AIICO BALANCED FUND NEWSLETTER – MAY 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 – 1 June 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened c.₦ 463.39billion long, significantly higher than yesterday’s opening figure of ₦135.87 billion. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rate declined to 6.33% and 7.00%…
FINANCIAL MARKETS TODAY – 31 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened higher today with a balance of ca ₦135.87billion (buoyed by OMO maturity of ₦60billion), representing a ₦ 60.63 billion increase from yesterday’s opening balance. Thus, the Overnight…
FINANCIAL MARKETS TODAY – 30 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity improved, opening with a balance of ca ₦75.24 billion, compared to ₦19.68 billion recorded at the close of the previous week. Thus, the Overnight Policy Rate (OPR) and Overnight (ON) rate…
FINANCIAL MARKETS TODAY – 27 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity improved slightly, opening with a balance of ca ₦19.68 billion, better than the previous day’s opening deficit balance of ca ₦74.85 billion. Thus, the Overnight Policy Rate (OPR) held steady at…
FINANCIAL MARKETS TODAY – 26 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened the day with a deficit balance of ca -₦74.85 billion, lower than yesterday’s opening balance of ca ₦48.18 billion, due to funding provision for the NTB auction debit. Thus, the Overnight…
FINANCIAL MARKETS TODAY – 25 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a credit balance of ca ₦48.18 billion, a slight improvement from yesterday’s opening balance of ca ₦40.67 billion. Nonetheless, the Overnight Policy Rate (OPR) and Overnight (ON)…
MPC HIGHLIGHT – MAY 2022
The Monetary Policy Committee (MPC) concluded its 2-day meeting today, and unexpectedly hiked the benchmark interest rate by 150bps to 13.00% (the first time since July 2016, from 12% to 14%), while leaving other key parameters constant. Please see…
Q1’2022 GDP Highlights
Nigeria Q1’2022 GDP grew by 3.11% Y-o-Y • The National Bureau of Statistics (NBS) published the Gross Domestic Product (GDP) figures for Q1:2022 today, revealing a 3.11% Y-o-Y growth in the economy. • Although the domestic growth rate slowed for the 3rd…
FINANCIAL MARKETS TODAY – 24 May 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity improved today (buoyed by OMO maturities worth ca ₦30 billion), opening with a credit balance of ca ₦40.67 billion, higher than yesterday’s deficit balance of ₦9.80 billion. Nonetheless, the…
