INFLATION WATCH – MAY 2024
Inflation Watch – Consumer Prices in Nigeria Bites Harder. In May, Nigeria’s headline inflation reached a new high at 33.95% year-on-year, up from 33.69% in April 2024 (Bloomberg’s estimate: 34.10%),…
FINANCIAL MARKETS WEEKLY – 14 JUNE 2024
FIXED INCOME MARKETS MONEY MARKETS Throughout the week, system liquidity remained negative, except for today, Friday. System liquidity opened at ₦132.75 billion, compared to -₦90.43 billion last week. The Open…
FINANCIAL MARKETS TODAY – 13 June 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained negative at -₦187.63 billion, an improvement from the -₦261.96 billion reported on Tuesday. Overall, the Open Repo Rate (OPR) rose by 61…
FINANCIAL MARKETS TODAY – 11 June 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained in deficit today at -₦261.96 billion, lower than the -₦212.99 billion reported yesterday. Nevertheless, the Open Repo Rate (OPR) declined by 35…
FINANCIAL MARKETS TODAY – 10 June 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity remained in deficit today at -₦212.99 billion, lower than the -₦90.43 billion reported last week Friday. As a result, the Open Repo Rate…
AIICO EUROBOND FUND NEWSLETTER – MAY 2024
OVERVIEW AIICO Eurobond Fund is an open-ended Dollar denominated mutual fund, strategically investing in high-quality Nigeria sovereign & non-sovereign Eurobonds and in investment-grade money market instruments. INVESTMENT OBJECTIVES The investment…
AIICO MONEY MARKET FUND NEWSLETTER – May 2024
OVERVIEW AIICO Money Market fund is an open-ended collective investment vehicles that pools investment monies from various individuals, Corporate organizations and High Net-worth Clients (HNC) for the purpose of investing…
AIICO BALANCED FUND NEWSLETTER – MAY 2024
OVERVIEW AIICO Balanced Fund is an open-ended mutual fund, investing in Fixed income instruments, Money market instruments and both Quoted and Unquoted equities. INVESTMENT OBJECTIVE The investment objective of the…
Monthly Financial Market Update – May 2024
Global Macroeconomic Review United States: May was ushered in with the third Federal Open Market Committee meeting for 2024 on April 30th and May 1st. At the meeting, the policymakers…
FINANCIAL MARKETS WEEKLY – 07 JUNE 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity alternated between surplus and deficit balances throughout the week. Overall, by the end of the week, system liquidity opened in a deficit at…
