INFLATION WATCH – October 2023
Nigeria’s Headline Inflation Soared to 27.33%, amidst higher input costs and a weaker naira. In October, Nigeria’s year-on-year inflation rose to 27.33%, up from 26.72% in September 2023, contributing an additional 0.61 percentage points and…
AIICO BALANCED FUND NEWSLETTER – OCTOBER 2023
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 – 10 November 2023
FIXED INCOME MARKETS Money Markets System liquidity experienced a decrease this week due to Cash Reserve Ratio (CRR) and Nigerian Treasury Bills (NTB) auction debits. Liquidity declined by 10.48%, moving from ₦345.46 billion to ₦317.32 billion. As a…
Monthly Financial Market Update – October 2023
Global Macroeconomic Review In the latest World Economic Outlook, the International Monetary Fund (IMF) expects the global economy to grow at a slower pace due to the impact of the aggressive rate tightening by central banks. The IMF forecasted 3.00% in…
AIICO MONEY MARKET FUND NEWSLETTER – October 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,…
FINANCIAL MARKETS WEEKLY – 03 November 2023
FIXED INCOME MARKETS Money Markets System liquidity was impacted by CRR debit and OMO auction funding this week. Accordingly, liquidity declined by 58.26% from ₦894.18 billion to ₦354.46 billion this week. Nevertheless, the Open Repo Rate (OPR) and…
FINANCIAL MARKETS WEEKLY – 27 October 2023
FIXED INCOME MARKETS Money Markets System liquidity improved this week, due to bond coupon inflows and FAAC credits. Contextually, liquidity increased by 244.49% from ₦246.50 billion to ₦849.18 billion this week. Nevertheless, the Open Repo Rate (OPR)…
FINANCIAL MARKETS TODAY –03 October 2023
FIXED INCOME MARKETS Money Market Opening system liquidity significantly increased today from ₦405.20 billion last week Friday to ₦823.07 billion today. Unsurprisingly, the Open Repo Rate (OPR) and the Overnight Rate (O/N) contracted by 170bps and 195bps…
FINANCIAL MARKETS TODAY –26 September 2023
FIXED INCOME MARKETS Money Market Opening system liquidity weakened further by c. 26.28% from ₦47.72 billion yesterday to ₦35.18 billion today. Thus, the Open Repo Rate (OPR) soared by 500bps to 10.50%, while the Overnight Rate (O/N) expanded by 479bps…
FINANCIAL MARKETS TODAY –25 September 2023
FIXED INCOME MARKETS Money Market Opening system liquidity fell by c. 27.31% from ₦65.64 billion on Friday to ₦47.72 billion today. In response, the Open Repo Rate (OPR) widened by 292bps to 5.50%, while the Overnight Rate (O/N) expanded by 296bps to…
