FINANCIAL MARKETS TODAY – 18 September 2024
Money Market Coupon inflows from FGN bonds mainly drove the improvement in system liquidity today. Despite fewer DMBs exposed to the SLF window, the interbank rates increased. The Open Repo…
FINANCIAL MARKETS TODAY – 17 September 2024
Money Market System liquidity improved today, although it remained in the negative territory. Inflows from OMO maturities and FGN bond coupons drove the mild improvement. As a result, the Open…
INFLATION WATCH – August 2024
Inflation Watch – Headline Inflation declines further In August 2024, Nigeria’s headline inflation dropped to its lowest level in six months, increasing by 32.15% y/y, which matched the median estimates.…
FINANCIAL MARKETS WEEKLY – 13 SEPTEMBER 2024
FIXED INCOME MARKETS Money Markets System liquidity remained negative throughout the week, with most deposit money banks (DMBs) experiencing increasing exposure to the SLF window. As a result, the Open…
FINANCIAL MARKETS TODAY – 12 September 2024
FIXED INCOME MARKETS Money Market The liquidity status in the financial market further deteriorated, but the Open Repo Rate (OPR) and Overnight Rate (O/N) decreased by 23bps and 11bps to…
FINANCIAL MARKETS TODAY – 11 September 2024
FIXED INCOME MARKETS Money Market System liquidity worsened today. Thus, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased by 13bps and 11bps to 31.23% and 31.64%, respectively. Outlook:…
FINANCIAL MARKETS TODAY – 10 September 2024
FIXED INCOME MARKETS Money Market The Open Repo Rate (OPR) increased by 52 bps to 31.10%, and the Overnight Rate (O/N) rose by 48 bps to 31.53%. Outlook: We expect…
FINANCIAL MARKETS TODAY – 09 September 2024
FIXED INCOME MARKETS Money Market The Open Repo Rate (OPR) decreased by 67 bps to 30.58%, and the Overnight Rate (O/N) fell by 65 bps to 31.05%. Outlook: We expect…
FINANCIAL MARKETS WEEKLY – 06 SEPTEMBER 2024
FIXED INCOME MARKETS Money Markets System liquidity started the week positive but decreased during the week, following the OMO auction settlement worth ₦459.60 billion. As a result, the Open Repo…
FINANCIAL MARKETS TODAY – 05 September 2024
FIXED INCOME MARKETS Money Market The Open Repo Rate (OPR) increased by 271 bps to 31.10%, and the Overnight Rate (O/N) rose by 242 bps to 31.60%. Outlook: We expect…
