FINANCIAL MARKETS TODAY – 18 February 2025
Money Market Interbank liquidity deteriorated further, deepening into negative territory, which underscores the persistent illiquidity in the financial system. Nonetheless, interbank rates experienced a marginal decline, with the Overnight Policy Rate…
INFLATION WATCH – January 2025
Inflation Watch – Rebased CPI Drives Nigeria’s Inflation Down to 24.48% in January 2025 In January 2025, Nigeria’s headline inflation rate fell to 24.48% year-on-year (y/y), a notable decrease from the 34.80% recorded in December 2024. This…
FINANCIAL MARKETS TODAY – 17 February 2025
Money Market Interbank liquidity remained negative, reflecting ongoing illiquidity within the financial system. Consequently, interbank rates remained high. The Overnight Policy Rate (OPR) and the Overnight Rate (O/N) were recorded at 32.45% and 32.80%,…
FINANCIAL MARKETS WEEKLY – 14 FEBRUARY 2025
Money Markets The interbank market remained deeply negative throughout the week due to persistent illiquidity. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) hovered above 32.0%, reflecting the tight liquidity conditions. Midweek,…
FINANCIAL MARKETS TODAY – 13 February 2025
Money Market Interbank liquidity improved at the start of the day but remained in a deep deficit. Conditions worsened after the settlement of the OMO auction, which withdrew approximately ₦1.39 trillion from the system, keeping rates above 32.0%. By the…
FINANCIAL MARKETS TODAY – 12 February 2025
Money Market Interbank liquidity worsened further, sinking deeper into negative territory as the liquidity crunch intensified. Consequently, interbank rates stayed elevated, with the Overnight Policy Rate (OPR) at 32.38% and the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 11 February 2025
Money Market Interbank liquidity continued to be deeply negative due to ongoing market illiquidity. As a result, interbank rates remained high, with the Overnight Policy Rate (OPR) at 32.36% and the Overnight Rate (O/N) at 32.86%. Outlook: Given little…
FINANCIAL MARKETS TODAY – 10 February 2025
Money Market Interbank liquidity remained firmly negative as market illiquidity persisted. Consequently, interbank rates stayed elevated, with the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) at 32.29% and 32.65%, respectively. Outlook:…
FINANCIAL MARKETS WEEKLY – 07 FEBRUARY 2025
Money Markets The interbank market experienced heightened volatility this week, primarily driven by liquidity fluctuations. The week opened with a liquidity shortfall due to the ₦1 trillion OMO auction settlement and CRR deductions, pushing interbank…
FINANCIAL MARKETS TODAY – 06 February 2025
Money Market Interbank liquidity fell deeper into negative territory, even with the infusion of ₦285.37 billion from treasury bills redemption. As a result, interbank rates saw a significant increase. The Overnight Policy Rate (OPR) rose by 79 bps to…