FINANCIAL MARKETS TODAY – 19 August 2021
ystem liquidity improved slightly today, opening with a balance of ca ₦8.33 billion, higher than previous day’s opening of ca -₦7.60 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 17.67% and 18.33% from…
FINANCIAL MARKETS TODAY – 18 August 2021
System liquidity declined today, opening with a deficit of ca ₦7.60 billion, lower than previous day’s opening of ca ₦21.78 billion. Consequently, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 17.50% and 17.75% from 17.00%…
FINANCIAL MARKETS TODAY – 17 August 2021
Nigeria’s headline inflation eased for the fourth consecutive month, settling at 17.38% year-on-year in July 2021 vs 17.75% recorded in June 2021. This comes on the back of persistent decrease in food prices, with the food sub index declining to ca…
INFLATION WATCH – JULY 2021
Nigeria’s Headline Inflation Figures: Sustained downward Trajectory Nigeria’s headline inflation fell for the fourth consecutive month, down 37bps Y-o-Y to 17.38% (from 17.75% in June’21). The inflation rate came in 12bps lower than the Bloomberg…
FINANCIAL MARKETS TODAY – 16 August 2021
System liquidity improved slightly today, opening with a balance of ca ₦14.05 billion, better than the Friday’s opening of ca ₦11.58 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 17.00% and 17.50% from…
FINANCIAL MARKETS TODAY – 13 August 2021
FIXED INCOME MARKETS Money Markets System liquidity improved today, opening with a balance of ca ₦11.58 billion, better than the previous day’s opening of ca -₦40.34 billion. Nonetheless, the Open Buy Back (OBB) rate gained ca 8bps day-on-day to settle…
FINANCIAL MARKETS TODAY – 12 August 2021
FIXED INCOME MARKET Money Markets System liquidity eased slightly today, nevertheless, opening with a deficit of ca -₦40.34 billion today, better than the previous day’s opening of ca -₦117.48 billion. Despite the funding needs ensuing from the NTB…
FINANCIAL MARKETS TODAY – 11 August 2021
FIXED INCOME MARKET Money Markets Liquidity in the banking system slipped into a deficit to open at ca -₦117.48 billion, significantly lower than the previous day’s opening of ca ₦133.77 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates…
FINANCIAL MARKETS TODAY – 10 August 2021
FIXED INCOME MARKET Money Markets Liquidity in the banking system improved today (buoyed by OMO maturities of ₦80bn), opening with a balance of ca ₦133.77 billion, higher than the previous day’s opening of ca ₦26.27 billion. Thus, the Open Buy Back (OBB)…
Monthly Financial Market Update – July 2021
Macroeconomic Review: External Reserves Rise as Oil Prices Remain on the Uptrend Global crude oil prices maintained an upward trajectory in July, with Brent crude gaining ca +1.60% M-o-M to trade at $76.33pb while West Texas Intermediate crude (WTI) also…
