Category: Daily Market Report

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…

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…

Money Market Liquidity in the system weakened due to the settlement of the NTB auction which resulted in a net debit of ₦83.04 billion. As a result, interbank rates rose…

Money Market System liquidity declined significantly today due to the settlement of the FGN bond auction winnings, which amounted to c.₦346 billion, and the CBN’s FX intervention settlement. As a…

Money Market Today, system liquidity decreased but maintained a fairly liquid position, bolstered slightly by Swap maturities and OMO maturities of c.₦6.38 billion, despite the settlement of CBN’s FX interventions.…

Money Market Today, opening system liquidity declined but remained strong. Nonetheless, the Overnight Policy Rate (OPR) fell by 91bps to 25.18%, while the Overnight Rate (O/N) decreased by 1.19% to…

Money Market System liquidity worsened further within the deficit zone, leading to a 25 bps increase in the Overnight Policy Rate (OPR) to 32.18%, while the Overnight Rate (O/N) rose…

Money Market System liquidity declined further into negative territory. Nonetheless, the Overnight Policy Rate (OPR) declined by 10bps to 31.93%, while the Overnight Rate (O/N) fell by 12bps to 32.48%.…

Money Market System liquidity worsened due to some CRR debits, causing interbank rates to trend upward. Specifically, the Overnight Policy Rate (OPR) increased by 1.60% to 32.03%, while the Overnight…

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…