FINANCIAL MARKETS TODAY – 05 November 2024
Money Market System liquidity opened lower today; however, after the OMO auction, interbank rates closed significantly higher. Specifically, the Overnight Policy Rate (OPR) increased by 10.59% to 29.81%, while the Overnight Rate (O/N) rose by 10.67% to…
FINANCIAL MARKETS TODAY – 04 November 2024
Money Market System liquidity stayed relatively buoyant due to the absence of significant debits. Consequently, the interbank market remained stable. The Overnight Policy Rate (OPR) decreased by 3 bps to 19.22%, whereas the Overnight Rate (O/N) saw a…
FINANCIAL MARKETS TODAY – 31 October 2024
Money Market System liquidity remained positive and improved despite today’s foreign exchange (FX) settlement. As a result, funding rates eased significantly. Specifically, the Overnight Policy Rate (OPR) decreased by 3.71% to 21.14%, while the…
FINANCIAL MARKETS TODAY – 30 October 2024
Money Market The financial system maintained relatively stable liquidity levels, leading to a reduction in funding rates due to the lack of significant funding pressure. Consequently, both the Overnight Policy Rate (OPR) and the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 29 October 2024
Money Market System liquidity remained strong, although it saw a slight decline. This stability was mainly supported by inflows from the maturity of OMO totaling ₦325 billion, which offset the settlement from the CBN’s FX intervention today. Overall,…
FINANCIAL MARKETS TODAY – 28 October 2024
Money Market System liquidity improved today, bolstered by inflows from the FGN Bond coupon amounting to ₦259.35 billion. However, rates are still hovering around 27% due to the settlement related to the CBN’s foreign exchange intervention.…
FINANCIAL MARKETS TODAY – 24 October 2024
Money Market System liquidity improved slightly as FAAC credits have begun to come in gradually. However, the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) increased by 1.28% and 1.30%, reaching 31.69% and 32.08%, respectively. Outlook: : We…
FINANCIAL MARKETS TODAY – 23 October 2024
Money Market System liquidity declined today due to the FGN bond auction debit. However, the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) fell by 1.95% and 1.83%, settling at 30.41% and 30.78%, respectively. Outlook: We anticipate that the…
FINANCIAL MARKETS TODAY – 22 October 2024
Money Market System liquidity showed a slight improvement but remained negative. Nonetheless, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increased by 11 bps, closing at 32.36% and 32.61%, respectively. Outlook: We anticipate that interbank…
FINANCIAL MARKETS TODAY – 17 October 2024
Money Market Opening system liquidity improved today, with fewer players exposed to CBN’s SLF window. As a result, funding rates experienced a slight decline. Specifically, the Open Repo Rate (OPR) decreased by 22 bps to 32.28%, while the Overnight…
