FINANCIAL MARKETS TODAY – 26 August 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened positive with a balance of ca ₦120.34 billion, significantly higher than yesterday’s opening balance of ca -₦223.57 billion. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 25 August 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened lower with a deficit balance of ca ₦223.57 billion due to the NTB auction settlement, compared to yesterday’s opening balance of ca ₦159.92 billion short. Nonetheless, the Overnight…
FINANCIAL MARKETS TODAY – 24 August 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened ca ₦159.92 billion short, lower than yesterday’s opening balance of ca-₦115.93 billion. Thus, the Overnight Policy Rate (OPR) trended higher to 15.00% from 14.50% recorded in the previous…
FINANCIAL MARKETS TODAY – 23 August 2022
FIXED INCOME MARKET Money Market Interbank system liquidity declined significantly today, opening with a balance of -₦115.93 billion, compared to yesterday’s opening balance of ca ₦28.86 billion. Nonetheless, the Overnight Policy Rate (OPR) and the…
FINANCIAL MARKETS TODAY – 22 August 2022
FIXED INCOME MARKET Money Market Interbank system liquidity improved today, opening ₦28.86 billion long, compared to Friday’s opening balance of ca-₦130.17 billion. Thus, the Overnight Policy Rate (OPR) dropped to 14.50% from 14.67% the previous day,…
FINANCIAL MARKETS TODAY – 19 August 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened ca ₦130.17 billion short, slightly better than yesterday’s opening balance of ca-₦144.04 billion. Thus, the Overnight Policy Rate (OPR) printed lower at 14.67% from 15.00% the previous…
FINANCIAL MARKETS TODAY – 18 August 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened with a negative balance of ca ₦144.04billion, not significantly different from yesterday’s opening balance. Thus, the Overnight Policy Rate (OPR) printed higher at 15.00% from 14.67% the…
FINANCIAL MARKETS TODAY – 17 August 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened significantly lower with a deficit balance of ca ₦150.49 billion due to the FGN bond auction settlement, compared to yesterday’s opening balance of ca ₦68.72 billion. Thus, the Overnight…
FINANCIAL MARKETS TODAY – 16 August 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened significantly higher today at ca ₦68.71 billion long, buoyed by OMO maturity of ca. ₦100 billion, compared to yesterday’s opening balance of ca ₦38.03 billion short. Nonetheless, the…
INFLATION WATCH – JULY 2022
Headline Inflation rose to 19.64% in July 2022 Nigeria’s Consumer Price Index (CPI) for the month of July 2022 accelerated to a near 17-year high of 19.64% Y-o-Y (Bloomberg median estimate +19.40%), an increase of c.1.04% from 18.60% Y-o-Y recorded in…
