FINANCIAL MARKETS TODAY – 31 DECEMBER 2024
Money Markets System liquidity started off negative after the OMO auction settlement and net CRR debit activities from yesterday. As a result, interbank rates increased, with the Overnight Policy Rate (OPR) and Overnight Rate (O/N) trading between 28%…
FINANCIAL MARKETS TODAY – 30 DECEMBER 2024
Money Markets Liquidity in the system started much higher today, driven by significant Remita inflows from Friday. Consequently, interbank rates saw a slight decline, with the Overnight Policy Rate (OPR) recorded at 26.50%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 24 December 2024
Money Market System liquidity declined despite the FAAC disbursements, as the CBN conducted CRR debit activities yesterday, which reduced liquidity. However, interbank rates eased. The Overnight Policy Rate (OPR) fell by 10 bps to 26.83%, while the…
FINANCIAL MARKETS TODAY – 23 December 2024
Money Market System liquidity experienced a notable improvement, driven by inflows from derivatives, the signature Bonus, and other disbursements from the CBN. Consequently, interbank rates eased significantly, with the Overnight Policy Rate (OPR)…
FINANCIAL MARKETS TODAY – 19 December 2024
Money Market System liquidity improved as additional FAAC inflows were credited to the system. However, the system remained in a deficit. As a result, interbank rates remained elevated, with the Overnight Policy Rate (OPR) recorded at 32.29% and the…
FINANCIAL MARKETS TODAY – 18 December 2024
Money Market System liquidity continued to be negative but experienced some relief as statutory revenue inflows helped alleviate the illiquidity. However, interbank rates stayed high due to the FGN bond auction settlement of c.₦211 billion, FX…
FINANCIAL MARKETS TODAY – 17 December 2024
Money Market Liquidity in the system showed some improvement but was still negative. Consequently, interbank rates remained high, with the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) settling at 32.33% and 32.75%, respectively. Outlook: We…
FINANCIAL MARKETS TODAY – 16 December 2024
Money Market System liquidity remained negative despite some inflows, including the signature bonus. Consequently, interbank rates continued to be elevated, with the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) closing at 32.22% and 32.81%,…
FINANCIAL MARKETS TODAY – 12 December 2024
Money Market System liquidity deteriorated today following the net NTB auction settlement of ₦252.17 billion today. As a result, interbank rates remained elevated. Specifically, the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) settled at…
FINANCIAL MARKETS TODAY – 11 December 2024
Money Market System liquidity remained negative as more deposit money banks (DMBs) continued to rely heavily on the Central Bank of Nigeria’s (CBN’s) standing lending facility (SLF) window to fund their operations. Consequently, interbank…
