MPC HIGHLIGHT – JULY 2024
During today’s MPC meeting, the committee reaffirmed its hawkish approach to addressing inflation. The CBN governor conveyed confidence in the potential moderation of inflation in the near future, despite the…
FINANCIAL MARKETS TODAY – 22 July 2024
FIXED INCOME MARKETS Money Market Opening system liquidity improved today, driven by inflows from FAAC and FGN bond coupons. Accordingly, the Open Repo Rate (OPR) declined by 605 bps to…
FINANCIAL MARKETS WEEKLY – 19 JULY 2024
FIXED INCOME MARKETS Money Markets System liquidity remained negative throughout the week, as there were no significant inflows. Overall, the Open Repo Rate (OPR) and the Overnight Rate (O/N) fell…
FINANCIAL MARKETS TODAY – 18 July 2024
FIXED INCOME MARKETS Money Market Opening system liquidity remained in the negative. Although, some inflows from bond coupon relatively supported system liquidity. Thus, the Open Repo Rate (OPR) declined by…
FINANCIAL MARKETS TODAY – 17 July 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained negative. Thus, the Open Repo Rate (OPR) increased by 45 bps to 31.85%, while the Overnight Rate (O/N) increased by 30 bps…
FINANCIAL MARKETS TODAY – 16 July 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity opened with a negative balance. Nonetheless, the Open Repo Rate (OPR) decreased by 7 bps to 31.40%, while the Overnight Rate (O/N) lost…
FINANCIAL MARKETS TODAY – 15 July 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity stayed negative today. However, the Open Repo Rate (OPR) eased by 14 bps to 31.47%, while the Overnight Rate (O/N) decreased by…
INFLATION WATCH – JUNE 2024
Inflation Watch – The Upward Trend in Month-on-Month Inflation Resumes Nigeria’s headline inflation for June 2024 accelerated to 34.19% y/y from 33.95% y/y in May, according to data from the…
FINANCIAL MARKETS WEEKLY – 12 JULY 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity balance was in deficit throughout the week, despite a slight improvement from the previous week. Consequently, the Open Repo Rate (OPR) and the…
FINANCIAL MARKETS TODAY – 11 July 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity stayed short today. However, the Open Repo Rate (OPR) eased by 35 bps to 31.75%, while the Overnight Rate (O/N) decreased by…
