FINANCIAL MARKETS WEEKLY – 15 March 2024
FIXED INCOME MARKETS MONEY MARKETS This week, coupon inflows and FGN 2024 bond maturity impacted the financial system, as system liquidity improved to -₦791.69 billion from -₦2,221.81 billion recorded last Friday. Nonetheless, the Open Repo Rate (OPR)…
FINANCIAL MARKETS WEEKLY – 08 March 2024
FIXED INCOME MARKETS Money Markets System liquidity stayed in the negative this week. Despite the absence of significant inflows, the robust NTB auction funding worsened the liquidity situation to close at -₦2,221.81 billion from -₦93.57 billion recorded…
FINANCIAL MARKETS WEEKLY – 01 March 2024
FIXED INCOME MARKETS Money Markets For the most part of the week, system liquidity reported a deficit balance, with today’s balance at -₦93.57 billion from -₦964.76 billion recorded last Friday. This was despite inflows from FAAC credit. Hence, the Open…
FINANCIAL MARKETS WEEKLY – 23 February 2024
FIXED INCOME MARKETS Money Markets After a positive open at the start of the week, system liquidity deteriorated significantly due to the substantial debits from the settlement of the NTB and FGN bond auction winnings. Specifically, opening system…
FINANCIAL MARKETS WEEKLY – 16 February 2024
FIXED INCOME MARKETS Money Markets System liquidity remained positive throughout the week, albeit experiencing a decrease at week’s end, dropping by 34.22% to ₦77.17 billion compared to ₦117.33 billion the previous week. The Open Repo Rate (OPR)…
FINANCIAL MARKETS WEEKLY – 09 February 2024
FIXED INCOME MARKETS Money Markets System liquidity was supported by bilateral swap maturities during the week, despite NTB auction funding. For context, system liquidity increased from -₦307.65 billion to ₦117.33 billion at the close of this week.…
FINANCIAL MARKETS WEEKLY – 02 February 2024
FIXED INCOME MARKETS Money Markets System liquidity was propelled by FAAC credit at the start of the week but drifted significantly lower into the negative zone throughout the week. The OMO and bond auction funding were the major events that dampened…
FINANCIAL MARKETS WEEKLY – 26 January 2024
FIXED INCOME MARKETS Money Markets The market grappled with negative system liquidity over the course of the week. At the end of the week, opening system liquidity stood at -₦52.97 billion, from -₦527.96 billion estimated last week Friday. Although, the…
FINANCIAL MARKETS WEEKLY – 19 January 2024
FIXED INCOME MARKETS Money Markets This week, system liquidity declined, primarily attributed to OMO bills auction debit. Liquidity dropped from c.₦186.43 billion last Friday to -₦527.96 billion today. As a result, the Open Repo Rate (OPR) and Overnight…
FINANCIAL MARKETS WEEKLY – 12 January 2024
FIXED INCOME MARKETS Money Markets System liquidity opened the week at c. ₦812.76 billion. However, system liquidity fell by 78.39% week-on-week to ₦186.43 billion, compared to last week Friday, due to intermittent CRR debits and OMO auction funding.…
