FINANCIAL MARKETS TODAY – 15 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity fell by 32.09% from ₦439.68 billion yesterday to ₦298.61 billion today. However, the Open Repo Rate contracted by 29bps to 14.50%, while the Overnight Rate fell by 35bps to 15.11%. Outlook: We…
FINANCIAL MARKETS TODAY – 14 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased further by 67.37% from ₦262.70 billion yesterday to ₦439.68 billion today. Hence, the Open Repo Rate contracted by 82bps to 14.79%, while the Overnight Rate fell by 83bps to 15.46%.…
AIICO MONEY MARKET FUND NEWSLETTER – January 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,…
FINANCIAL MARKETS TODAY – 13 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased by 19.51% from ₦219.82 billion yesterday to ₦262.70 billion today. Nevertheless, the Open Repo Rate increased by 23bps to 15.61%, while the Overnight Rate fell by 19bps to 16.29%.…
Monthly Financial Market Update – January 2024
Global Macroeconomic Review The recent global economic outlook by the International Monetary Fund (IMF) forecasted the global economic growth rate at 3.10% y/y for 2024, which was an upward revision from 2.90% estimated in October 2023. Also, the…
FINANCIAL MARKETS TODAY – 12 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased by 87.36% from ₦117.32 billion last week to ₦219.82 billion today. Thus, the Open Repo Rate declined by 12bps to 15.38%, and the Overnight Rate lost 90bps to 16.10%. Outlook: We expect…
AIICO BALANCED FUND NEWSLETTER – JANUARY 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 WEEKLY – 09 February 2024
FIXED INCOME MARKETS Money Markets System liquidity was supported by bilateral swap maturities during the week, despite NTB auction funding. For context, system liquidity increased from -₦307.65 billion to ₦117.33 billion at the close of this week.…
FINANCIAL MARKETS TODAY – 08 February 2024
FIXED INCOME MARKETS Money Market The NTB auction debit caused a significant decline in opening system liquidity, plunging to a deficit of ₦390.63 billion today, down from the positive opening balance of ₦126.66 billion yesterday. Thus, the Open Repo…
FINANCIAL MARKETS TODAY – 07 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased by 144.73% to ₦126.66 billion long today, buoyed by bilateral swap maturities. However, the Open Repo Rate increased by 308bps to 19.08%, and the Overnight Rate soared by 283bps to…
