FINANCIAL MARKETS TODAY – 29 October 2021

Interbank system liquidity improved slightly, opening with a deficit balance of ca ₦14.49 billion, better than yesterday’s balance of ca ₦210.19 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) trended higher at 18.00% and 18.50% from 14.80% and 15.25% respectively, the previous day.

FINANCIAL MARKETS TODAY – 28 October 2021

Interbank system liquidity contracted further today, opening with a deficit balance of ca ₦210.19 billion lower than yesterday’s balance of ca ₦11.94 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) trended higher at 14.80% and 15.25% from 14.50% and 15.15% respectively, the previous day.

FINANCIAL MARKETS TODAY – 15 October 2021

The National Bureau of Statistics (NBS) confirmed in its monthly report, the nation’s sixth consecutive month of disinflation, with the Consumer Price Index (CPI), which measures inflation settling at 16.63% year-on-year in September 2021 vs 17.01% recorded in August 2021. This rise in consumer prices at 16.63% , higher than Bloomberg’s estimate of 16.50% is attributable to sustained decline in the prices of food items. The food sub-index declined for the sixth consecutive month, to 19.57% year-on-year from 20.30% year-on-year in August 2021, while the All items less farm produce sub-index rose to 13.74% year-on-year from 13.41% year-on-year in August 2021.