FINANCIAL MARKETS WEEKLY – 28 MARCH 2025
Money Markets The interbank market experienced notable liquidity fluctuations throughout the week. Early on, liquidity remained negative despite FAAC inflows, FGN bond maturities (₦562bn), and coupon payments (₦38bn), keeping the Overnight Policy Rate…
FINANCIAL MARKETS TODAY – 27 March 2025
Money Market Interbank liquidity surged into positive territory today, boosted by FGN bond coupon payments (₦164 billion) and NTB maturities (₦1.18 trillion), outweighing the ₦808.73 billion NTB auction settlement. This drove a sharp decline in rates:…
FINANCIAL MARKETS TODAY – 26 March 2025
Money Market Interbank liquidity deteriorated further today as the FGN bond auction settlement drained c.₦271 billion from the system. This pushed rates higher, with the Overnight Policy Rate (OPR) rising 492bps to 32.42% and the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 25 March 2025
Money Market Interbank liquidity improved notably today as yesterday’s FAAC inflows eased—but did not eliminate—the market’s prolonged liquidity crunch. With reduced funding pressure, rates declined: the Overnight Policy Rate (OPR) dropped…
FINANCIAL MARKETS TODAY – 24 March 2025
Money Market Interbank liquidity saw some improvement today but stayed in negative territory, even with inflows from FAAC disbursements, FGN bond maturities (~₦562 billion), and coupon payments (~₦38 billion). Despite these inflows, the Overnight Policy…
FINANCIAL MARKETS WEEKLY – 21 MARCH 2025
Money Markets Interbank liquidity remained tight throughout the week, despite periodic inflows from FGN bond coupon payments. The market stayed in negative territory, keeping funding rates elevated. The week began with slight liquidity improvements, but…
FINANCIAL MARKETS TODAY – 20 March 2025
Money Market Interbank liquidity deteriorated further today, even with FGN coupon inflows of c.₦254.8 billion, as the NTB auction settlement drained liquidity from the system. This kept interbank rates elevated, with the Overnight Policy Rate (OPR) and…
FINANCIAL MARKETS TODAY – 19 March 2025
Money Market Interbank liquidity worsened today due to a lack of significant inflows, keeping rates elevated. The Overnight Policy Rate (OPR) and Overnight Rate (O/N) closed at 32.40% and 32.90%, respectively. Outlook: Given current liquidity levels and…
FINANCIAL MARKETS TODAY – 18 March 2025
Money Market Interbank liquidity deteriorated significantly today, even with inflows from FGN bond coupons, leading to a rise in interbank rates. The Overnight Policy Rate (OPR) climbed by 8 bps to 32.50%, while the Overnight Rate (O/N) increased by 5…
INFLATION WATCH – February 2025
Inflation Watch – Nigeria’s Inflation Rate Continues Downward Trend, Reaches 23.18% in February Nigeria’s headline inflation decreased to 23.18% in February 2025, continuing its downward trend for the second consecutive month following…
