Monthly Financial Market Update – February 2023
Macroeconomic Review Nigeria’s GDP- The Silver Lining? The Africa’s largest economy posted a real gross domestic product of N21.04 trillion, depicting 3.52% growth for Q4 and 3.10% growth for 2022, as revealed by the National Bureau of Statistics.…
AIICO MONEY MARKET FUND NEWSLETTER – February 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 TODAY-10 MARCH 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity declined to a balance of c.₦197.26 billion, compared to yesterday’s opening balance of c.₦233.84 billion. However, the Overnight Policy Rate (OPR) remained unchanged from yesterday’s rate at…
FINANCIAL MARKETS TODAY-09 MARCH 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity declined to a balance of c.₦233.84 billion, compared to yesterday’s opening balance of c.₦390.30 billion, due to the NTB primary market auction settlement that took place today. Nonetheless, the…
FINANCIAL MARKETS TODAY – 08 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased with a balance of c.₦390.30 billion, compared to yesterday’s opening balance of c.₦341.69 billion. Nonetheless, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increased to…
FINANCIAL MARKETS TODAY – 07 March 2023
FIXED INCOME MARKET Money Markets Opening system liquidity increased to a balance of c.₦341.69 billion, compared to yesterday’s opening balance of c.₦309.46 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) decreased to…
FINANCIAL MARKETS TODAY-06 MARCH 2023
FIXED INCOME MARKETS Money Markets System liquidity opened lower today with a balance of c.₦309.46 billion (vs Friday’s opening balance of c.₦985.49 billion) due to the Retail FX SMIS and CRR debit that took place at the close of last week. Nonetheless,…
FINANCIAL MARKETS TODAY-03 MARCH 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity moderately declined with a balance of c.₦985.49 billion long, compared to yesterday’s opening balance of c.₦1.017 trillion, due to Retail FX auction. Thus, the Overnight Policy Rate (OPR) and…
FINANCIAL MARKETS TODAY-02 March 2023
FIXED INCOME MARKETS Money Markets Given today’s FX refund, opening system liquidity improved further with a balance of c.₦992.68 billion long, compared to yesterday’s opening balance of c.₦1,017.09 billion. However, the Overnight Policy Rate (OPR)…
FINANCIAL MARKETS TODAY-01 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity improved further with a balance of c.₦992.68 billion long, compared to yesterday’s opening balance of c.₦829.97 billion. However, the Overnight Policy Rate (OPR) remained unchanged at 10.50%,…
