FINANCIAL MARKETS TODAY – 16 April 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity stayed in the negative territory at -₦637.75 billion, from -₦537.25 billion reported yesterday. Overall, the Open Repo Rate (OPR) increased by 89 bps to 30.39%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 15 April 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity fell short at -₦537.25 billion, from ₦67.39 billion seen last week Friday. Overall, the Open Repo Rate (OPR) fell by 17 bps to 29.50%, while the Overnight Rate (O/N) increased by 31 bps, to…
INFLATION WATCH – MARCH 2024
In March, Nigeria’s headline inflation surged to 33.20% y/y, marking an increase of 1.50% from February’s figure of 31.70% y/y (compared to Bloomberg’s estimated 32.90%). However, monthly headline inflation slightly decreased to 3.02% m/m in…
FINANCIAL MARKETS WEEKLY – 12 APRIL 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity fell by 80.59% week-on-week, from ₦347.14 billion last week, to ₦67.38 billion today. Consequently, the Open Repo Rate (OPR) increased by 756 bps to 29.67%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 08 April 2024
FIXED INCOME MARKETS MONEY MARKETS Today, the opening system liquidity experienced a decline, dropping to -₦48.40 billion compared to the ₦347.05 billion reported last Friday. As a result, both the Open Repo Rate and the Overnight Rates declined by 386…
AIICO BALANCED FUND NEWSLETTER – MARCH 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…
AIICO MONEY MARKET FUND NEWSLETTER – March 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,…
Monthly Financial Market Update – March 2024
Global Macroeconomic Review United States: In February, consumer prices in the United States surpassed expectations, rising to 3.20% year-on-year (Est. 3.10%) from 3.10% in January 2024. Core CPI, which excludes food and energy prices, increased by 0.40%…
FINANCIAL MARKETS WEEKLY – 05 APRIL 2024
FIXED INCOME MARKETS MONEY MARKETS At the beginning of the week, the liquidity in the system showed a positive trend, although it briefly turned into a deficit after a significant auction of OMO Bills during the week. The opening balance rose from ₦45.32…
FINANCIAL MARKETS TODAY – 04 April 2024
FIXED INCOME MARKETS MONEY MARKETS Following the settlement of the OMO auction, system liquidity experienced a shortfall, leading to a decrease of 206.44% to -₦599.05 billion from ₦562.79 billion recorded the previous day. However, both the Open Repo…
