FINANCIAL MARKETS TODAY – 6 September 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened significantly lower at c.₦ 66.07billion long, compared to c.₦ 112.41 billion reported the previous day. However, the Overnight Policy Rate (OPR) and Overnight Rate(O/N) trended lower to…
FINANCIAL MARKETS TODAY – 5 September 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened lower at c.₦112.41 billion, compared to last week Friday’s opening balance of c.₦392.48 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate(O/N) rose to 12.67% and…
AIICO MONEY MARKET FUND NEWSLETTER – AUGUST 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,…
AIICO BALANCED FUND NEWSLETTER – August 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…
FINANCIAL MARKETS TODAY – 2 September 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity improved to c.₦392.48 billion versus c.₦368.47 billion reported the previous day. However, the Overnight Policy Rate (OPR) and Overnight Rate(O/N) increased to 12.00% and 12.50% respectively…
FINANCIAL MARKETS TODAY – 1 September 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened lower with a balance of c.₦368.47 billion, compared to yesterday’s balance of c.₦ 759.02 billion. However, the Overnight Policy Rate (OPR) and Overnight Rate(O/N) declined to 7.00%…
FINANCIAL MARKETS TODAY – 31 August 2022
FIXED INCOME MARKET Money Market Opening interbank system liquidity improved significantly to c.₦759.02 billion, compared to yesterday’s opening balance of c.₦ 67.63 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight…
FINANCIAL MARKETS TODAY – 30 August 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened lower at c.₦67.63 billion long, compared to yesterday’s opening position of c.₦ 173.93 billion. Nonetheless, the Overnight Policy Rate (OPR) and Overnight Rate(O/N) declined…
FINANCIAL MARKETS TODAY – 29 August 2022
FIXED INCOME MARKET Money Market Interbank system liquidity improved today with an opening balance of c.₦173.93 billion, compared to c.₦120.34 billion recorded at last week’s close. Thus, the Overnight Policy Rate (OPR) and Overnight Rate(O/N)…
Q2’2022 GDP Highlights
Nigeria Q2’2022 GDP grew by 3.54% Y-o-Y •The National Bureau of Statistics (NBS) released the Gross Domestic Product (GDP) figures for Q2 2022, reporting a real economic growth of +3.54% Y-o-Y (Bloomberg’s estimate +2.90%). •This represents a…
