FINANCIAL MARKETS TODAY – 23 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity slipped into the negative territory (c.-₦280.23 billion, compared to yesterday’s opening balance of c.₦197.27billion long), following yesterday’s FGN bond auction settlement which caused most…
FINANCIAL MARKETS TODAY – 22 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity declined to c.₦197.27 billion, compared to yesterday’s opening balance of c.₦224.13billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increased to 18.38% and 18.75%…
INFLATION WATCH – February 2023
A slower pace for February’s Valentine Nigeria’s inflation for February 2023 rose to 21.91% Y-o-Y (Est. +21.80%), an increase of c.0.09% from 21.82% Y-o-Y recorded in January 2023. However, the headline inflation slipped to 1.71% M-o-M in February…
FINANCIAL MARKETS TODAY – 20 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity declined to ₦59.80billion, compared to last week Friday’s opening balance of ₦235.84 billion. However, the CBN, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) decreased to 12.25% and…
FINANCIAL MARKETS TODAY – 17 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity was estimated to be over ₦600 billion long, buoyed by retail FX refunds and FGN bond coupon payment. However, because of the retail FX SMIS that was conducted today by the CBN, the Overnight…
FINANCIAL MARKETS TODAY – 16 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity fell slightly to a balance of c.₦574.03 billion, compared to yesterday’s opening balance of c.₦588.39 billion. However, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) remained the same…
FINANCIAL MARKETS TODAY – 15 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased to a balance of c.₦588.39 billion, compared to yesterday’s opening balance of c.₦262.90 billion. However, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) remained the same at…
FINANCIAL MARKETS TODAY – 14 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased to a balance of c.₦262.90 billion, compared to yesterday’s opening balance of c.₦234.57 billion. However, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) settled higher at…
FINANCIAL MARKETS TODAY – 13 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity improved to a balance of c.₦234.57 billion, compared to Friday’s opening balance of c.₦197.26 billion. However, the Overnight Policy Rate (OPR) remained unchanged from Friday’s rate at 10.50%…
AIICO BALANCED FUND NEWSLETTER – February 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…
