FINANCIAL MARKETS WEEKLY – 04 APRIL 2025
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 in the week, both the Overnight Policy Rate…
FINANCIAL MARKETS TODAY – 03 April 2025
Money Market Interbank liquidity stayed strong, pushing both the Overnight Policy Rate (OPR) and Overnight Rate (O/N) down by 8 bps to 26.42% and 26.88%, respectively. Outlook: Interbank rates are likely to remain stable barring unexpected liquidity…
FINANCIAL MARKETS TODAY – 02 April 2025
Money Market Interbank liquidity remained robust, supported by ₦651 billion in OMO maturities, keeping rates stable—the Overnight Policy Rate (OPR) held at 26.50% and the Overnight Rate (O/N) at 26.96%. Outlook: : Interbank rates should hold steady…
FINANCIAL MARKETS WEEKLY – 28 MARCH 2025
Money Markets The interbank market experienced notable liquidity fluctuations throughout the week. Early on, liquidity remained negative despite FAAC inflows, FGN bond maturities (₦562bn), and coupon payments (₦38bn), keeping the Overnight Policy Rate…
FINANCIAL MARKETS TODAY – 27 March 2025
Money Market Interbank liquidity surged into positive territory today, boosted by FGN bond coupon payments (₦164 billion) and NTB maturities (₦1.18 trillion), outweighing the ₦808.73 billion NTB auction settlement. This drove a sharp decline in rates:…
FINANCIAL MARKETS TODAY – 26 March 2025
Money Market Interbank liquidity deteriorated further today as the FGN bond auction settlement drained c.₦271 billion from the system. This pushed rates higher, with the Overnight Policy Rate (OPR) rising 492bps to 32.42% and the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 25 March 2025
Money Market Interbank liquidity improved notably today as yesterday’s FAAC inflows eased—but did not eliminate—the market’s prolonged liquidity crunch. With reduced funding pressure, rates declined: the Overnight Policy Rate (OPR) dropped…
FINANCIAL MARKETS TODAY – 24 March 2025
Money Market Interbank liquidity saw some improvement today but stayed in negative territory, even with inflows from FAAC disbursements, FGN bond maturities (~₦562 billion), and coupon payments (~₦38 billion). Despite these inflows, the Overnight Policy…
FINANCIAL MARKETS WEEKLY – 21 MARCH 2025
Money Markets Interbank liquidity remained tight throughout the week, despite periodic inflows from FGN bond coupon payments. The market stayed in negative territory, keeping funding rates elevated. The week began with slight liquidity improvements, but…
FINANCIAL MARKETS TODAY – 20 March 2025
Money Market Interbank liquidity deteriorated further today, even with FGN coupon inflows of c.₦254.8 billion, as the NTB auction settlement drained liquidity from the system. This kept interbank rates elevated, with the Overnight Policy Rate (OPR) and…
