FINANCIAL MARKETS TODAY – 30 January 2025
Money Market Interbank liquidity increased today due to the inflow of pending FAAC credits into the system. As a result, interbank rates decreased. Specifically, the Overnight Policy Rate (OPR) fell by 36 bps to 26.58%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 29 January 2025
Money Market Interbank liquidity decreased today due to the settlement of the FGN bond auction winnings, which totaled c.₦606 billion. As a result, interbank rates rose. Specifically, the Overnight Policy Rate (OPR) increased by 44 bps to 26.94%, while…
FINANCIAL MARKETS TODAY – 28 January 2025
Money Market Interbank liquidity continued to improve today, bolstered by inflows via CRR credits and OMO maturities, thus leading to a further easing in interbank rates. Specifically, the Overnight Policy Rate (OPR) fell by 8bps to 26.50%, while the…
FINANCIAL MARKETS TODAY – 27 January 2025
Money Market Interbank liquidity continued to improve today, leading to a further easing in interbank rates. Specifically, the Overnight Policy Rate (OPR) fell by 0.42% to 26.58%, while the Overnight Rate (O/N) decreased by 0.33% to 27.17%. Outlook:…
FINANCIAL MARKETS WEEKLY – 24 JANUARY 2025
Money Markets Interbank liquidity fluctuated throughout the week, influenced by FGN bond coupon inflows, FAAC payments, and Remita credits. Early in the week, liquidity improved slightly but remained negative, keeping interbank rates elevated. Midweek…
FINANCIAL MARKETS TODAY – 23 January 2025
Money Market Interbank liquidity showed a marginal improvement but continued to operate at a deficit, affected by the net NTB settlement debit of around ₦518.93 billion, which constrained market liquidity despite substantial statutory inflows. As a…
FINANCIAL MARKETS TODAY – 22 January 2025
Money Market Interbank liquidity started off lower, dipping into negative territory. However, as the day progressed, liquidity improved significantly due to the deposit of some FAAC payments and bond coupons. Consequently, interbank rates eased further.…
FINANCIAL MARKETS TODAY – 21 January 2025
Money Market Interbank liquidity experienced a significant recovery due to inflows from Remita, Net Cash Reserve Ratio (CRR) credits, and FGN bond coupons. Consequently, interbank rates decreased. Specifically, the Overnight Policy Rate (OPR) fell by…
FINANCIAL MARKETS TODAY – 20 January 2025
Money Market Interbank liquidity improved slightly due to inflows from the FGN bond coupon amounting to c.₦66 billion. However, this was not enough to shift liquidity into positive territory, as most participants continued to rely on the CBN’s SLF to…
FINANCIAL MARKETS WEEKLY – 17 JANUARY 2025
Money Markets System liquidity remained under pressure throughout the week, primarily due to net CRR debit activities, swap rollovers, and foreign exchange settlements. Despite some improvements from OMO maturities and Remita inflows, liquidity stayed…
