Culled—Proshare September 24, 2018/Zedcrest Capital ***Oil Prices At 4-year High after OPEC Rebuffs Trump*** KEY INDICATORS Indicator Value Commentary Inflation 11.23% As at September14, 2018,9bps up from 11.14% recorded in July 2018. MPR 14.00% Next MPC meeting scheduled for September 24 & 25, 2018 External Reserves $44.89bn As atSeptember 20, […]
Investors Bite
Buying Interest Pressures Rates Lower as Average Rate Declines 1.6% WoW
Culled—Proshare September 24, 2018/Afrinvest Research The bearish trend was reversed last week as demand returned to the secondary Treasury Bills (“T-Bills”) market on the back of persistent buoyant system liquidity and the reduction of OMO mop ups by the CBN. Thus, average rate across tenors contracted (1.6%) to close at […]
Overnight Rate Falls to 4.75% as Money Market Rate Decrease Last Week
Culled—Proshare September 24, 2018/Anchoria AM Research Money Market The money market rate decreased last week as the Overnight rate (OVN) and Open Buy Back (OBB) fell to 4.75% and 4.00% respectively. Consequently, the average money market rate decreased by 6.96% to settle at 4.38% due to increase in system liquidity […]
