FINANCIAL MARKETS TODAY – 29 January 2026
System Liquidity System liquidity opened with a surplus balance of ₦560.22 billion, a significant decline of ₦4.07 trillion due mainly to OMO sales despite notable SDF placements and bond coupon inflows. Funding costs inched up slightly as the Overnight…
FINANCIAL MARKETS TODAY – 28 January 2026
System Liquidity System liquidity opened at ₦4.63 trillion, reflecting a decline of ₦1.49 trillion due to the settlement of ₦1.54 trillion in bond sales outweighing higher placements in the SDF window. Funding costs were stable, with the OPR at 22.50%…
FINANCIAL MARKETS TODAY – 21 January 2026
System Liquidity System liquidity swung into a sharp deficit of ₦973.9bn, driven mainly by sizable OMO sales and SLF borrowings, despite SDF placements and bond coupon inflows. As a result, funding conditions tightened, with average funding cost rising…
FINANCIAL MARKETS TODAY – 20 January 2026
System Liquidity System liquidity opened in a strong surplus of ₦3.77tn, buoyed by a sizeable OMO repayment despite CBN liquidity sterilisation via OMO and SDF. Funding conditions remained stable, with OPR and OVN rates flat at elevated levels. Treasury…
FINANCIAL MARKETS TODAY – 19 January 2026
System Liquidity System liquidity improved, opening with a surplus of ₦2.24 trillion, supported by higher DMB placements at the CBN’s SDF and primary market repayments. Despite ample liquidity, average funding costs edged higher as overnight rates spiked…
MACRO ECONOMIC AND FINANCIAL MARKETS WEEKLY UPDATE – 16 JANUARY 2026
NBS Readjust Base Year Methodology to Global Standard as Inflation Ease To 15.15% In Dec’25 This week, we took a look at a major economic data published by the National Bureau of Statistic (NBS)- the Nigeria Consumer Price Index (CPI), for the month of…
FINANCIAL MARKETS TODAY – 15 January 2026
System Liquidity System liquidity improved to ₦2.13tn, supported by strong SDF placements and primary market repayments. Funding costs rose, with the OPR unchanged at 22.50% and the OVN increasing to close at 22.78%. Treasury Bills The NTB market closed…
INFLATION WATCH – December 2025
Headline Inflation Moderates to 15.15%, Amid Readjustment to 12-Month Average Nigeria’s headline inflation eased to 15.15% y/y in December 2025, down from 17.33% in November, according to the rebased data published by the National Bureau of Statistics…
FINANCIAL MARKETS TODAY – 14 January 2026
System Liquidity Banking system liquidity moderated to ₦2.07tn, reflecting a decline from the prior session despite higher SDF placements. Funding conditions tightened slightly, with the OPR steady at 22.50% and OVN closing higher at 22.71%. Treasury…
FINANCIAL MARKETS TODAY – 13 January 2026
System Liquidity System liquidity improved sharply to ₦2.21tn, driven by sizeable OMO maturities inflows despite SLF borrowings. Funding costs edged higher, with the OPR closing at 22.50% and the OVN rate rising to 22.70%. Treasury Bills The NTB market…
