance of -₦549.24 billion compared to yesterday’s -₦606.76. As a result, the Open Repo Rate (OPR) shrank by 92 bps to 29.33%, and the Overnight Rate (O/N)…
FINANCIAL MARKETS WEEKLY – 26 APRIL 2024
FIXED INCOME MARKETS MONEY MARKETS Throughout the week, the overall liquidity in the system remained deficient due to an overallocation of treasury bills at the primary market. Notwithstanding, the liquidity balance received a slight boost towards the…
FINANCIAL MARKETS TODAY – 25 April 2024
FIXED INCOME MARKETS MONEY MARKETS The opening system liquidity relatively improved today to -₦389.00 billion from -₦909.89 reported yesterday. Consequently, the Open Repo Rate (OPR) contracted by 227bps to 27.08%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 24 April 2024
FIXED INCOME MARKETS MONEY MARKETS The opening system liquidity declined slightly to -₦909.89 billion from -₦885.92 billion seen yesterday. Nonetheless, the Open Repo Rate (OPR) fell by 61bps to 29.35%, while the Overnight Rate (O/N) increased by 58bps…
FINANCIAL MARKETS TODAY – 23 April 2024
FIXED INCOME MARKETS MONEY MARKETS The opening system liquidity showed a relative improvement, moving from a deficit of ₦1,010.82 billion to a deficit of ₦885.92 billion. In terms of rates, the Open Repo Rate (OPR) saw a 7 bps increase, reaching 29.96%,…
FINANCIAL MARKETS TODAY – 22 April 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity plunged further into the negative region at -₦1,010.82 billion, from -₦903.91 billion reported last week Friday. Consequently, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased by 50…
FINANCIAL MARKETS WEEKLY – 19 APRIL 2024
FIXED INCOME MARKETS MONEY MARKETS This week, system liquidity experienced a significant decrease, mainly due to the debits from the FGN Bond auction, with minimal coupon inflows from the FGN 2037s bond towards the end of the week. Consequently, the…
FINANCIAL MARKETS TODAY – 18 April 2024
FIXED INCOME MARKETS MONEY MARKETS In the absence of any significant inflows, system liquidity opened negative at -₦1,136.83 billion, slightly higher than -₦1,292.21 billion recorded yesterday. Consequently, the Open Repo Rate (OPR) fell by 188 bps to…
FINANCIAL MARKETS TODAY – 17 April 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity plunged further into a deficit balance, reporting at -₦1,292.21 billion, from -₦637.75 billion reported yesterday. As a result, the Open Repo Rate (OPR) increased by 170 bps to 32.09%, while the…
