FINANCIAL MARKETS TODAY – 16 January 2025
Money Market The liquidity within the interbank system showed some improvement, although it continues to be negative. Consequently, in the absence of any significant catalysts, interbank rates remained elevated. Specifically, the Overnight Policy Rate…
FINANCIAL MARKETS TODAY – 15 January 2025
Money Market Opening system liquidity experienced a decline today, moving further into negative territory, as outflows related to foreign exchange settlements and remita transactions contributed to further depletion of liquidity. As a result, interbank…
INFLATION WATCH – December 2024
Inflation Watch – Nigeria’s Inflation Peaks at 34.80% in December 2024 Amid Festive Demand Surge In December 2024, Nigeria’s inflation rate rose to 34.80% y/y, an increase from 34.60% in November. This marks the fourth consecutive monthly…
FINANCIAL MARKETS TODAY – 14 January 2025
Money Market System liquidity improved due to OMO maturities and substantial Remita inflows, although it remained in negative territory. Despite this, interbank rates stayed elevated. Specifically, the Overnight Policy Rate (OPR) decreased by 12 bps to…
FINANCIAL MARKETS TODAY – 13 January 2025
Money Market System liquidity significantly declined into negative territory today, starting the week on a lower note due to outflows from net CRR debit activities and swap rollovers last Friday. As a result, interbank rates saw a notable increase. The…
FINANCIAL MARKETS WEEKLY – 10 JANUARY 2025
Money Markets System liquidity oscillated throughout the week, beginning with a dip due to a late CRR event, followed by a rise from CRR refunds and OMO maturities inflow (₦300 billion). The CBN’s ₦500 billion OMO auction increased interbank rates,…
FINANCIAL MARKETS TODAY – 09 January 2025
Money Market System liquidity opened lower today, entering negative territory due to the net settlement of the NTB auction winnings. As a result, interbank rates rose significantly. Specifically, the Overnight Policy Rate (OPR) increased by 2.67%,…
FINANCIAL MARKETS TODAY – 08 January 2025
Money Market System liquidity opened lower following the settlement of the OMO auction winnings. However, interbank rates decreased due to a lack of funding pressure. The Overnight Policy Rate (OPR) fell by 90bps to close at 27.00%, while the Overnight…
Monthly Financial Market Update – December 2024
Global Macroeconomic Review United States: In November 2024, the U.S. economy demonstrated remarkable resilience by adding 227,000 jobs, a substantial recovery from October’s revised figure of 36,000. The previous month’s underperformance was primarily…
FINANCIAL MARKETS TODAY – 07 January 2025
Money Market System liquidity opened notably higher due to inflows from CRR refunds and OMO maturities (c.₦300 billion) today. To regulate the money supply, the CBN offered and sold a total of ₦500 billion in an OMO auction today. As a result, interbank…
