FINANCIAL MARKETS TODAY – 14 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained in the negative territory, but slightly better than yesterday, given the coupon inflows and 2024 FGN Bond maturity. Specifically, it opened at -c.₦675.98 billion today compared with…
FINANCIAL MARKETS TODAY – 13 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained in the negative territory, opening at -c.₦2,088.11 billion today compared with -c.₦2,269.58 billion recorded yesterday. Consequently, both the Open Repo Rate and Overnight Rate increased by…
FINANCIAL MARKETS TODAY – 12 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained in the negative territory, opening at -c.₦2,269.58 billion today compared with -c.₦2,292.06 billion recorded yesterday. Consequently, both the Open Repo Rate and Overnight Rate increased by…
FINANCIAL MARKETS TODAY – 11 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained in the negative territory, opening at -c.₦2,292.06 billion today compared with -c.₦2,221.81 billion recorded last Friday. Consequently, both the Open Repo Rate and Overnight Rate increased by…
FINANCIAL MARKETS TODAY – 07 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity took a significant downturn, dropping from a deficit of c.₦1,497.87 billion yesterday to around c.₦2,520.36 billion today. Consequently, both the Open Repo Rate and Overnight Rate increased by c.58 bps…
FINANCIAL MARKETS TODAY – 06 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity decreased significantly, shifting from a deficit of c.₦612.03 billion yesterday to around ₦1,497.87 billion today. As a result, both the Open Repo Rate and Overnight Rate saw increases, rising by…
FINANCIAL MARKETS TODAY – 05 March 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity maintained a deficit balance today at c.-₦612.03 billion, from -₦1,593.09 billion recorded yesterday. Consequently, the Open Repo Rate and Overnight Rate increased by c.133 bps and c.155 bps to…
FINANCIAL MARKETS TODAY – 04 March 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity plunged further into the negative territory, following the c.₦1.06 trillion OMO bills allotment at last week’s close. To provide context, system liquidity opened at -₦1,593.09 billion, from…
FINANCIAL MARKETS TODAY – 29 February 2024
FIXED INCOME MARKETS MONEY MARKETS 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 – 28 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity augmented to a positive level today at ₦136.16 billion from -₦549.57 billion recorded yesterday, bolstered by FAAC inflows. Consequently, the Open Repo Rate and Overnight Rate contracted by c.389…
