FINANCIAL MARKETS TODAY – 26 October 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened with a balance of ca -₦146.42 billion, slightly higher than yesterday’s negative opening balance of ca -₦213.21 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates…
FINANCIAL MARKETS TODAY – 25 October 2022
FIXED INCOME MARKET Money Market The Overnight Policy Rate (OPR) and Overnight (ON) rates trended slightly higher to settle at 16.34% and 16.51% from 16.33% and 16.50%, recorded the previous day, amid tight system liquidity. Treasury Bills Trading in the…
FINANCIAL MARKETS TODAY – 24 October 2022
FIXED INCOME MARKET Money Market The interbank rates remained elevated at double-digit levels as the Overnight Policy Rate (OPR) and Overnight Rate (O/N) held steady at 16.33% and 16.50%, respectively, reflecting the continued dearth of liquidity in the…
FINANCIAL MARKETS TODAY – 21 October 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened with a negative balance of -₦134.61 billion, relatively better than yesterday’s opening balance of ca – ₦261.87 billion. Overall, liquidity levels remained tight with the Overnight…
FINANCIAL MARKETS TODAY – 20 October 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened with a negative balance of ca – ₦261.87 billion, lower than yesterday’s balance of ca -₦238.06 billion. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) remained at…
FINANCIAL MARKETS TODAY – 19 October 2022
FIXED INCOME MARKET Money Market Interbank system liquidity slipped further into the deficit zone, with an opening balance of ca – ₦238.06 billion, significantly lower than yesterday’s balance of ca -₦128.20 billion. Consequently, the Overnight…
FINANCIAL MARKETS TODAY – 18 October 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened with a negative balance of ca-₦128.20billion, lower than yesterday’s opening balance of ca -₦110.34billion. Consequently, the Overnight Policy Rate (OPR) printed higher at 16.25% from…
INFLATION WATCH – SEPTEMBER 2022
Headline Inflation rose to 20.77% in September 2022 Nigeria’s Consumer Price Index (CPI) for the month of September 2022 accelerated to 20.77% Y-o-Y (vs Bloomberg median estimate +21.00%), an increase of c.0.25% from 20.52% Y-o-Y recorded in the month of…
FINANCIAL MARKETS TODAY – 17 October 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened negative with a balance of -₦110.34 billion, compared to Friday’s balance of ₦196.99 billion. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) remained at double-digit…
FINANCIAL MARKETS TODAY – 14 October 2022
FIXED INCOME MARKET Money Market Interbank system liquidity improved significantly with an opening balance of ca ₦196.99 billion, compared to yesterday’s balance of ₦74.51 billion. Thus, the Overnight Policy Rate (OPR) dipped by 8bps to settle at 16.17%…
