INFLATION WATCH – March 2023
Inflation Watch – Reflecting The Known Reality Nigeria’s inflation for March 2023 increased to 22.04% Y-o-Y (Est. +21.80%), an increase of c.0.13% from 21.91% Y-o-Y recorded in February 2023. Moreso, headline inflation printed higher at 1.86% M-o-M…
FINANCIAL MARKETS TODAY –17 April 2023
FIXED INCOME MARKETS Money Markets System liquidity remained depressed today, in the absence of any significant inflows. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) both remained unaltered at 18.63% and 19.00%, respectively. Outlook:…
FINANCIAL MARKETS TODAY-14 April 2023
FIXED INCOME MARKETS Money Markets System liquidity remained firmly in the negative territory, with estimated opening balance lower than c.-₦183.18 billion. However, the Overnight Policy Rate (OPR) decreased to 18.63% from18.67% that was recorded…
FINANCIAL MARKETS TODAY-13 April 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity declined today, printing a balance of c.-₦183.18 billion, compared to yesterday’s opening balance of c.-₦55.66 billion. Consequently, the Overnight Policy Rate (OPR) increased to 18.67%…
FINANCIAL MARKETS TODAY-12 April 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity improved relatively today, with a balance of c.-₦55.66 billion, compared to yesterday’s opening balance of c.-₦160.70 billion. However, the Overnight Policy Rate (OPR) remained unchanged at…
FINANCIAL MARKETS TODAY-11 April 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity was negative today, with a balance of c.-₦127.67billion, compared to last week Thursday’s opening balance of c.-₦160.70 billion. Thus, the Overnight Policy Rate (OPR) expanded by 13bps to…
Monthly Financial Market Update – March 2023
Macroeconomic Review Nigeria’s Inflation – Annual headline inflation nudged higher Nigeria’s annual inflation rate increased to 21.91% in February 2023, up from 21.82% the previous month and beyond market expectations of 21.85%. Food prices, the…
AIICO BALANCED FUND NEWSLETTER – March 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 TODAY-6 April 2023
FIXED INCOME MARKETS Money Markets System liquidity remained in its negative territory today, with an opening balance of c.-₦160.70billion, compared to yesterday’s opening negative balance of c.-₦81.08 billion. However, the Overnight Policy Rate (OPR)…
FINANCIAL MARKETS TODAY-5 April 2023
FIXED INCOME MARKETS Money Markets System liquidity remained in its negative territory today, with an opening balance of c.-₦81.08billion, compared to yesterday’s opening positive balance of c. -₦61.08 billion. Thus, the Overnight Policy Rate (OPR)…
