FINANCIAL MARKETS TODAY – 05 February 2025
Money Market Interbank liquidity opened significantly lower today, plunging into negative territory, which led to a notable rise in interbank rates. The Overnight Policy Rate (OPR) increased by 3.50%, settling at 31.50%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 04 February 2025
Money Market Interbank liquidity opened significantly higher today, driven by increased inflows into the system. As a result, interbank rates eased notably. The Overnight Policy Rate (OPR) declined by 4.07% to settle at 28.00%, while the Overnight Rate…
FINANCIAL MARKETS TODAY – 03 February 2025
Money Market Today, opening interbank liquidity fell into negative territory, primarily due to the settlement of ₦1 trillion OMO auction allotment last Friday, along with some CRR deductions. This situation resulted in an increase in interbank rates. In…
FINANCIAL MARKETS TODAY – 30 January 2025
Money Market Interbank liquidity increased today due to the inflow of pending FAAC credits into the system. As a result, interbank rates decreased. Specifically, the Overnight Policy Rate (OPR) fell by 36 bps to 26.58%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 29 January 2025
Money Market Interbank liquidity decreased today due to the settlement of the FGN bond auction winnings, which totaled c.₦606 billion. As a result, interbank rates rose. Specifically, the Overnight Policy Rate (OPR) increased by 44 bps to 26.94%, while…
FINANCIAL MARKETS TODAY – 28 January 2025
Money Market Interbank liquidity continued to improve today, bolstered by inflows via CRR credits and OMO maturities, thus leading to a further easing in interbank rates. Specifically, the Overnight Policy Rate (OPR) fell by 8bps to 26.50%, while the…
FINANCIAL MARKETS TODAY – 27 January 2025
Money Market Interbank liquidity continued to improve today, leading to a further easing in interbank rates. Specifically, the Overnight Policy Rate (OPR) fell by 0.42% to 26.58%, while the Overnight Rate (O/N) decreased by 0.33% to 27.17%. Outlook:…
FINANCIAL MARKETS TODAY – 23 January 2025
Money Market Interbank liquidity showed a marginal improvement but continued to operate at a deficit, affected by the net NTB settlement debit of around ₦518.93 billion, which constrained market liquidity despite substantial statutory inflows. As a…
FINANCIAL MARKETS TODAY – 22 January 2025
Money Market Interbank liquidity started off lower, dipping into negative territory. However, as the day progressed, liquidity improved significantly due to the deposit of some FAAC payments and bond coupons. Consequently, interbank rates eased further.…
FINANCIAL MARKETS TODAY – 21 January 2025
Money Market Interbank liquidity experienced a significant recovery due to inflows from Remita, Net Cash Reserve Ratio (CRR) credits, and FGN bond coupons. Consequently, interbank rates decreased. Specifically, the Overnight Policy Rate (OPR) fell by…
