FINANCIAL MARKETS TODAY –16 January 2024
FIXED INCOME MARKETS Money Market Opening system liquidity fell short at -₦93.15 billion, from ₦229.82 billion recorded yesterday. However, the Open Repo Rate (OPR) and Overnight Rate (O/N) declined by 518bps to 16.40% and 450bps to 17.25%, respectively.…
FINANCIAL MARKETS TODAY –15 January 2024
FIXED INCOME MARKETS Money Market System liquidity opened relatively higher at ₦229.82 billion, increasing by 23.27% from ₦186.43 billion recorded last Friday. Although, the Open Repo Rate (OPR) and Overnight Rate (O/N) expanded by 500bps to 21.58% and…
INFLATION WATCH – DECEMBER 2023
Inflation Watch – Final Inflation print for 2023 remains elevated Nigeria’s headline inflation increased at 28.92% y/y in December, adding 0.72 percentage points from 28.20% y/y in November 2023, and beating 28.60% y/y Bloomberg estimate.…
FINANCIAL MARKETS WEEKLY – 12 January 2024
FIXED INCOME MARKETS Money Markets System liquidity opened the week at c. ₦812.76 billion. However, system liquidity fell by 78.39% week-on-week to ₦186.43 billion, compared to last week Friday, due to intermittent CRR debits and OMO auction funding.…
FINANCIAL MARKETS TODAY –11 January 2024
FIXED INCOME MARKETS Money Market System liquidity opened significantly lower than yesterday’s balance, and from ₦46.67 billion long to ₦709.36 billion short. Accordingly, the Open Repo Rate (OPR) and Overnight Rate (O/N) expanded by 770bps to 21.85% and…
FINANCIAL MARKETS TODAY –10 January 2024
FIXED INCOME MARKETS Money Market Opening system liquidity declined by 82.65% to ₦46.67 billion from yesterday’s ₦269.08 billion. Accordingly, the Open Repo Rate (OPR) and Overnight Rate (O/N) widened by 952bps to 14.15% and 840bps to 15.40%,…
FINANCIAL MARKETS TODAY –09 January 2024
FIXED INCOME MARKETS Money Market Opening system liquidity plummeted by 66.89% to ₦269.08 billion from yesterday’s ₦812.76 billion. Despite this decline, the Open Repo Rate (OPR) and Overnight Rate (O/N) both saw reductions, dropping by 242bps to…
FINANCIAL MARKETS TODAY –08 January 2024
FIXED INCOME MARKETS Money Market System liquidity remained robust at ₦812.76 billion compared to ₦812.76 billion recorded last Friday. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) plunged by 720bps and 640bps to 7.05%, and 8.50%,…
FINANCIAL MARKETS WEEKLY – 05 January 2024
FIXED INCOME MARKETS Money Markets System liquidity maintained a positive level all through the week and recorded +361.65% increase from ₦186.90 billion last week to ₦862.82 billion. As a result, the Open Repo Rate (OPR) and Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY –04 January 2024
FIXED INCOME MARKETS Money Market System liquidity declined by 44.18% to ₦132.79 billion compared to ₦237.90 billion recorded yesterday. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 175bps and 167bps to 13.71%, and 14.33%,…
