INFLATION WATCH – March 2025
Inflation Watch – NBS Reports 24.23% Inflation in March, Signaling Renewed Price Pressures The National Bureau of Statistics (NBS) reported a concerning rise in Nigeria’s inflation rate, which climbed to…
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Inflation Watch – NBS Reports 24.23% Inflation in March, Signaling Renewed Price Pressures The National Bureau of Statistics (NBS) reported a concerning rise in Nigeria’s inflation rate, which climbed to…
Money Market Interbank liquidity improved substantially at today’s opening, boosted by inflows from Remita and other state-related credits. This liquidity injection prompted a modest easing in interbank rates: the Overnight…
Money Market Interbank liquidity tightened at market open today, despite ₦28.11 billion in FGN Bond coupon inflows and CBN FX settlements. Interbank rates showed modest upward movement, with the Overnight…
Money Markets The interbank market opened the week with a robust liquidity surplus of ₦906.85 billion, supporting stable short-term rates. However, liquidity declined significantly by ₦603.81 billion to close at…
Money Market Interbank liquidity tightened sharply today after NTB auction settlements and substantial CBN FX outflows, pushing the Overnight Policy Rate (OPR) up 33bps to 26.83% and Overnight Rate (O/N)…
Money Market Interbank liquidity opened lower at ~₦341 billion but maintained a positive balance. Rates showed no material movement, as the Overnight Policy Rate (OPR) stabilized at 26.50% while the…
Money Market Interbank liquidity stayed strong despite a modest decline to ~₦757 billion, keeping rates steady—the Overnight Policy Rate (OPR) at 26.50% and Overnight Rate (O/N) at 26.94%. Outlook: Interbank…
Money Market Interbank liquidity remained robust, exceeding ₦900 billion in surplus, keeping rates stable—the Overnight Policy Rate (OPR) held at 26.50% and the Overnight Rate (O/N) at 26.95%. Outlook: Interbank…
Global Macroeconomic Review United States: The U.S. economy exhibited signs of cooling inflation in February 2025, with the Consumer Price Index (CPI) rising 0.2% m/m (2.80% y/y) and core CPI…
Money Markets The interbank market sustained robust liquidity throughout the week, largely driven by ₦651 billion in OMO maturities, which helped keep short-term rates stable despite CBN’s CRR debits. Early…