FINANCIAL MARKETS WEEKLY – 27 October 2023
FIXED INCOME MARKETS Money Markets System liquidity improved this week, due to bond coupon inflows and FAAC credits. Contextually, liquidity increased by 244.49% from ₦246.50 billion to ₦849.18 billion this week. Nevertheless, the Open Repo Rate (OPR)…
FINANCIAL MARKETS WEEKLY – 20 October 2023
FIXED INCOME MARKETS Money Markets System liquidity fluctuated between ₦245 billion and ₦600 billion this week, supported by coupon inflows from the 2037 paper but decreased due to the bond auction settlement. As a result, liquidity dropped by 45.07%…
FINANCIAL MARKETS WEEKLY – 13 October 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity fell by 15.97% to ₦448.75 billion today, from ₦532.88 billion last week Friday. The Open Repo Rate (OPR) remained unchanged at 1.00%, while the Overnight Rate (O/N) rate fell by 3bps to 1.70%,…
FINANCIAL MARKETS WEEKLY – 06 October 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity settled at ₦532.88 billion today, despite the CRR debit that nearly dampened the FAAC-enhanced liquidity during the week. In percentage terms, liquidity increased by 31.51% from ₦405.20 billion…
FINANCIAL MARKETS WEEKLY – 29 September 2023
FIXED INCOME MARKETS Money Markets Throughout the week, system liquidity remained predominantly positive. Today, It was buoyed by the FAAC monthly credit injection, as opening system liquidity soared by 517.30% to ₦405.20 billion, climbing from ₦65.64…
FINANCIAL MARKETS WEEKLY – 22 September 2023
FIXED INCOME MARKETS Money Markets System liquidity staggered around the positive territory, due to support from coupon inflows. It improved to ₦65.64bn long from -₦317.53bn recorded last week Friday. Consequently, the Open Repo Rate (OPR) and Overnight…
FINANCIAL MARKETS WEEKLY – 15 September 2023
FIXED INCOME MARKETS Money Markets System liquidity stayed negative this week and worsened to -₦317.53bn today from -₦73.44 billion last week Friday. As a result, the Open Repo Rate (OPR) and Overnight Rate (O/N) expanded by 581bps and 567bps to 23.64%…
FINANCIAL MARKETS WEEKLY – 08 September 2023
FIXED INCOME MARKETS Money Markets System liquidity hovered around ₦200.00bn levels for a major part of this week. However, it opened negative today at ₦73.44 billion short, implying a 120.77% decline when compared to ₦353.59 last week Friday.…
FINANCIAL MARKETS WEEKLY – 01 September 2023
FIXED INCOME MARKETS Money Markets Inflows from FAAC credit boosted system liquidity by 226.00% from its negative territory last week Friday to ₦353.60 billion long. Consequently, the Open Repo Rate (OPR) and Overnight Rate (O/N) declined drastically…
FINANCIAL MARKETS WEEKLY – 25 August 2023
FIXED INCOME MARKETS Money Markets Given the drought in major inflows, opening system liquidity slid to a negative territory at ₦280.63 billion short, from ₦215.74 billion last week Friday. Consequently, the Open Repo Rate (OPR) and Overnight Rate (O/N)…
