FINANCIAL MARKETS TODAY – 20 January 2025
Money Market Interbank liquidity improved slightly due to inflows from the FGN bond coupon amounting to c.₦66 billion. However, this was not enough to shift liquidity into positive territory, as most participants continued to rely on the CBN’s SLF to…
FINANCIAL MARKETS TODAY – 16 January 2025
Money Market The liquidity within the interbank system showed some improvement, although it continues to be negative. Consequently, in the absence of any significant catalysts, interbank rates remained elevated. Specifically, the Overnight Policy Rate…
FINANCIAL MARKETS TODAY – 15 January 2025
Money Market Opening system liquidity experienced a decline today, moving further into negative territory, as outflows related to foreign exchange settlements and remita transactions contributed to further depletion of liquidity. As a result, interbank…
FINANCIAL MARKETS TODAY – 14 January 2025
Money Market System liquidity improved due to OMO maturities and substantial Remita inflows, although it remained in negative territory. Despite this, interbank rates stayed elevated. Specifically, the Overnight Policy Rate (OPR) decreased by 12 bps to…
FINANCIAL MARKETS TODAY – 13 January 2025
Money Market System liquidity significantly declined into negative territory today, starting the week on a lower note due to outflows from net CRR debit activities and swap rollovers last Friday. As a result, interbank rates saw a notable increase. The…
FINANCIAL MARKETS TODAY – 09 January 2025
Money Market System liquidity opened lower today, entering negative territory due to the net settlement of the NTB auction winnings. As a result, interbank rates rose significantly. Specifically, the Overnight Policy Rate (OPR) increased by 2.67%,…
FINANCIAL MARKETS TODAY – 08 January 2025
Money Market System liquidity opened lower following the settlement of the OMO auction winnings. However, interbank rates decreased due to a lack of funding pressure. The Overnight Policy Rate (OPR) fell by 90bps to close at 27.00%, while the Overnight…
FINANCIAL MARKETS TODAY – 07 January 2025
Money Market System liquidity opened notably higher due to inflows from CRR refunds and OMO maturities (c.₦300 billion) today. To regulate the money supply, the CBN offered and sold a total of ₦500 billion in an OMO auction today. As a result, interbank…
FINANCIAL MARKETS TODAY – 06 January 2025
Money Market System liquidity opened lower but remained in positive territory. This decrease was due to the late CRR event that occurred last Friday. Nevertheless, in the absence of any major funding need, interbank rates dropped slightly. Specifically,…
FINANCIAL MARKETS TODAY – 02 January 2025
Money Market System liquidity opened the year on a positive note, and in the absence of any major funding need, interbank rates remained relatively stable. Specifically, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) printed at 26.69% and…
