FINANCIAL MARKETS TODAY – 19 May 2025
System Liquidity Interbank liquidity remained ample with no major funding pressures. Consequently, the OPR and O/N rates held steady at 26.50% and 26.96%, respectively. Treasury Bills Activity was muted in NTBs, though long-dated OMO bills—especially the…
FINANCIAL MARKETS WEEKLY – 16 MAY 2025
System Liquidity System liquidity opened strong but tightened midweek due to CRR and FX settlements. Bond coupon inflows later boosted liquidity, pulling OPR and O/N rates down to 26.50% and 26.96%, respectively, by week’s end. Treasury Bills Market…
FINANCIAL MARKETS TODAY – 15 May 2025
System Liquidity Liquidity improved after ₦175bn FGN coupon and CBN inflows. OPR dropped 165bps to 26.85%, and O/N rate fell 202bps to 27.40%. Treasury Bills The market was mixed; 07-May NTB sold off, rising 5bps, while longer-dated OMO papers gained…
INFLATION WATCH – April 2025
Inflation Watch – Base Effect, Lower Food Costs Pull Nigeria’s Inflation Down to 23.71% Nigeria’s headline inflation rate fell to 23.71% in April 2025, down from 24.23% in March, according to the National Bureau of Statistics (NBS). This 0.52…
FINANCIAL MARKETS TODAY – 14 May 2025
System Liquidity Interbank liquidity tightened after CBN’s FX settlement, pushing OPR up 100bps to 28.50% and O/N rate up 92bps to 29.42%. Treasury Bills The market saw strong demand across the curve, especially in long-dated OMO bills like Aug 2025, Dec…
FINANCIAL MARKETS TODAY – 13 May 2025
System Liquidity Liquidity was stable with subdued funding flows. OPR rose 60bps to 27.50%, while O/N rate climbed 110bps to 28.50%. Treasury Bills Bullish demand focused on mid-to-long tenors, especially March and April maturities. However, wide…
FINANCIAL MARKETS TODAY – 12 May 2025
System Liquidity Despite strong liquidity, interbank rates rose as CBN debits and FX settlements pushed OPR to 26.90% and O/N rate to 27.45%. Treasury Bills T-Bills traded quietly with light demand at the long end; sparse offers limited activity. Market…
FINANCIAL MARKETS WEEKLY – 09 MAY 2025
System Liquidity Interbank liquidity remained robust despite ₦756.74 bn OMO settlement, ₦310.35 bn net NTB settlment and FX debits; ₦239.15 bn OMO maturities supported funding. OPR held at 26.50%; O/N climbed 12 bps w/w to 26.95%. Treasury Bills Bearish…
FINANCIAL MARKETS TODAY – 08 May 2025
System Liquidity Market interbank liquidity remained ample despite a ₦598.33 bn NTB settlement, comfortably sustaining rates near 26.5%. OPR held at 26.50%, while the Overnight Rate edged up 5 bps to 27.00%. Treasury Bills Following ₦598.33 bn NTB…
FINANCIAL MARKETS TODAY – 07 May 2025
System Liquidity Despite a ₦756.74bn OMO settlement, interbank liquidity remained firm. OPR eased 8bps to 26.50%, while O/N dipped 22bps to 26.95%, indicating improved system liquidity. Treasury Bills T-Bills trading was muted as focus shifted to the NTB…
