NIGERIA RAISES FRESH US$4.0BN THROUGH EUROBONDS – 22 September 2021
The Debt Management Office (DMO) concluded the book-building process for its triple-tranche Eurobonds offer, after two days of virtual meetings with investors across the world. Investors’ participation was quite remarkable with bids received from both…
FINANCIAL MARKETS TODAY – 21 September 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity waned today, opening with a deficit balance of ca -₦60.25 billion which is lower than the previous day’s opening balance of ca ₦35.67 billion. Thus, the Open Buy Back (OBB) and Overnight (ON)…
FINANCIAL MARKETS TODAY – 20 September 2021
FIXED INCOME MARKET Money Markets Banking system liquidity opened the first day of the week, with a balance of ca ₦35.67 billion lower than Friday’s opening of ca ₦316.19 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates trended…
CBN maintains Benchmark Rate at 11.50% – 17 September 2021
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its fifth monetary policy meeting of 2021 today, maintaining all key rates. Please see below, a summary of the committee’s decisions. - Retain MPR at…
FINANCIAL MARKETS TODAY – 17 September 2021
The Monetary Policy Committee (MPC) concluded its 2-day meeting today, retaining all key policy rates - The Monetary Policy Rate (MPR), Cash Reserve Ratio (CRR) and Liquidity ratio at 11.50%, 27.50% and 30.00% respectively, while maintaining an…
FINANCIAL MARKETS TODAY – 16 September 2021
Interbank system liquidity opened with a deficit of ca ₦102.18 billion today, worse than previous day’s opening balance of ca ₦64.56billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 7.00% and 7.75% from 13.00% and…
INFLATION WATCH – AUGUST 2021
Nigeria’s Headline Inflation Figures: Recovery Momentum The annual inflation rate in Nigeria eased for the fifth straight month, down to 17.01% in August 2021 (from 17.38%, the previous month), and matching Bloomberg consensus estimate of 17.00%. It is…
Re: FINANCIAL MARKETS TODAY – 15 September 2021
The National Bureau of Statistics (NBS) confirmed in its monthly report, the nation’s fifth consecutive month of disinflation, with the Consumer Price Index (CPI), which measures inflation settling at 17.01% year-on-year in August 2021 vs 17.38% recorded…
FINANCIAL MARKETS TODAY – 14 September 2021
Banking system liquidity opened with a deficit of ca ₦94.47 billion today, lower than previous day’s opening deficit of ca ₦15.07 billion, despite inflows from Open Market Operations (OMO) maturities of ca ₦38.00 billion. However, the Open Buy Back (OBB)…
FINANCIAL MARKETS TODAY – 13 September 2021
today, lower than Friday’s opening of ca ₦7.44 billion. However, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 14.50% and 14.75% from 14.00% and 14.50% respectively, the previous day.
