FINANCIAL MARKETS TODAY – 01 September 2021
System liquidity improved today, opening with a balance of ca ₦432.62 billion, higher than previous day’s opening of ca ₦237.91 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 4.50% and 5.00% from 6.00% and…
FINANCIAL MARKETS TODAY – 31 August 2021
System liquidity opened with a balance of ca ₦237.92 billion, as OMO maturities of ₦57.00 billion impacted the system. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 6.00% and 6.50% from 6.50% and 7.17%…
FINANCIAL MARKETS TODAY – 30 August 2021
Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 6.50% and 7.17% from 8.33% and 8.50% respectively on Friday, suggesting higher liquidity levels in the system today. The Central Bank of Nigeria (CBN) today, rolled over maturing…
FINANCIAL MARKETS TODAY – 27 August 2021
FIXED INCOME MARKET Money Markets Liquidity in the banking system eased slightly today, opening with a balance of ca ₦137.27 billion, lower than the previous day’s opening of ca ₦258.10 billion. Nevertheless, the Open Buy Back (OBB) and Overnight (ON)…
Nigeria’s GDP for Q2 2021 expanded by +5.01% year-on-year
Data released by the National Bureau of Statistics (NBS) show that the Nigerian economy expanded for the third consecutive quarter, growing at its fastest pace since Q4 2014. The Nation’s Gross Domestic Product (GDP) grew by 5.01% year-on-year in Q2…
FINANCIAL MARKETS TODAY – 26 August 2021
FIXED INCOME MARKET Money Markets Banking system liquidity improved today, opening with a balance of ca ₦258.10 billion, better than the previous day’s opening of ca – ₦80.92 billion. As a result, the Open Buy Back (OBB) and Overnight (ON) rates…
FINANCIAL MARKETS TODAY – 25 August 2021
FIXED INCOME MARKET Money Markets Liquidity in the banking system slipped into a deficit to open at ca – ₦80.92 billion today, lower than yesterday’s opening balance of ca ₦113.41 billion. However, with no significant funding activity, the Open Buy…
FINANCIAL MARKETS TODAY – 24 August 2021
FIXED INCOME MARKET Money Markets Banking system liquidity improved significantly, to open with ca ₦113.41 billion today, higher than yesterday’s opening balance of ca – ₦211.03 billion as the repayment of OMO maturities hit the system. Thus, the…
FINANCIAL MARKETS TODAY – 23 August 2021
FIXED INCOME MARKET Money Markets Liquidity in the banking system slipped further into a deficit to open at ca – ₦211.03 billion, lower than Friday’s opening of ca ₦- ₦72.32 billion. However, the Open Buy Back (OBB) and Overnight (ON) rates trended…
FINANCIAL MARKETS TODAY – 20 August 2021
FIXED INCOME MARKET Money Markets System liquidity declined today, opening in a deficit of ca – ₦72.32 billion, lower than previous day’s opening of ca ₦8.33 billion. As a result, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to…
