FINANCIAL MARKETS TODAY – 31 July 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased further today. Nonetheless, the Open Repo Rate (OPR) increased by 4 bps to 25.43%, while the Overnight Rate (O/N) decreased by 2bps to 25.85%. Outlook: We expect interbank rates to…
FINANCIAL MARKETS TODAY – 30 July 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased today. Consequently, the Open Repo Rate (OPR) declined by 19 bps to 25.39%, while the Overnight Rate (O/N) decreased by 16 bps to 25.87%. Outlook: We expect interbank rates to hover at…
FINANCIAL MARKETS TODAY – 29 July 2024
FIXED INCOME MARKETS Money Market Opening system liquidity decreased today, compared to last Friday’s balance. Nonetheless, the Open Repo Rate (OPR) declined by 55 bps to 25.58%, while the Overnight Rate (O/N) decreased by 63 bps to 26.03%.…
FINANCIAL MARKETS WEEKLY – 26 JULY 2024
FIXED INCOME MARKETS Money Markets This week, system liquidity improved due to inflows from FAAC and Bond Coupon. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N) decreased by 526bps and 536bps to 26.13% and 26.66% respectively,…
FINANCIAL MARKETS TODAY – 25 July 2024
FIXED INCOME MARKETS Money Market Opening system improved further from yesterday’s balance. Consequently, the Open Repo Rate (OPR) declined by 843 bps to 26.45%, while the Overnight Rate (O/N) decreased by 845 bps to 27.08%. Outlook: We expect interbank…
FINANCIAL MARKETS TODAY – 24 July 2024
FIXED INCOME MARKETS Money Market Opening system improved to a positive balance today. Nonetheless, the Open Repo Rate (OPR) increased by 363 bps to 34.88%, while the Overnight Rate (O/N) increased by 362 bps to 35.53%. Outlook: We expect interbank rates…
FINANCIAL MARKETS TODAY – 23 July 2024
FIXED INCOME MARKETS Money Market Opening system fell to a negative balance today. Accordingly, the Open Repo Rate (OPR) increased by 591 bps to 31.25%, while the Overnight Rate (O/N) increased by 610 bps to 31.91%. Outlook: We expect interbank rates…
MPC HIGHLIGHT – JULY 2024
During today’s MPC meeting, the committee reaffirmed its hawkish approach to addressing inflation. The CBN governor conveyed confidence in the potential moderation of inflation in the near future, despite the recent upsurge. He attributed this…
FINANCIAL MARKETS TODAY – 22 July 2024
FIXED INCOME MARKETS Money Market Opening system liquidity improved today, driven by inflows from FAAC and FGN bond coupons. Accordingly, the Open Repo Rate (OPR) declined by 605 bps to 25.34%, while the Overnight Rate (O/N) decreased by 621 bps to…
FINANCIAL MARKETS WEEKLY – 19 JULY 2024
FIXED INCOME MARKETS Money Markets System liquidity remained negative throughout the week, as there were no significant inflows. Overall, the Open Repo Rate (OPR) and the Overnight Rate (O/N) fell by 22bps and 43bps to 31.39% and 32.02% respectively,…
