FINANCIAL MARKETS TODAY –16 June 2023
FIXED INCOME MARKETS Money Markets Estimated opening system liquidity figure printed at ₦156.39 billion long. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) both remained unchanged at 11.60% and 12.10% respectively. Outlook: We expect…
FINANCIAL MARKETS TODAY –15 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity settled at ₦156.39 billion, from ₦168.47 billion recorded yesterday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) both declined by 10bps to 11.60% and 12.10% respectively.…
FINANCIAL MARKETS TODAY –14 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity settled at ₦168.47 billion, from ₦198.75 billion recorded yesterday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 20bps and 10bps to 11.70% and 12.20%…
FINANCIAL MARKETS TODAY –13 June 2023
FIXED INCOME MARKETS Money Markets In the absence of official data from the Central Bank of Nigeria (CBN), opening system liquidity figure was estimated to be in the positive territory. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY –09 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity settled at c.₦ 538.90 billion long, compared with yesterday’s opening balance of ₦765.13 billion. The Open Repo Rate (OPR) and the Overnight Rate (O/N) both increased by 20bps to 11.70% and…
FINANCIAL MARKETS TODAY –08 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity improved to c.₦765.13 billion long, compared with yesterday’s opening balance of ₦659.87 billion. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N) fell by 13bps and 10bps to…
FINANCIAL MARKETS TODAY –07 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity improved to c.₦659.87 billion long, compared with yesterday’s opening balance of ₦370.70 billion. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) remained unchanged at 11.63% and…
Monthly Financial Market Update – May 2023
Macroeconomic Review Nigeria’s Gross Domestic Product – Lower than expected growth numbers Nigeria’s Q1 2023 Gross Domestic Product (GDP) grew by 2.31% Y-o-Y, lower than the 2.85% estimate. Although, the growth rate was lower than 3.52% in Q4’2022 and…
FINANCIAL MARKETS TODAY –06 June 2023
FIXED INCOME MARKETS Money Markets Opening System liquidity improved to c.₦381.08 billion long, , compared with the opening balance of ₦200 billion long, recorded yesterday Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) remained…
FINANCIAL MARKETS TODAY –05 June 2023
FIXED INCOME MARKETS Money Markets In the absence of official figures, opening system liquidity was estimated to hover around c.₦200 billion long. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased to 11.63% and 12.00%…
