FINANCIAL MARKETS WEEKLY – 04 OCTOBER 2024
Money Markets System liquidity started with a credit balance of around ₦709 billion but dropped by over ₦1.4 trillion. This decrease was caused by various factors including CBN’s FX intervention…
FINANCIAL MARKETS TODAY – 03 October 2024
Money Market System liquidity opened significantly lower today, with most participants relying on the SLF window to fund their operations. Interbank rates closed higher due to the OMO auction conducted…
FINANCIAL MARKETS TODAY – 02 October 2024
Money Market System liquidity opened lower today compared to the previous day. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 94 bps and…
FINANCIAL MARKETS TODAY – 30 September 2024
Money Market Opening system liquidity remained buoyant to end the month. Thus, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 140 bps and 130 bps to…
FINANCIAL MARKETS WEEKLY – 27 SEPTEMBER 2024
Money Markets System liquidity improved significantly this week, mainly due to inflows from FAAC, FGN bond coupons, and the maturity of FGN Sukuk 2024. The major highlight for the week…
FINANCIAL MARKETS TODAY – 26 September 2024
Money Market Opening system liquidity improved today, supported by FGN Sukuk 2024 maturity. However, the interbank rates closed higher due to the OMO auction sale during the day. Specifically, the…
FINANCIAL MARKETS TODAY – 25 September 2024
Money Market Opening system liquidity declined today due to debits for the FGN bond auction. The interbank rates showed mixed numbers, with the Open Repo Rate (OPR) decreasing by 5…
FINANCIAL MARKETS TODAY – 24 September 2024
Money Market Opening system liquidity improved further today as more credits entered the system. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 18bps and 8bps…
MPC HIGHLIGHT – SEPTEMBER 2024
At today’s MPC meeting, the committee reaffirmed its hawkish stance by increasing the benchmark interest rate by 50 basis points to 27.25%. Despite the widely anticipated decision to maintain the…
FINANCIAL MARKETS TODAY – 23 September 2024
Money Market Opening system liquidity improved today due to FAAC credits, leading to significant declines in interbank rates. Specifically, the Open Repo Rate (OPR) decreased by 9.54% to 20.15%, and…
