FINANCIAL MARKETS TODAY – 17 March 2025
Money Market Interbank liquidity improved slightly today, bolstered by FGN bond coupons but stayed in negative territory, keeping rates elevated. The Overnight Policy Rate (OPR) increased by 2 bps to 32.42%, while the Overnight Rate (O/N) rose by 3 bps…
FINANCIAL MARKETS WEEKLY – 14 MARCH 2025
Money Markets Interbank liquidity remained in negative territory throughout the week, driven by CRR debits and subsequent liquidity constraints. Despite inflows for oil-producing states, market illiquidity persisted, keeping interbank rates elevated. The…
FINANCIAL MARKETS TODAY – 13 March 2025
Money Market Interbank liquidity deteriorated further today, plunging deeper into negative territory after the net NTB settlement of c.₦516.59 billion. Consequently, interbank rates remained high, with the Overnight Policy Rate (OPR) and Overnight Rate…
FINANCIAL MARKETS TODAY – 12 March 2025
Money Market Interbank liquidity worsened today, sinking deeper into negative territory. As a result, interbank rates edged higher, with the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increasing by 8 bps to 32.33% and 32.75%, respectively.…
FINANCIAL MARKETS TODAY – 11 March 2025
Money Market Interbank liquidity started lower today after pending CRR debits were settled. Despite inflows for oil-producing states, market illiquidity persisted, keeping rates elevated. The Overnight Policy Rate (OPR) climbed by 35 bps to 32.25%, while…
Monthly Financial Market Update – February 2025
Global Macroeconomic Review United States: The U.S. economy in early 2025 showed mixed signals. Manufacturing rebounded after 27 months, with the ISM Manufacturing PMI improving, while the ISM Services PMI dipped slightly but stayed in growth territory.…
FINANCIAL MARKETS TODAY – 10 March 2025
Money Market Interbank liquidity improved slightly today but remained in negative territory due to last Friday’s CRR activity. However, interbank rates edged higher, with the Overnight Policy Rate (OPR) rising by 4.82% to 31.90% and the Overnight Rate…
FINANCIAL MARKETS WEEKLY – 07 MARCH 2025
Money Markets Interbank liquidity remained positive throughout the week, supported by OMO maturities and FAAC inflows. As a result, interbank rates initially declined, with the Overnight Policy Rate (OPR) and Overnight Rate (O/N) dropping to 26.42% and…
FINANCIAL MARKETS TODAY – 06 March 2025
Money Market Interbank liquidity significantly improved today, but the market tightened following the CBN’s OMO auction. The CBN offered ₦600 billion across two long-dated papers, with subscriptions reaching ₦1.877 trillion and allotments totaling…
FINANCIAL MARKETS TODAY – 05 March 2025
Money Market Interbank liquidity saw a notable improvement and remained positive. However, the Overnight Policy Rate (OPR) rose by 8 bps to 26.50%, and the Overnight Rate (O/N) increased by 9 bps to 26.92%. Outlook: We expect interbank rates to remain…
