FINANCIAL MARKETS TODAY – 15 December 2025
System Liquidity System liquidity opened the week with a surplus of ₦2.59 trillion, reflecting a ₦135.2 billion moderation from the prior week due to reduced placements at the CBN’s SDF despite bond coupon inflows. Funding conditions remained stable,…
INFLATION WATCH – November 2025
Inflation Watch – Headline Inflation Moderates to 14.45%, Below FG 2025 Target For the eighth consecutive months, the Nigeria’s headline inflation sustained deceleration, easing to 14.45%y/y in November 2025, down from 16.05% in October, according to the…
MACRO ECONOMIC AND FINANCIAL MARKETS WEEKLY UPDATE – 12 DECEMBER 2025
Mixed Foreign Trade Performance as Imported Refined Oil Dip During the week, the National Bureau of Statistics published the Nigeria Foreign Trade data for Q3-2025. According to the data, the Nigeria balance of trade in Q3-2025 fell by 10.4%q/q but rose…
FINANCIAL MARKETS TODAY – 11 December 2025
System Liquidity Market liquidity opened with a ₦3.5 trillion surplus after a ₦521.3 billion moderation driven by reduced CBN SDF placements and net outflows from NTB settlements, while funding rates held around OPR 22.50% and O/N 22.79%. Treasury Bills…
FINANCIAL MARKETS TODAY – 10 December 2025
System Liquidity System liquidity moderated to ₦3.97 trillion as increased placements at the CBN’s SDF window tightened conditions slightly, pushing funding rates higher with OPR at 22.50% and O/N at 22.80%. Treasury Bills The NTB market held a calm…
FINANCIAL MARKETS TODAY – 9 December 2025
System Liquidity System liquidity improved to ₦4.3 trillion on the back of large OMO maturities, though funding rates inched up, with OPR at 22.50% and O/N at 22.76%. Treasury Bills The NTB market traded mixed-to-bearish, with significant sell pressure…
FINANCIAL MARKETS TODAY – 8 December 2025
System Liquidity System liquidity improved to ₦3.3 trillion due to higher DMB placements in the SDF window, while OPR and O/N rates held flat at 22.50% and 22.72%. Treasury Bills The NTB market traded bearish despite ample liquidity, with mid-to-long…
MACRO ECONOMIC AND FINANCIAL MARKETS WEEKLY UPDATE – 5 DECEMBER 2025
Service Sector Led Nigeria Q3’25 Economic Expansion During the week, the National Bureau of Statistics (NBS) published one of the major economic indication data, Gross Domestic Product (GDP) for the third quarter (Q3) of 2025. According to the report,…
FINANCIAL MARKETS TODAY – 4 December 2025
System Liquidity System liquidity improved sharply to ₦3.2 trillion, rising by ₦134.3 billion on the back of the ₦805.9 billion NTB maturity and increased SDF placements despite a ₦709.6 billion NTB PMA outflow, with funding rates holding steady as the…
FINANCIAL MARKETS TODAY – 3 December 2025
System Liquidity System liquidity improved to a ₦3.0 trillion surplus driven by higher SDF placements, resulting in easing funding rates with average rates down to 22.63% Treasury Bills The T-bills market traded quiet/neutral ahead of the NTB auction,…
