FINANCIAL MARKETS TODAY – 04 December 2024
Money Market Increased inflows improved interbank liquidity further today. As a result, interbank rates relaxed further, with the Overnight Policy Rate (OPR) dropping by 20 bps to 26.36% and the…
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Money Market Increased inflows improved interbank liquidity further today. As a result, interbank rates relaxed further, with the Overnight Policy Rate (OPR) dropping by 20 bps to 26.36% and the…
Money Market System liquidity improved further today due to additional inflows. Consequently, interbank rates eased further, with the Overnight Policy Rate (OPR) decreasing by 62 bps to 26.56% and the…
Money Market System liquidity improved significantly, supported by outstanding FAAC disbursements, remita inflows, and other inflows credited into the market. As a result, the interbank rates eased; specifically, the Overnight…
Money Markets System liquidity started on a low note with a deficit of c.₦ 269 billion. It stayed in a deficit for most of the week, even with substantial inflows…
Money Market System liquidity improved significantly today, supported by FAAC inflows. However, the illiquidity in the interbank market continued, as it remained in the deficit region. Overall, interbank rates experienced…
Money Market System liquidity improved slightly but continued to be negative. As a result, interbank rates remained elevated, with the Overnight Policy Rate (OPR) falling by 22 bps to 31.78%…
Money Market System liquidity fell deeper into negative territory. Consequently, interbank rates stayed high, with the Overnight Policy Rate (OPR) settling at 32.00%, while the Overnight Rate (O/N) rose by…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its final meeting for 2024 today and decided to increase the benchmark interest rate by 25 bps…
Money Market System liquidity remained weak and continued to be negative, although there was a slight improvement compared to the closing figures from the previous week. As a result, the…
NIGERIA’S GDP GREW AT 3.46% IN Q3’24 YoY The Nigerian GDP report for Q3 2024 revealed a growth rate of 3.46% year-on-year, an improvement from the 3.19% recorded in Q2.…