Monthly Financial Market Update – October 2022
Macroeconomic Review Nigeria’s CPI hits new 17-year High of 20.77% in September The Nigerian Bureau of Statistics (NBS) reported headline inflation for the month of September 2022 at 20.77%, the highest printed since September 2005. This represents an…
FINANCIAL MARKETS TODAY – 04 November 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened with a balance of ca ₦470.14 billion, compared to yesterday’s balance of ca ₦509.01 billion. Nonetheless, the Overnight Policy Rate (OPR) and Overnight (ON) rates held steady at 8.50% and…
AIICO BALANCED FUND NEWSLETTER – October 2022
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…
AIICO MONEY MARKET FUND NEWSLETTER – OCTOBER 2022
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 – 03 November 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened with a credit balance of ca ₦509.01 billion, a decline from yesterday’s balance of ca ₦560.08 billion. Nonetheless, with no significant funding, the Overnight Policy Rate (OPR) and…
FINANCIAL MARKETS TODAY – 02 November 2022
FIXED INCOME MARKET Money Market Interbank system liquidity stayed buoyant, to open with a credit balance of ca ₦560.08 billion higher than yesterday’s balance of ca ₦279.05 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended…
FINANCIAL MARKETS TODAY – 01 November 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened higher today with a balance of ca ₦279.05 billion (buoyed by OMO maturity of ₦20billion), compared to yesterday’s opening balance of ca ₦220.74 billion. Thus, the Overnight Policy Rate…
FINANCIAL MARKETS TODAY – 31 October 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened with a credit balance of ca ₦220.74 billion lower than Friday’s opening balance of ca ₦279.30 billion. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) trended lower to…
FINANCIAL MARKETS TODAY – 28 October 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened with a credit balance of ca ₦279.30 billion, up from yesterday’s opening balance of ca ₦114.81 billion. Nonetheless, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) trended…
FINANCIAL MARKETS TODAY – 27 October 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened the day with a credit balance of ca ₦114.81 billion compared to yesterday’s deficit balance of ₦146.42 billion as coupon inflows hit the system. Thus, the Overnight Policy Rate (OPR) and…
