FINANCIAL MARKETS TODAY – 27 August 2026
System Liquidity Liquidity moderated on settlement outflows from the prior day’s auctions, though a bond coupon and steady SDF participation cushioned the decline. Funding costs should stay moderated, though fresh pressure looms as OMO settlement…
FINANCIAL MARKETS TODAY – 26 August 2026
System Liquidity Liquidity remained in surplus, supported by coupon inflows on a maturing FGN bond and stronger DMB participation at the SDF window, with no recourse to the SLF. Funding rates held stable and should moderate further next session on…
FINANCIAL MARKETS TODAY – 24 August 2026
System Liquidity System liquidity opened the week in surplus, supported by coupon inflows and strong participation at the SDF window. Funding rates should moderate next session, supported by expected liquidity inflows. Treasury Bills The NTB market…
FINANCIAL MARKETS TODAY – 20 August 2026
System Liquidity System liquidity stayed in surplus despite a slight pullback, as funding costs eased on continued strong participation at the SDF window. Rates should stay anchored near current levels next session, supported by expected coupon inflows.…
FINANCIAL MARKETS TODAY – 19 August 2026
System Liquidity System liquidity tightened as funding pressures from the August FGN Bond PMA settlement drained the system, even as funding costs held steady. Rates should stay anchored near current levels next session as the bulk of the auction-related…
FINANCIAL MARKETS TODAY – 18 August 2026
System Liquidity System liquidity swung sharply into a wider surplus as a large OMO maturity inflow more than offset prior tightness, even as DMBs stayed active at the SDF window. Funding costs held steady as a result but are expected to face renewed…
FINANCIAL MARKETS TODAY – 17 August 2026
System Liquidity System liquidity opened the week in a narrower surplus as funding conditions eased, with average rates declining on the back of continued SDF participation. Liquidity is expected to improve further following the upcoming NGOMOB maturity.…
FINANCIAL MARKETS TODAY – 14 August 2026
System Liquidity System liquidity declined during the session as increased SDF placements more than offset coupon inflows. Despite the tighter liquidity conditions, the Overnight Rate remained unchanged, reflecting balanced money market conditions.…
FINANCIAL MARKETS TODAY – 12 August 2026
System Liquidity Liquidity eased 5.02% (₦341.79bn) to ₦6.47trn from ₦6.81trn, despite ₦330.65mn of coupon inflows and a 49.58% jump in SDF placements to ₦6.14trn. The Overnight Rate held at 22.10%, with NOFR and OPR unchanged at 22.00%. Treasury Bills…
FINANCIAL MARKETS TODAY – 11 August 2026
System Liquidity Liquidity rose 56.51% (₦2.46trn) to ₦6.81trn from ₦4.35trn, on a ₦2.48trn OMO maturity inflow and ₦4.11trn of DMB placements at the SDF window. The Overnight Rate still edged 1bp higher to 22.10%, with NOFR and OPR flat at 22.00%.…
