FINANCIAL MARKETS TODAY –20 November 2023
FIXED INCOME MARKETS Money Market System liquidity experienced a decline, slipping into negative territory as it opened at -₦136.14 billion, contrasting with the ₦79.46 billion recorded last Friday. Consequently, the Open Repo Rate (OPR) increased by…
FINANCIAL MARKETS TODAY –16 November 2023
FIXED INCOME MARKETS Money Market System liquidity improved to c.₦31.95 billion from the -₦97.59 billion recorded yesterday. Consequently, the Open Repo Rate (OPR) declined by 4bps to 22.21% and the Overnight Rate (O/N) lost 8bps to 22.92%. Outlook: We…
FINANCIAL MARKETS TODAY –15 November 2023
FIXED INCOME MARKETS Money Market System liquidity turned negative with a decline of 146.61%, dropping to -c.₦97.59 billion from the ₦209.36 billion positive recorded the previous day, primarily due to the FGN bond auction settlement. Consequently, the…
FINANCIAL MARKETS TODAY –14 November 2023
FIXED INCOME MARKETS Money Market Opening System liquidity declined by 8.64% to c.₦209.36 billion from ₦229.17 billion recorded yesterday. Consequently, the Open Repo Rate (OPR) fell by 9bps to 16.83%, while the Overnight Rate (O/N) increased by 2bps to…
FINANCIAL MARKETS TODAY –13 November 2023
FIXED INCOME MARKETS Money Market Opening System liquidity declined by 27.78% to c.₦229.17 billion from ₦317.32 billion recorded last Friday. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 34bps and 32bps to 16.92% and…
FINANCIAL MARKETS TODAY –09 November 2023
FIXED INCOME MARKETS Money Market Opening System liquidity declined by 43.52% to c.₦152.23 billion from ₦269.51 billion recorded yesterday. Thus, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 38bps and 21bps to 16.88% and 17.63%,…
FINANCIAL MARKETS TODAY –08 November 2023
FIXED INCOME MARKETS Money Market Opening System liquidity declined by 50.53% to c.₦269.51 billion from ₦544.82 billion recorded yesterday amid the recent round of CRR debit across commercial banks. Thus, the Open Repo Rate (OPR) and the Overnight Rate…
FINANCIAL MARKETS TODAY –07 November 2023
FIXED INCOME MARKETS Money Market Opening System liquidity increased by 20.65% to c.₦544.82 billion from ₦451.59 billion recorded yesterday. Nevertheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) expanded by 15bps and 60bps to 16.32% and…
FINANCIAL MARKETS TODAY –06 November 2023
FIXED INCOME MARKETS Money Market Opening System liquidity increased by 27.40% to c.₦451.59 billion from ₦354.46 billion recorded yesterday. Nevertheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) remained unchanged at 16.17% and 16.69%,…
FINANCIAL MARKETS TODAY –02 November 2023
FIXED INCOME MARKETS Money Market Opening System liquidity declined by 77.33% to c.₦51.04 billion from ₦225.13 billion recorded yesterday. Thus, the Open Repo Rate (OPR) and the Overnight Rate (O/N) expanded by 416ps and 347bps to 20.08% and 20.60%,…
