FINANCIAL MARKETS TODAY – 18 December 2024
Money Market System liquidity continued to be negative but experienced some relief as statutory revenue inflows helped alleviate the illiquidity. However, interbank rates stayed high due to the FGN bond auction settlement of c.₦211 billion, FX…
FINANCIAL MARKETS TODAY – 17 December 2024
Money Market Liquidity in the system showed some improvement but was still negative. Consequently, interbank rates remained high, with the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) settling at 32.33% and 32.75%, respectively. Outlook: We…
FINANCIAL MARKETS TODAY – 16 December 2024
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 (O/N) closing at 32.22% and 32.81%,…
INFLATION WATCH – November 2024
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 third consecutive monthly increase and the highest level…
FINANCIAL MARKETS WEEKLY – 13 DECEMBER 2024
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, interbank rates surged, with the…
FINANCIAL MARKETS TODAY – 12 December 2024
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 the Overnight Rate (O/N) settled at…
FINANCIAL MARKETS TODAY – 11 December 2024
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 their operations. Consequently, interbank…
FINANCIAL MARKETS TODAY – 10 December 2024
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 Policy Rate (OPR) increasing by 0.68% to…
FINANCIAL MARKETS TODAY – 09 December 2024
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 liquidity shortfall was further worsened by today’s OMO…
FINANCIAL MARKETS WEEKLY – 06 DECEMBER 2024
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 Rate (OPR) and Overnight Rate (O/N) easing to…
