FINANCIAL MARKETS TODAY – 25 July 2022
FIXED INCOME MARKET Money Markets System liquidity opened ca ₦25.36 billion short, with the Overnight Policy Rate (OPR) and Overnight Rate (ON) staying unchanged at 14.83% and 15.00%, respectively. Treasury…
FINANCIAL MARKETS TODAY – 22 July 2022
FIXED INCOME MARKET Money Markets The Overnight Policy Rate (OPR) and Overnight Rate (ON) stayed elevated at 14.83% and 15.00% respectively, amid today’s Retail FX auction, with interbank system liquidity…
FINANCIAL MARKETS TODAY – 21 July 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened ca ₦188.63 billion short, slightly better than previous day’s opening negative balance of ca ₦282.46 billion. Thus, the Overnight Policy Rate…
FINANCIAL MARKETS TODAY – 20 July 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity tightened today, opening with a deficit balance of – ₦282.46 billion, lower than the previous day’s opening of ca ₦25.04 billion due…
MPC HIGHLIGHT – JULY 2022
Nigeria’s Monetary Policy Committee (MPC) increased its benchmark interest rate for a second successive meeting – the first time in more than a decade – to curb the accelerating inflation.…
FINANCIAL MARKETS TODAY – 19 July 2022
FIXED INCOME MARKET Money Markets System liquidity opened ca ₦25.04 billion long, significantly higher than the previous day’s opening balance of ca ₦1.69 billion short. Nonetheless, the Overnight Policy Rate…
FINANCIAL MARKETS TODAY – 18 July 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity remained in the negative territory, with an opening balance of ca -₦169.46 billion, slightly better than Friday’s opening balance of ca -₦276.90…
INFLATION WATCH – JUNE 2022
Headline Inflation in Nigeria increased to 18.60% in June 2022 Nigeria’s Consumer Price Index (CPI) for June 2022 printed higher at 18.60% Y-o-Y (Bloomberg median estimate +18.50%), an increase of…
FINANCIAL MARKETS TODAY – 15 July 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened ca ₦276.90 billion short, significantly lower than yesterday’s opening balance of ca ₦19.28 billion. However, the Overnight Policy Rate (OPR) decreased…
FINANCIAL MARKETS TODAY – 14 July 2022
FIXED INCOME MARKET Money Markets In the absence of official liquidity figures, Interbank system liquidity was estimated at c. ₦18bn long, after factoring the NTB auction settlement that took place…
