FINANCIAL MARKETS WEEKLY – 18 August 2023
FIXED INCOME MARKETS Money Markets After which system liquidity opened at ₦215.74 billion this week, the bond auction settlement mopped up system liquidity to ₦33.55 billion. However, liquidity improved to levels around ₦170 billion towards the end of…
FINANCIAL MARKETS WEEKLY – 11 August 2023
FIXED INCOME MARKETS Money Markets System liquidity clinged at closed range bands for most part the week but declined by 39.36% this week. Nevertheless, the Open Repo Rate (OPR) and Overnight Rate (O/N) declined by 383bps and 683bps to 2.00% and 2.80%,…
FINANCIAL MARKETS WEEKLY – 04 August 2023
FIXED INCOME MARKETS Money Markets System liquidity declined this week, significantly tied to CBN’s debits across banks who failed to meet the 65% minimum Loan to Deposit Ratio requirement. For context, system liquidity declined by 47.96% from ₦683.56…
FINANCIAL MARKETS WEEKLY – 28 July 2023
FIXED INCOME MARKETS Money Markets System liquidity was boosted by FAAC credit this week. System liquidity increased by more than 10.15x, from -₦74.69 billion recorded at close of last week to ₦683.56 billion long. Consequently, the Open Repo Rate (OPR)…
FINANCIAL MARKETS WEEKLY – 21 July 2023
FIXED INCOME MARKETS Money Markets System liquidity was drained by the FGN bond auction settlement this week. Opening system liquidity dipped by 116.96% to ₦74.69 billion short from ₦440.51 billion long recorded at close of last week. Consequently, the…
FINANCIAL MARKETS WEEKLY – 14 July 2023
FIXED INCOME MARKETS Money Markets System liquidity declined by 46.15% to ₦440.52 billion from ₦818.00 billion recorded at close of last week. Consequently, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased by 25bps and 33bps to 1.11% and…
FINANCIAL MARKETS WEEKLY – 07 July 2023
FIXED INCOME MARKETS Money Markets In the absence of any significant outflows, system liquidity remained positive this week. Liquidity declined by 28.85% to ₦818.00 billion from ₦1.15 trillion recorded at close of last week. However, the Open Repo Rate…
FINANCIAL MARKETS WEEKLY – 30 June 2023
FIXED INCOME MARKETS Money Markets System liquidity remained firmly positive this week, with FAAC inflows bolstering liquidity by 87.44% to ₦1.15 trillion from ₦613.33 billion recorded last week. Consequently, the Open Repo Rate (OPR) and Overnight Rate…
FINANCIAL MARKETS WEEKLY – 23 June 2023
FIXED INCOME MARKETS Money Markets System liquidity stayed elevated this week, even as additional inflows propped up liquidity. To quantify, system liquidity increased by 292.18% from ₦156.39 billion last week to ₦613.33 billion today. Consequently, the…
FINANCIAL MARKETS WEEKLY – 16 June 2023
FIXED INCOME MARKETS Money Markets Market liquidity sustained a positive balance over the week, amid the recent policy reforms by the new administration. To expatiate, the suspension of the CBN Governor, Mr Godwin Emefiele also signalled a momentary…
