FINANCIAL MARKETS TODAY – 23 April 2025
Money Market Interbank liquidity jumped significantly after yesterday’s triple inflow injection – FAAC allocations to local governments, FGN bond coupon payments, and substantial CBN Remita receipts – which more than offset FX…
FINANCIAL MARKETS TODAY – 22 April 2025
Money Market Ample system liquidity persisted as ₦145 billion in bond coupon payments balanced out CBN’s FX settlement outflows. This kept money market rates anchored near 26.5%, with the Overnight Policy Rate (OPR) easing to 26.50% (-5.10%) and…
FINANCIAL MARKETS TODAY – 16 April 2025
Money Market Interbank market liquidity tightened at today’s opening as funds were allocated to CBN FX settlements. This reduction in available liquidity prompted a modest upward adjustment in benchmark rates, with the Overnight Policy Rate (OPR)…
FINANCIAL MARKETS TODAY – 15 April 2025
Money Market Interbank liquidity improved substantially at today’s opening, boosted by inflows from Remita and other state-related credits. This liquidity injection prompted a modest easing in interbank rates: the Overnight Policy Rate (OPR) fell 9…
FINANCIAL MARKETS TODAY – 14 April 2025
Money Market Interbank liquidity tightened at market open today, despite ₦28.11 billion in FGN Bond coupon inflows and CBN FX settlements. Interbank rates showed modest upward movement, with the Overnight Policy Rate (OPR) rising 9bps to 26.67% and the…
FINANCIAL MARKETS TODAY – 10 April 2025
Money Market Interbank liquidity tightened sharply today after NTB auction settlements and substantial CBN FX outflows, pushing the Overnight Policy Rate (OPR) up 33bps to 26.83% and Overnight Rate (O/N) rate to 27.29%. Outlook: We anticipate interbank…
FINANCIAL MARKETS TODAY – 09 April 2025
Money Market Interbank liquidity opened lower at ~₦341 billion but maintained a positive balance. Rates showed no material movement, as the Overnight Policy Rate (OPR) stabilized at 26.50% while the Overnight Rate (O/N) closed at 26.96%. Outlook:…
FINANCIAL MARKETS TODAY – 08 April 2025
Money Market Interbank liquidity stayed strong despite a modest decline to ~₦757 billion, keeping rates steady—the Overnight Policy Rate (OPR) at 26.50% and Overnight Rate (O/N) at 26.94%. Outlook: Interbank rates are likely to rise slightly tomorrow as…
FINANCIAL MARKETS TODAY – 07 April 2025
Money Market Interbank liquidity remained robust, exceeding ₦900 billion in surplus, keeping rates stable—the Overnight Policy Rate (OPR) held at 26.50% and the Overnight Rate (O/N) at 26.95%. Outlook: Interbank rates should hold steady unless unforeseen…
FINANCIAL MARKETS TODAY – 03 April 2025
Money Market Interbank liquidity stayed strong, pushing both the Overnight Policy Rate (OPR) and Overnight Rate (O/N) down by 8 bps to 26.42% and 26.88%, respectively. Outlook: Interbank rates are likely to remain stable barring unexpected liquidity…
