FINANCIAL MARKETS WEEKLY – 24 MAY 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained tight for most of the week but improved on Friday to ₦170.43 billion from the -₦622.46 billion recorded the previous week. However, the Open Repo Rate (OPR) increased by 244 basis points to…
FINANCIAL MARKETS WEEKLY – 17 MAY 2024
FIXED INCOME MARKETS MONEY MARKETS This week, system liquidity remained at negative levels and was further exacerbated by the FGN local bonds auction settlement of about ₦682.07 billion (Non-competitive allotment inclusive). By the end of the week, the…
FINANCIAL MARKETS WEEKLY – 10 MAY 2024
FIXED INCOME MARKETS MONEY MARKETS After a positive opening balance at the start of the week, the sale of ₦260.55 billion worth of OMO bills drained the system liquidity, resulting in a deficit balance. However, liquidity improved towards the end of the…
FINANCIAL MARKETS WEEKLY – 03 MAY 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity consistently increased this week to open at a positive balance of ₦19.61 billion today, from -₦606.76 billion reported last week Friday. Overall, the Open Repo Rate (OPR) declined by 400bps to 26.25%,…
FINANCIAL MARKETS WEEKLY – 26 APRIL 2024
FIXED INCOME MARKETS MONEY MARKETS Throughout the week, the overall liquidity in the system remained deficient due to an overallocation of treasury bills at the primary market. Notwithstanding, the liquidity balance received a slight boost towards the…
FINANCIAL MARKETS WEEKLY – 19 APRIL 2024
FIXED INCOME MARKETS MONEY MARKETS This week, system liquidity experienced a significant decrease, mainly due to the debits from the FGN Bond auction, with minimal coupon inflows from the FGN 2037s bond towards the end of the week. Consequently, the…
FINANCIAL MARKETS WEEKLY – 12 APRIL 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity fell by 80.59% week-on-week, from ₦347.14 billion last week, to ₦67.38 billion today. Consequently, the Open Repo Rate (OPR) increased by 756 bps to 29.67%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS WEEKLY – 05 APRIL 2024
FIXED INCOME MARKETS MONEY MARKETS At the beginning of the week, the liquidity in the system showed a positive trend, although it briefly turned into a deficit after a significant auction of OMO Bills during the week. The opening balance rose from ₦45.32…
FINANCIAL MARKETS WEEKLY – 28 March 2024
FIXED INCOME MARKETS MONEY MARKETS At the end of the week, system liquidity remained in positive territory, despite c.₦1.19 trillion deducted from the system for NTB auction settlement. To provide context, system liquidity opened at around ₦45.32 billion…
FINANCIAL MARKETS WEEKLY – 22 March 2024
FIXED INCOME MARKETS MONEY MARKETS At the beginning of the week, system liquidity stood at c.-₦351.51 billion. However, as the week progressed, it shifted to a positive position, thanks to inflows from SWAP maturities, CRR refunds, and FGN Bond coupons.…
