FINANCIAL MARKETS TODAY – 20 March 2024
FIXED INCOME MARKETS MONEY MARKETS Opening liquidity system improved, shifting to a positive balance of c.₦97.44 billion compared to yesterday’s deficit of -₦125.87 billion. This improvement occurred despite the settlement of the FGN bond auction…
FINANCIAL MARKETS TODAY – 19 March 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity surged into positive territory, reaching c.₦125.87 billion from yesterday’s reported deficit of around -₦351.51 billion. Consequently, the Open Repo Rate witnessed a decrease of 247 bps,…
FINANCIAL MARKETS TODAY – 18 March 2024
FIXED INCOME MARKETS MONEY MARKETS The market saw continued negative system liquidity, although it showed some improvement compared to the previous Friday, owing to inflows from coupons providing some support to the financial system. Specifically,…
FINANCIAL MARKETS WEEKLY – 15 March 2024
FIXED INCOME MARKETS MONEY MARKETS This week, coupon inflows and FGN 2024 bond maturity impacted the financial system, as system liquidity improved to -₦791.69 billion from -₦2,221.81 billion recorded last Friday. Nonetheless, the Open Repo Rate (OPR)…
INFLATION WATCH – FEBRUARY 2024
Nigeria’s headline inflation for February crossed the psychological 30% mark at 31.70% y/y, from 29.90% y/y in January, adding 1.80% in one month period (Bloomberg’s estimate: 31.30%). Monthly headline inflation jumped to 3% levels at 3.12% m/m, from…
FINANCIAL MARKETS TODAY – 14 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained in the negative territory, but slightly better than yesterday, given the coupon inflows and 2024 FGN Bond maturity. Specifically, it opened at -c.₦675.98 billion today compared with…
FINANCIAL MARKETS TODAY – 13 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained in the negative territory, opening at -c.₦2,088.11 billion today compared with -c.₦2,269.58 billion recorded yesterday. Consequently, both the Open Repo Rate and Overnight Rate increased by…
FINANCIAL MARKETS TODAY – 12 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained in the negative territory, opening at -c.₦2,269.58 billion today compared with -c.₦2,292.06 billion recorded yesterday. Consequently, both the Open Repo Rate and Overnight Rate increased by…
Monthly Financial Market Update – February 2024
Global Macroeconomic Review The common conversation among major economies in February was geared towards interest rate cut and relatively steady consumer prices. However, economic performance have so far been mixed across the region. In the United…
FINANCIAL MARKETS TODAY – 11 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained in the negative territory, opening at -c.₦2,292.06 billion today compared with -c.₦2,221.81 billion recorded last Friday. Consequently, both the Open Repo Rate and Overnight Rate increased by…
