FINANCIAL MARKETS TODAY – 13 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity improved to a balance of c.₦234.57 billion, compared to Friday’s opening balance of c.₦197.26 billion. However, the Overnight Policy Rate (OPR) remained unchanged from Friday’s rate at 10.50%…
AIICO BALANCED FUND NEWSLETTER – February 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…
Monthly Financial Market Update – February 2023
Macroeconomic Review Nigeria’s GDP- The Silver Lining? The Africa’s largest economy posted a real gross domestic product of N21.04 trillion, depicting 3.52% growth for Q4 and 3.10% growth for 2022, as revealed by the National Bureau of Statistics.…
AIICO MONEY MARKET FUND NEWSLETTER – February 2023
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 in money market securities,…
FINANCIAL MARKETS TODAY-10 MARCH 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity declined to a balance of c.₦197.26 billion, compared to yesterday’s opening balance of c.₦233.84 billion. However, the Overnight Policy Rate (OPR) remained unchanged from yesterday’s rate at…
FINANCIAL MARKETS TODAY-09 MARCH 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity declined to a balance of c.₦233.84 billion, compared to yesterday’s opening balance of c.₦390.30 billion, due to the NTB primary market auction settlement that took place today. Nonetheless, the…
FINANCIAL MARKETS TODAY – 08 March 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity increased with a balance of c.₦390.30 billion, compared to yesterday’s opening balance of c.₦341.69 billion. Nonetheless, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increased to…
FINANCIAL MARKETS TODAY – 07 March 2023
FIXED INCOME MARKET Money Markets Opening system liquidity increased to a balance of c.₦341.69 billion, compared to yesterday’s opening balance of c.₦309.46 billion. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) decreased to…
FINANCIAL MARKETS TODAY-06 MARCH 2023
FIXED INCOME MARKETS Money Markets System liquidity opened lower today with a balance of c.₦309.46 billion (vs Friday’s opening balance of c.₦985.49 billion) due to the Retail FX SMIS and CRR debit that took place at the close of last week. Nonetheless,…
FINANCIAL MARKETS TODAY-03 MARCH 2023
FIXED INCOME MARKETS Money Markets Opening system liquidity moderately declined with a balance of c.₦985.49 billion long, compared to yesterday’s opening balance of c.₦1.017 trillion, due to Retail FX auction. Thus, the Overnight Policy Rate (OPR) and…
