FINANCIAL MARKETS TODAY –31 January 2024
FIXED INCOME MARKETS Money Market Opening system liquidity slid further into the negative zone as it printed at -₦320.25 billion, compared with previous day’s opening figure of -₦22.08 billion. This was driven by the FGN bond auction funding. As a…
FINANCIAL MARKETS TODAY – 29 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity remained positive today. However, the Open Repo Rate and Overnight Rate increased by c.143 bps and c.80 bps to 23.00% and 23.94%, respectively. Outlook: We expect the interbank rates to maintain…
FINANCIAL MARKETS TODAY –30 January 2024
FIXED INCOME MARKETS Money Market Due to the settlement of the OMO auction that took place yesterday, system liquidity opened in a negative position today at -₦22.08 billion, compared with previous day’s opening figure of ₦482.16 billion. Nevertheless,…
FINANCIAL MARKETS TODAY –29 January 2024
FIXED INCOME MARKETS Money Market Opening system liquidity was buoyed by FAAC credit today, as it rose from ₦52.97 billion negative, to ₦482.16 billion positive. Consequently, the Open Repo Rate declined by 443bps to 13.15%, and the Overnight Rate lost…
FINANCIAL MARKETS TODAY –25 January 2024
FIXED INCOME MARKETS Money Market Opening system liquidity stayed short at ₦234.71 billion short, from the previous day’s ₦29.82 billion deficit. Consequently, the Open Repo Rate increased by 184bps to 20.64%, and the Overnight Rate soared by 180bps to…
FINANCIAL MARKETS TODAY –24 January 2024
FIXED INCOME MARKETS Money Market Opening system liquidity retained its negative standing at ₦29.82 billion short, down from the previous day’s ₦338.34 billion deficit. Consequently, positive movements were observed in the rates, with the Open Repo Rate…
FINANCIAL MARKETS TODAY –23 January 2024
FIXED INCOME MARKETS Money Market System liquidity started the day with a shortfall of ₦338.34 billion, an increase from the previous day’s deficit of c.₦131.62 billion. Despite the heightened liquidity challenge, both the Open Repo Rate (OPR) and…
FINANCIAL MARKETS TODAY –22 January 2024
FIXED INCOME MARKETS Money Market Opening system liquidity stayed negative today at -₦131.62 billion, from -c.₦527.96 billion recorded last Friday. Nevertheless, the Open Repo Rate (OPR) and Overnight Rate (O/N) declined by 215bps to 19.95% and 225bps to…
FINANCIAL MARKETS TODAY –18 January 2024
FIXED INCOME MARKETS Money Market Opening system liquidity improved today to a positive balance at ₦44.52 billion long, compared with -c.₦24.78 billion recorded yesterday. Nevertheless, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased by 53bps…
FINANCIAL MARKETS TODAY –17 January 2024
FIXED INCOME MARKETS Money Market System liquidity slipped into the negative territory as it opened at -₦24.78 billion, compared with c.₦206.85 billion recorded yesterday. Consequently, the Open Repo Rate (OPR) and Overnight Rate (O/N) expanded by 227bps…
