FINANCIAL MARKETS TODAY – 06 February 2024
FIXED INCOME MARKETS Money Market System liquidity improved to a positive level as it opened at ₦51.76 billion long, compared with yesterday’s opening balance of -₦172.43 billion. Consequently, the Open Repo Rate declined by 610bps to 16.00%, and the…
FINANCIAL MARKETS TODAY – 05 February 2024
FIXED INCOME MARKETS Money Market System liquidity remained negative, opening at -₦172.43 billion, compared with Friday’s opening balance of -₦307.65 billion. Consequently, the Open Repo Rate increased by 190bps to 22.10%, and the Overnight Rate expanded…
FINANCIAL MARKETS WEEKLY – 02 February 2024
FIXED INCOME MARKETS Money Markets System liquidity was propelled by FAAC credit at the start of the week but drifted significantly lower into the negative zone throughout the week. The OMO and bond auction funding were the major events that dampened…
FINANCIAL MARKETS TODAY – 01 February 2024
FIXED INCOME MARKETS Money Market In the absence of material inflows, opening system liquidity was reported at -₦287.27 billion, compared with previous day’s opening figure of -₦320.25 billion. Nonetheless, the Open Repo Rate increased by 244bps to…
FINANCIAL MARKETS TODAY –31 January 2024
FIXED INCOME MARKETS Money Market Opening system liquidity slid further into the negative zone as it printed at -₦320.25 billion, compared with previous day’s opening figure of -₦22.08 billion. This was driven by the FGN bond auction funding. As a…
FINANCIAL MARKETS TODAY – 29 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity remained positive today. However, the Open Repo Rate and Overnight Rate increased by c.143 bps and c.80 bps to 23.00% and 23.94%, respectively. Outlook: We expect the interbank rates to maintain…
FINANCIAL MARKETS TODAY –30 January 2024
FIXED INCOME MARKETS Money Market Due to the settlement of the OMO auction that took place yesterday, system liquidity opened in a negative position today at -₦22.08 billion, compared with previous day’s opening figure of ₦482.16 billion. Nevertheless,…
FINANCIAL MARKETS TODAY –29 January 2024
FIXED INCOME MARKETS Money Market Opening system liquidity was buoyed by FAAC credit today, as it rose from ₦52.97 billion negative, to ₦482.16 billion positive. Consequently, the Open Repo Rate declined by 443bps to 13.15%, and the Overnight Rate lost…
FINANCIAL MARKETS WEEKLY – 26 January 2024
FIXED INCOME MARKETS Money Markets The market grappled with negative system liquidity over the course of the week. At the end of the week, opening system liquidity stood at -₦52.97 billion, from -₦527.96 billion estimated last week Friday. Although, the…
AIICO MONEY MARKET FUND NEWSLETTER – December 2023
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,…
