FINANCIAL MARKETS TODAY – 25 January 2023
FIXED INCOME MARKETS Money Markets The Interbank market remained buoyant, as system liquidity opened c.₦ 1.06 trillion, compared to yesterday’s opening balance of c.₦ 886.11 billion. Nevertheless, the Overnight Policy Rate (OPR) and Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 24 January 2023
FIXED INCOME MARKETS Money Markets System liquidity opened significantly higher at c.₦886.11 billion, bolstered by FAAC inflows, compared to yesterday’s opening balance of c.₦71.64 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate…
FINANCIAL MARKETS TODAY – 23 January 2023
FIXED INCOME MARKETS Money Markets System liquidity opened the week significantly lower at c.₦71.64 billion, compared to last week Friday’s opening balance of c.₦ 492.50 billion, due to CRR debits. Nevertheless, the Overnight Policy Rate (OPR) and…
FINANCIAL MARKETS TODAY – 20 January 2023
FIXED INCOME MARKETS Money Markets System liquidity closed the week with an opening balance at c.₦ 492.50 billion, compared to c.₦ 399.80 billion recorded the previous day. Nevertheless, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) rose to…
FINANCIAL MARKETS TODAY – 19 January 2023
FIXED INCOME MARKETS Money Markets System liquidity remained elevated today at c.₦399.80 billion vs c.₦384.54 billion recorded the previous day. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) remained unchanged at 9.50% and 9.83%…
INFLATION WATCH – December 2022
Headline Inflation rose to 21.34% in December 2022 Nigeria’s inflation for December 2022 slowed down to 21.34% Y-o-Y (Est. +21.80%), a decline of c.0.13% from 21.47% Y-o-Y recorded in November 2022. In addition, the headline inflation grew at 1.71% M-o-M…
FINANCIAL MARKETS TODAY – 18 January 2023
FIXED INCOME MARKETS Money Markets System liquidity remained buoyant today at c.₦384.58 billion vs c.₦371.23 billion recorded the previous day. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) remained unchanged at 9.50% and 9.83%…
FINANCIAL MARKETS TODAY – 17 January 2023
FIXED INCOME MARKETS Money Markets System liquidity improved slightly to a credit balance of c.₦ 371.23 billion compared to the previous day’s opening balance of c.₦ 258.06 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 16 January 2023
FIXED INCOME MARKETS Money Markets System liquidity opened the week lower at c.₦ 258.06 billion compared to the previous week’s opening balance of c.₦ 433.32 billion. Nevertheless, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) remained…
FINANCIAL MARKETS TODAY – 13 January 2023
FIXED INCOME MARKET Money Markets System liquidity declined slightly to a credit balance of c.₦433.32 billion compared to yesterday’s opening balance of c.₦500.39 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) closed…
