FINANCIAL MARKETS TODAY – 11 November 2024
Money Market System liquidity remained negative but showed signs of improvement due to inflows from Remita and net CRR credits. As a result, funding rates eased; specifically, the Overnight Policy…
FINANCIAL MARKETS WEEKLY – 08 NOVEMBER 2024
Money Markets System liquidity opened with a credit of ₦398.31 billion but saw a significant decrease of ₦923.80 billion, to close in a deficit of ₦525.49 billion. This sharp decline…
FINANCIAL MARKETS TODAY – 07 November 2024
Money Market System liquidity stayed negative, though it showed slight improvement. Due to the tight market liquidity, funding rates across banks remained high. Consequently, the Overnight Policy Rate (OPR) increased…
FINANCIAL MARKETS TODAY – 06 November 2024
Money Market Following the OMO auction debit, system liquidity plunged further into negative territory, causing a significant surge in interbank rates. Specifically, the Overnight Policy Rate (OPR) rose by 2.09%…
Monthly Financial Market Update – October 2024
Global Macroeconomic Review United States: The U.S. economy displayed resilience in September with robust job gains, as non-farm payroll employment surged by 254,000, significantly surpassing projections. This strong labor market…
FINANCIAL MARKETS TODAY – 05 November 2024
Money Market System liquidity opened lower today; however, after the OMO auction, interbank rates closed significantly higher. Specifically, the Overnight Policy Rate (OPR) increased by 10.59% to 29.81%, while the…
FINANCIAL MARKETS TODAY – 04 November 2024
Money Market System liquidity stayed relatively buoyant due to the absence of significant debits. Consequently, the interbank market remained stable. The Overnight Policy Rate (OPR) decreased by 3 bps to…
