FINANCIAL MARKETS TODAY – 10 December 2024
Money Market System liquidity fell deeper into negative territory, primarily due to yesterday’s OMO auction settlement debit of ₦1.559 trillion. As a result, interbank rates rose further, with the Overnight Policy Rate (OPR) increasing by 0.68% to…
FINANCIAL MARKETS TODAY – 09 December 2024
Money Market The week began with a deficit in system liquidity, attributed to the debit of ₦772.93 billion from the OMO auction settlement and CBN’s CRR operations last Friday. This liquidity shortfall was further worsened by today’s OMO…
FINANCIAL MARKETS TODAY – 05 December 2024
Money Market System liquidity remained strong but experienced a slight decline due to the settlement of the NTB auction (net debit of ₦173.44 billion). Consequently, interbank rates increased, with the Overnight Policy Rate (OPR) rising by 50 bps to…
FINANCIAL MARKETS TODAY – 04 December 2024
Money Market Increased inflows improved interbank liquidity further today. As a result, interbank rates relaxed further, with the Overnight Policy Rate (OPR) dropping by 20 bps to 26.36% and the Overnight Rate (O/N) decreasing by 40 bps to 26.71%.…
FINANCIAL MARKETS TODAY – 03 December 2024
Money Market System liquidity improved further today due to additional inflows. Consequently, interbank rates eased further, with the Overnight Policy Rate (OPR) decreasing by 62 bps to 26.56% and the Overnight Rate (O/N) falling by 78 bps to 27.11%.…
FINANCIAL MARKETS TODAY – 02 December 2024
Money Market System liquidity improved significantly, supported by outstanding FAAC disbursements, remita inflows, and other inflows credited into the market. As a result, the interbank rates eased; specifically, the Overnight Policy Rate (OPR) decreased…
FINANCIAL MARKETS TODAY – 28 November 2024
Money Market System liquidity improved significantly today, supported by FAAC inflows. However, the illiquidity in the interbank market continued, as it remained in the deficit region. Overall, interbank rates experienced some relief, with the Overnight…
FINANCIAL MARKETS TODAY – 27 November 2024
Money Market System liquidity improved slightly but continued to be negative. As a result, interbank rates remained elevated, with the Overnight Policy Rate (OPR) falling by 22 bps to 31.78% and the Overnight Rate (O/N) decreasing by 21 bps to 32.50%.…
FINANCIAL MARKETS TODAY – 26 November 2024
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 15 bps to 32.71%. Outlook: We anticipate that…
FINANCIAL MARKETS TODAY – 25 November 2024
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 Overnight Policy Rate (OPR) decreased by 13 bps to 32.06%, while…
