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Money Market System liquidity remained negative despite some inflows, including the signature bonus. Consequently, interbank rates continued to be elevated, with the Overnight Policy Rate (OPR) and the Overnight Rate…
Inflation Watch – Nigeria’s Inflation Hits 34.60% as Food and Transport Costs Soar Nigeria’s inflation rate accelerated in November 2024 to 34.60% y/y, up from 33.88% in October, marking the…
Money Markets System liquidity experienced significant pressure throughout the week. This liquidity shortfall worsened after an OMO auction sold ₦1.559 trillion, far exceeding the ₦600 billion offered. As a result,…
Money Market System liquidity deteriorated today following the net NTB auction settlement of ₦252.17 billion today. As a result, interbank rates remained elevated. Specifically, the Overnight Policy Rate (OPR) and…
Money Market System liquidity remained negative as more deposit money banks (DMBs) continued to rely heavily on the Central Bank of Nigeria’s (CBN’s) standing lending facility (SLF) window to fund…
Money Market System liquidity fell deeper into negative territory, primarily due to yesterday’s OMO auction settlement debit of ₦1.559 trillion. As a result, interbank rates rose further, with the Overnight…
Money Market The week began with a deficit in system liquidity, attributed to the debit of ₦772.93 billion from the OMO auction settlement and CBN’s CRR operations last Friday. This…
Money Markets System liquidity improved significantly this week, driven by FAAC disbursements, remita inflows, and other market credits. This led to a decline in interbank rates, with the Overnight Policy…
Money Market System liquidity remained strong but experienced a slight decline due to the settlement of the NTB auction (net debit of ₦173.44 billion). Consequently, interbank rates increased, with the…
Global Macroeconomic Review United States: In the third quarter of 2024, the U.S. economy demonstrated notable resilience, growing by 2.8% thanks to strong consumer spending and increased business investment in…
