FINANCIAL MARKETS TODAY – 07 January 2025
Money Market System liquidity opened notably higher due to inflows from CRR refunds and OMO maturities (c.₦300 billion) today. To regulate the money supply, the CBN offered and sold a total of ₦500 billion in an OMO auction today. As a result, interbank…
FINANCIAL MARKETS TODAY – 06 January 2025
Money Market System liquidity opened lower but remained in positive territory. This decrease was due to the late CRR event that occurred last Friday. Nevertheless, in the absence of any major funding need, interbank rates dropped slightly. Specifically,…
FINANCIAL MARKETS WEEKLY – 03 JANUARY 2025
Money Markets This week, system liquidity experienced fluctuations. It began with significant inflows from Remita, which helped drive interbank rates lower, with the Overnight Policy Rate (OPR) falling to 26.50% and the Overnight Rate (O/N) decreasing to…
FINANCIAL MARKETS TODAY – 02 January 2025
Money Market System liquidity opened the year on a positive note, and in the absence of any major funding need, interbank rates remained relatively stable. Specifically, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) printed at 26.69% and…
