FINANCIAL MARKETS TODAY – 15 August 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened ca ₦38.03billion short, lower than Friday’s opening balance of c.-₦3.65billion. Thus, with no significant inflows, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended higher…
FINANCIAL MARKETS TODAY – 12 August 2022
FIXED INCOME MARKET Money Market System liquidity opened significantly lower with a negative balance of c.₦3.65 billion, compared to yesterday’s opening balance of c.₦40.79 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended…
FINANCIAL MARKETS TODAY – 11 August 2022
FIXED INCOME MARKET Interbank system liquidity improved today, with an opening balance of ₦40.79 billion, higher than the previous day’s opening balance of ca ₦19.53 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to…
FINANCIAL MARKETS TODAY – 10 August 2022
FIXED INCOME MARKET Interbank system liquidity opened the day with a credit balance of ca ₦19.53 billion, higher than yesterday’s deficit of ca -₦81.86 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rates trended lower to settle at…
FINANCIAL MARKETS TODAY – 09 August 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened ca ₦81.86 billion short, lower than yesterday’s opening balance of ca-₦78.94 billion. Thus, the Overnight Policy Rate (OPR) trended higher to 14.83% from 14.75% recorded in the previous…
FINANCIAL MARKETS TODAY – 08 August 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity slipped into a deficit, with an opening balance of ca – ₦78.94 billion, lower than Friday’s balance of ca ₦74.93 billion. Thus, the Overnight Policy Rate (OPR) trended higher to 14.75%…
Monthly Financial Market Update – August 2022
Macroeconomic Review Nigerian Economy Grew Faster than expected in Q2 2022 while CPI Soared to a high of 19.64% in July Nigeria’s Real Gross Domestic Product (GDP) reportedly grew by 3.54% Y-o-Y in the second quarter of the year (beating the Bloomberg…
Monthly Financial Market Update – July 2022
Macroeconomic Review Heated Interest Rate Environment as Global Central Banks tackle Inflationary Pressures. The start of H2 2022 has seen no respite in global macroeconomic conditions, as the world economy reels from the effect of the pandemic and…
FINANCIAL MARKETS TODAY – 05 August 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened significantly higher today at ca ₦74.93 billion long buoyed by late retail FX refunds on Thursday, compared with yesterday’s negative opening balance of ca ₦19.59 billion. However, the…
FINANCIAL MARKETS TODAY – 04 August 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened ca ₦19.59 billion short, lower than yesterday’s opening balance of ca ₦56.50 billion. Thus, the Overnight Policy Rate (OPR) printed higher at 14.67% from 14.50% the previous day, while…
