FINANCIAL MARKETS TODAY – 12 January 2026
System Liquidity System liquidity opened at ₦1.47tn, supported by primary market inflows despite lower SDF placements. Funding conditions eased, with the OPR closing at 22.50% and the OVN rate declining to 22.68%. Treasury Bills The NTB market traded…
MACRO ECONOMIC AND FINANCIAL MARKETS WEEKLY UPDATE – 9 JANUARY 2026
Base-Year Effect Festive Spending to Halt Disinflationary Trend in December; Headline CPI expected at a range of 31.4– 32.4%y/y In the week ahead, the National Bureau of Statistics (NBS will publish the Consumer Price Index (CPI) for the month of…
FINANCIAL MARKETS TODAY – 8 January 2026
System Liquidity Money market liquidity moderated, opening at ₦1.20tn, down ₦456.38bn d/d due to ₦1.14tn NTB settlement, partly offset by ₦514.25bn maturities. Funding costs eased, with OPR at 22.50% and OVN at 22.71%. Treasury Bills NTB secondary…
FINANCIAL MARKETS TODAY – 7 January 2026
System Liquidity Money market liquidity remained tight, opening at ₦1.66 trillion, pressured by reduced SDF placements and ₦235 billion SLF borrowing. NTB auction activity also weighed on liquidity, pushing average funding costs higher, with OVN closing…
2026 Economic & Market Outlook – From Stabilization to Sustainable Growth
Executive Summary The global economy in 2025 demonstrated resilience despite renewed trade tensions, geopolitical conflicts, and persistent inflationary pressures. The return of President Trump to office triggered successive tariff measures that elevated…
FINANCIAL MARKETS TODAY – 6 January 2026
System Liquidity System liquidity opened with a ₦4.12tn surplus, supported by ₦1.37tn OMO maturities despite SLF borrowing. The CBN’s OMO auction absorbed liquidity, while funding rates stayed stable, with OPR at 22.50% and OVN easing slightly. Treasury…
FINANCIAL MARKETS TODAY – 5 January 2026
System Liquidity System liquidity closed with a ₦3.41 trillion surplus, up ₦54.83bn day-on-day, driven by higher SDF placements and bond coupon inflows. Funding costs eased, with OPR at 22.50% and OVN down 4bps to 22.71%. Treasury Bills The NTB market…
MACRO ECONOMIC AND FINANCIAL MARKETS WEEKLY UPDATE – 2 JANUARY 2026
System Liquidity: Liquidity Swings Amid Holiday Crunch Liquidity was volatile during the shortened holiday week, boosted midweek by OMO maturities but easing toward week-end as SDF placements declined. Funding conditions remained relatively favourable,…
FINANCIAL MARKETS TODAY – 31 December 2025
System Liquidity System liquidity closed lower at ₦3.82trn due to reduced SDF placements. Funding costs were stable, with OPR and overnight rates closing unchanged at 22.50% and 22.75%. Treasury Bills The NTB secondary market traded quietly with flat…
FINANCIAL MARKETS TODAY – 30 December 2025
System Liquidity System liquidity improved sharply to ₦5.15trn, supported by ₦594bn OMO maturities and higher SDF placements. Funding costs eased as OPR stayed at 22.50% while O/N declined to 22.75%. Treasury Bills NTB secondary market traded calm to…
