FINANCIAL MARKETS TODAY – 31 October 2024
Money Market System liquidity remained positive and improved despite today’s foreign exchange (FX) settlement. As a result, funding rates eased significantly. Specifically, the Overnight Policy Rate (OPR) decreased by 3.71% to 21.14%, while the…
FINANCIAL MARKETS TODAY – 30 October 2024
Money Market The financial system maintained relatively stable liquidity levels, leading to a reduction in funding rates due to the lack of significant funding pressure. Consequently, both the Overnight Policy Rate (OPR) and the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 29 October 2024
Money Market System liquidity remained strong, although it saw a slight decline. This stability was mainly supported by inflows from the maturity of OMO totaling ₦325 billion, which offset the settlement from the CBN’s FX intervention today. Overall,…
FINANCIAL MARKETS TODAY – 28 October 2024
Money Market System liquidity improved today, bolstered by inflows from the FGN Bond coupon amounting to ₦259.35 billion. However, rates are still hovering around 27% due to the settlement related to the CBN’s foreign exchange intervention.…
FINANCIAL MARKETS WEEKLY – 25 OCTOBER 2024
Money Markets System liquidity experienced a significant improvement, increasing by ₦1,021.27 billion, shifting from a debit position of ₦837.29 billion to a credit of ₦183.98 billion. This positive change was primarily driven by FAAC disbursements…
FINANCIAL MARKETS TODAY – 24 October 2024
Money Market System liquidity improved slightly as FAAC credits have begun to come in gradually. However, the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) increased by 1.28% and 1.30%, reaching 31.69% and 32.08%, respectively. Outlook: : We…
FINANCIAL MARKETS TODAY – 23 October 2024
Money Market System liquidity declined today due to the FGN bond auction debit. However, the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) fell by 1.95% and 1.83%, settling at 30.41% and 30.78%, respectively. Outlook: We anticipate that the…
FINANCIAL MARKETS TODAY – 22 October 2024
Money Market System liquidity showed a slight improvement but remained negative. Nonetheless, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increased by 11 bps, closing at 32.36% and 32.61%, respectively. Outlook: We anticipate that interbank…
FINANCIAL MARKETS WEEKLY – 18 OCTOBER 2024
Money Markets This week, the liquidity crunch in the financial market continued despite coupon inflows, significant remita inflows, and other large inflows aimed at offsetting foreign exchange settlements and remita outflows. Overall, the interbank rates…
FINANCIAL MARKETS TODAY – 17 October 2024
Money Market Opening system liquidity improved today, with fewer players exposed to CBN’s SLF window. As a result, funding rates experienced a slight decline. Specifically, the Open Repo Rate (OPR) decreased by 22 bps to 32.28%, while the Overnight…
