INFLATION WATCH – SEPTEMBER 2021
Nigeria’s Headline Inflation Figures: Trickles Further to 16.63% The annual inflation rate for September printed at 16.63% year-on-year (down 38bps from 17.01% recorded in August 2021), on the back of tempered food price growth and boost from a lower…
FINANCIAL MARKETS TODAY – 15 October 2021
The National Bureau of Statistics (NBS) confirmed in its monthly report, the nation’s sixth consecutive month of disinflation, with the Consumer Price Index (CPI), which measures inflation settling at 16.63% year-on-year in September 2021 vs 17.01%…
FINANCIAL MARKETS TODAY – 14 October 2021
Interbank system liquidity opened with a balance of ca ₦5.59 billion, lower than the previous day’s opening balance of ca ₦75.14 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 11.00% and 11.25% from 7.50% and…
FINANCIAL MARKETS TODAY – 13 October 2021
Interbank system liquidity opened with a balance of ca ₦75.14 billion, lower than the previous day’s opening balance of ca ₦190.61 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 7.50% and 8.00% from 5.00% and…
FINANCIAL MARKETS TODAY – 12 October 2021
Interbank system liquidity opened with a balance of ca ₦190.61 billion, higher than previous day’s opening balance of ca ₦91.98 billion as inflows of ca ₦110.00 billion from Open Market Operations (OMO) maturities impacted the system. Thus, the Open Buy…
FINANCIAL MARKETS TODAY – 11 October 2021
Interbank system liquidity opened with a balance of ca ₦91.98 billion, higher than Friday’s opening balance of ca ₦22.67 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended slightly lower to settle at 10.00% and 10.67% from 14.00% and…
AIICO MONEY MARKET FUND NEWSLETTER -SEPTEMBER 2021
and improving from previous month’s closing rate of 7.23% p.a. This comes as the fund's treasury bills and other short-term securities holdings returned higher yields, with the 364-day paper closing at 7.50% for the month. Weighted Average tenor of the…
FINANCIAL MARKETS TODAY – 08 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity opened with a credit balance of ca ₦22.67 billion, higher than yesterday’s deficit balance of ca ₦16.31 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates trended slightly…
AIICO BALANCED FUND NEWSLETTER – SEPTEMBER 2021
OVERVIEW AIICO Balanced Fund is an open-ended mutual fund, investing in Fixed income instruments, Money market instruments, and both Quoted and Unquoted equities. FUND PERFORMANCE The improved performance of the fund in September, can be closely tied to…
FINANCIAL MARKETS TODAY – 07 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity opened in a deficit of ca ₦16.31 billion, lower than yesterday’s opening balance of ca ₦101.54 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at…
