FINANCIAL MARKETS WEEKLY – 07 MARCH 2025
Money Markets Interbank liquidity remained positive throughout the week, supported by OMO maturities and FAAC inflows. As a result, interbank rates initially declined, with the Overnight Policy Rate (OPR) and Overnight Rate (O/N) dropping to 26.42% and…
FINANCIAL MARKETS TODAY – 06 March 2025
Money Market Interbank liquidity significantly improved today, but the market tightened following the CBN’s OMO auction. The CBN offered ₦600 billion across two long-dated papers, with subscriptions reaching ₦1.877 trillion and allotments totaling…
FINANCIAL MARKETS TODAY – 05 March 2025
Money Market Interbank liquidity saw a notable improvement and remained positive. However, the Overnight Policy Rate (OPR) rose by 8 bps to 26.50%, and the Overnight Rate (O/N) increased by 9 bps to 26.92%. Outlook: We expect interbank rates to remain…
FINANCIAL MARKETS TODAY – 04 March 2025
Money Market Interbank liquidity stayed positive and stable, keeping interbank rates unchanged. The Overnight Policy Rate (OPR) and the Overnight Rate (O/N) held steady at 26.42% and 26.83%, respectively. Outlook: We anticipate interbank rates will hold…
FINANCIAL MARKETS TODAY – 03 March 2025
Money Market Interbank liquidity started the month positively, boosted by OMO maturities. As a result, interbank rates fell, with the Overnight Policy Rate (OPR) down 33 bps to 26.42% and the Overnight Rate (O/N) dropping 50 bps to 26.83%. Outlook: We…
FINANCIAL MARKETS WEEKLY – 28 FEBRUARY 2025
Money Markets Interbank liquidity fluctuated throughout the week, starting in negative territory due to ongoing liquidity constraints, which kept rates elevated. However, liquidity improved significantly midweek following an OMO maturity inflow of…
Q4 2024 GDP Highlights
Nigeria’s Economic Growth Accelerates in Q4 2024 Amid Sectoral Shifts Nigeria’s economy grew by 3.84% YoY in Q4 2024, up from 3.46% in Q4 2023 and Q3 2024. For the full year, GDP expanded by 3.40%, the fastest in three years and an improvement from…
FINANCIAL MARKETS TODAY – 27 February 2025
Money Market Interbank liquidity saw some improvement today but stayed in negative territory. However, interbank rates rose, with the Overnight Policy Rate (OPR) increasing by 62 bps to 32.33% and the Overnight Rate (O/N) rising by 54 bps to 32.75%.…
FINANCIAL MARKETS TODAY – 26 February 2025
Money Market Interbank liquidity dropped sharply today after the FGN bond auction settlement of approximately ₦910.30 billion. As a result, interbank rates surged, with the Overnight Policy Rate (OPR) climbing by 1.71% to 31.71% and the Overnight Rate…
FINANCIAL MARKETS TODAY – 25 February 2025
Money Market Interbank liquidity improved sharply today, turning positive after the credit of c.₦813.25 billion OMO maturities. Consequently, interbank rates eased, with the Overnight Policy Rate (OPR) dropping by 2.40% to 30.00% and the Overnight Rate…
