AIICO MONEY MARKET FUND NEWSLETTER – June 2023
OVERVIEW AIICO Money Market fund is an open-ended collective investment vehicle that pools investment monies from various individuals, Corporate organizations, and High Net-worth Clients (HNC) for the purpose of investing in money market securities,…
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 TODAY –13 July 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity settled at ₦600.47 million long, compared with ₦849.86 million recorded yesterday. Consequently, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased by 100bps and 142bps to 1.00% and…
FINANCIAL MARKETS TODAY –12 July 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity settled at ₦849.86 million long, compared with ₦828.40 million recorded yesterday. Thus, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased by 7bps and 8bps to 0.93% and 1.33%,…
FINANCIAL MARKETS TODAY –11 July 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity settled at ₦828.40 million long, compared with ₦822.74 million recorded yesterday. Thus, the Open Repo Rate (OPR) and Overnight Rate (O/N) slipped by 7bps and 8bps to 0.86% and 1.25%,…
Monthly Financial Market Update – June 2023
Global Macroeconomic Review In the early period of June, the World Bank revised global GDP growth rate for 2023 from 1.7% predicted in January, to 2.10%. The World Bank expects the greater-than-expected resilience felt in the economy to dissolve out…
FINANCIAL MARKETS TODAY –10 July 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity settled at ₦822.74 million long, compared with ₦818.00 million recorded last Friday. Thus, the Open Repo Rate (OPR) and Overnight Rate (O/N) declined by 7bps and 8bps to 0.93% and 1.33%,…
AIICO BALANCED FUND NEWSLETTER – June 2023
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 Fund is to create medium to long term…
FINANCIAL MARKETS TODAY –07 July 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity today decreased to ₦818.00 million long, compared with ₦896.33 million recorded yesterday. However, the Open Repo Rate (OPR) and Overnight Rate (O/N) decreased by 7bps and 4bps to 0.86% 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…
