FINANCIAL MARKETS TODAY – 15 February 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity fell to c.₦-176.6 billion compared to yesterday’s opening balance of c.₦ 566.5 billion, due to the FGN bond auction settlement. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate…
INFLATION WATCH – January 2023
Inflation still on the rise, no end in sight. Nigeria’s inflation for January 2023 nudged upward to 21.82% Y-o-Y (Est. +21.30%), an increase of c.0.48% from 21.34% Y-o-Y recorded in December 2022. In addition, the headline inflation grew at 1.87% M-o-M…
Monthly Financial Market Update – January 2023
Macroeconomic Review Nigeria’s inflation – About time for “law of gravity”? After the sustained increase in Nigeria’s inflation for the most part of 2022, Dec’2022 inflation turned out to be an outlier, as the National Bureau of Statistics reported…
FINANCIAL MARKETS TODAY – 14 February 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity improved to c.₦566.5 billion compared to yesterday’s opening balance of c.₦ 456.9 billion. However, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increased to 10.75% and 11.20%…
FINANCIAL MARKETS TODAY – 13 February 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased to c.₦456.9 billion compared to last week Friday’s opening balance of c.₦ 400.5 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) decreased to 10.50% and…
FINANCIAL MARKETS TODAY – 10 February 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity declined to c.₦400.5 billion compared to yesterday’s opening balance of c.₦ 459.3 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increased to 10.75% and 11.13%…
FINANCIAL MARKETS TODAY – 9 February 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity declined to c.₦459.3billion because of the NTB auction settlement, compared to yesterday’s opening balance of c.₦ 650.3 billion. Nonetheless, the Overnight Policy Rate (OPR) and the Overnight…
FINANCIAL MARKETS TODAY – 8 February 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased today to c.₦ 650.3 billion compared to yesterday’s c.₦ 472.3 billion. Nonetheless, the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) remained unchanged at 10.50% and at…
FINANCIAL MARKETS TODAY – 7 February 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased today to c.₦ 472.3 billion compared to yesterday’s c.₦ 280.1 billion. Nonetheless, the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) remained unchanged at 10.50% and at…
FINANCIAL MARKETS TODAY – 6 February 2023
FIXED INCOME MARKETS Money Markets Estimated opening system liquidity was c.₦300 billion long, in the absence of official figures by the CBN. Thus, the Overnight Policy Rate (OPR) remained unchanged at 10.50% from Friday while the Overnight Rate (O/N)…
