FINANCIAL MARKETS WEEKLY – 29 December 2023
FIXED INCOME MARKETS Money Markets System liquidity stayed positive all through the week, although, liquidity declined by 69.46% from ₦611.98 billion last week to ₦186.90 billion. As a result, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased…
FINANCIAL MARKETS TODAY –28 December 2023
FIXED INCOME MARKETS Money Market System liquidity slipped by 44.68% to ₦338.53 billion compared to ₦611.98 billion recorded last week Friday. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 89bps and 106bps to 15.75%,…
FINANCIAL MARKETS TODAY –27 December 2023
FIXED INCOME MARKETS Money Market System liquidity slipped by 44.68% to ₦338.53 billion compared to ₦611.98 billion recorded last week Friday. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 89bps and 106bps to 15.75%,…
FINANCIAL MARKETS WEEKLY – 22 December 2023
FIXED INCOME MARKETS Money Markets The NTB and FGN bond auction debits during the week dampened system liquidity by c.-224.40% from ₦76.83 billion to -₦95.58 billion week-on-week. Consequently, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased…
FINANCIAL MARKETS TODAY –21 December 2023
FIXED INCOME MARKETS Money Market System liquidity opened much higher at ₦584.37 billion compared to ₦315.72 billion recorded yesterday. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) fell by 118bps and 150bps to 14.90%, and 15.60%,…
FINANCIAL MARKETS TODAY –20 December 2023
FIXED INCOME MARKETS Money Market System liquidity opened higher at ₦315.72 billion compared to -₦37.42 billion recorded yesterday. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) fell by 532bps and 550bps to 16.08%, and 17.10%,…
FINANCIAL MARKETS TODAY –19 December 2023
FIXED INCOME MARKETS Money Market System liquidity opened at -₦37.42 billion compared to -₦50.01 billion recorded yesterday. Although, interbank rates ticked up slightly, as the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 40bps and…
FINANCIAL MARKETS TODAY –18 December 2023
FIXED INCOME MARKETS Money Market Opening system stayed in the negative region today at -₦50.01 billion from -₦95.58 billion recorded last Friday. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) contracted by 125bps and 125bps to 21.00%,…
FINANCIAL MARKETS WEEKLY – 15 December 2023
FIXED INCOME MARKETS Money Markets The NTB and FGN bond auction debits during the week dampened system liquidity by c.-224.40% from ₦76.83 billion to -₦95.58 billion week-on-week. Consequently, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased…
INFLATION WATCH – November 2023
Nigeria’s Inflation: The Wave of Escalating Prices Linger Nigeria’s year-on-year inflation paced higher in November at 28.20%, adding 0.87 percentage points from 27.33% y/y in October 2023, and beating 27.90% y/y Bloomberg estimate. Likewise,…
