FINANCIAL MARKETS TODAY – 02 July 2021

Liquidity in the banking system opened in a deficit of ca -₦36.09 billion today, lower than the previous day’s opening of ca ₦26.59 billion. As a result, the Open Buy Back (OBB) and Overnight (ON) rates trended slightly higher to settle at 12.00% and 12.50% from 11.50% and 12.00% respectively, the previous day.

FINANCIAL MARKETS TODAY – 01 July 2021

Liquidity in the banking system opened at ca ₦26.59 billion, lower than previous day’s opening of ca ₦201.25 billion. However, with no significant funding activity the Open Buy Back (OBB) and Overnight (ON) rates remained unchanged at 11.50% and 12.00%, respectively.