FINANCIAL MARKETS WEEKLY – 28 FEBRUARY 2025
Money Markets Interbank liquidity fluctuated throughout the week, starting in negative territory due to ongoing liquidity constraints, which kept rates elevated. However, liquidity improved significantly midweek following an OMO maturity inflow of…
Q4 2024 GDP Highlights
Nigeria’s Economic Growth Accelerates in Q4 2024 Amid Sectoral Shifts Nigeria’s economy grew by 3.84% YoY in Q4 2024, up from 3.46% in Q4 2023 and Q3 2024. For the full year, GDP expanded by 3.40%, the fastest in three years and an improvement from…
FINANCIAL MARKETS TODAY – 27 February 2025
Money Market Interbank liquidity saw some improvement today but stayed in negative territory. However, interbank rates rose, with the Overnight Policy Rate (OPR) increasing by 62 bps to 32.33% and the Overnight Rate (O/N) rising by 54 bps to 32.75%.…
FINANCIAL MARKETS TODAY – 26 February 2025
Money Market Interbank liquidity dropped sharply today after the FGN bond auction settlement of approximately ₦910.30 billion. As a result, interbank rates surged, with the Overnight Policy Rate (OPR) climbing by 1.71% to 31.71% and the Overnight Rate…
FINANCIAL MARKETS TODAY – 25 February 2025
Money Market Interbank liquidity improved sharply today, turning positive after the credit of c.₦813.25 billion OMO maturities. Consequently, interbank rates eased, with the Overnight Policy Rate (OPR) dropping by 2.40% to 30.00% and the Overnight Rate…
FINANCIAL MARKETS TODAY – 24 February 2025
Money Market Interbank liquidity showed slight improvement at the opening but remained in negative territory, even after the net credit from the NTB auction settlement. Consequently, interbank rates remained elevated, with the Overnight Policy Rate (OPR)…
FINANCIAL MARKETS WEEKLY – 21 FEBRUARY 2025
Money Markets Interbank liquidity remained negative throughout the week, reflecting persistent illiquidity in the financial system. Despite some marginal fluctuations, interbank rates stayed elevated, with the Overnight Policy Rate (OPR) and Overnight…
FINANCIAL MARKETS TODAY – 20 February 2025
Money Market Interbank liquidity showed slight improvement at the opening but remained in negative territory, even after the net credit from the NTB auction settlement. Consequently, interbank rates remained elevated, with the Overnight Policy Rate (OPR)…
MPC HIGHLIGHT – FEBRUARY 2025
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its first meeting for 2025 on February 19–20, 2025 and unanimously voted to retain all monetary policy parameters unchanged. This decision reflects a cautious approach amid…
FINANCIAL MARKETS TODAY – 19 February 2025
Money Market Interbank liquidity worsened further, sinking deeper into negative territory, highlighting the ongoing liquidity crunch in the financial system. As a result, interbank rates stayed high, with the Overnight Policy Rate (OPR) and the Overnight…
