FINANCIAL MARKETS TODAY – 10 February 2025
Money Market Interbank liquidity remained firmly negative as market illiquidity persisted. Consequently, interbank rates stayed elevated, with the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) at 32.29% and 32.65%, respectively. Outlook:…
FINANCIAL MARKETS WEEKLY – 07 FEBRUARY 2025
Money Markets The interbank market experienced heightened volatility this week, primarily driven by liquidity fluctuations. The week opened with a liquidity shortfall due to the ₦1 trillion OMO auction settlement and CRR deductions, pushing interbank…
FINANCIAL MARKETS TODAY – 06 February 2025
Money Market Interbank liquidity fell deeper into negative territory, even with the infusion of ₦285.37 billion from treasury bills redemption. As a result, interbank rates saw a significant increase. The Overnight Policy Rate (OPR) rose by 79 bps to…
Monthly Financial Market Update – January 2025
Global Macroeconomic Review United States: The U.S. economy entered 2025 with strong momentum, reflected in the surging U.S. dollar, robust labor market performance, and persistent inflation concerns. The dollar soared to a two-year high as the Federal…
FINANCIAL MARKETS TODAY – 05 February 2025
Money Market Interbank liquidity opened significantly lower today, plunging into negative territory, which led to a notable rise in interbank rates. The Overnight Policy Rate (OPR) increased by 3.50%, settling at 31.50%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 04 February 2025
Money Market Interbank liquidity opened significantly higher today, driven by increased inflows into the system. As a result, interbank rates eased notably. The Overnight Policy Rate (OPR) declined by 4.07% to settle at 28.00%, while the Overnight Rate…
FINANCIAL MARKETS TODAY – 03 February 2025
Money Market Today, opening interbank liquidity fell into negative territory, primarily due to the settlement of ₦1 trillion OMO auction allotment last Friday, along with some CRR deductions. This situation resulted in an increase in interbank rates. In…
FINANCIAL MARKETS WEEKLY – 31 JANUARY 2025
Money Markets Interbank liquidity saw mixed trends this week. Early improvements, driven by CRR credits, OMO maturities, and FAAC inflows, eased rates, with the Overnight Policy Rate (OPR) and Overnight Rate (O/N) dropping to 26.50% and 27.00%,…
FINANCIAL MARKETS TODAY – 30 January 2025
Money Market Interbank liquidity increased today due to the inflow of pending FAAC credits into the system. As a result, interbank rates decreased. Specifically, the Overnight Policy Rate (OPR) fell by 36 bps to 26.58%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 29 January 2025
Money Market Interbank liquidity decreased today due to the settlement of the FGN bond auction winnings, which totaled c.₦606 billion. As a result, interbank rates rose. Specifically, the Overnight Policy Rate (OPR) increased by 44 bps to 26.94%, while…
