FINANCIAL MARKETS TODAY – 22 September 2026
System Liquidity Liquidity built for a third day, up 73.15% to ₦6.91trn from ₦3.99trn. The MPC cut the policy rate 350bps to 23.00%, the OPR and NOFR held at 22.00% and the overnight rate was 22.27%. Treasury Bills Rates edged down 1bp across the curve…
FINANCIAL MARKETS TODAY – 21 September 2026
System Liquidity Liquidity built for a second day, up 39.62% to ₦3.99trn from ₦2.86trn as the tail of the CBN’s ₦3.81trn mid-September repayments kept feeding through with no FAAC and no OMO auction to absorb it, with the OPR and NOFR both steady…
That Official-Looking SMS Could Be a Trap – Verify Before You Act on It
You receive a text message saying you have committed a traffic offence and need to pay a fine. It mentions the Federal Road Safety Corps (FRSC) and provides a link to review the offence. Your first reaction may be to click the link and find out what…
FINANCIAL MARKETS TODAY – 18 September 2026
System Liquidity Liquidity rebounded 40.74% to ₦2.86trn from ₦2.03trn as the tail of the CBN’s ₦3.81trn mid-week repayments fed back with no auction to absorb it, with the OPR and NOFR both steady at 22.00%; direction next week hinges on the size…
FINANCIAL MARKETS TODAY – 17 September 2026
System Liquidity Liquidity fell 65.53% to ₦2.03trn from ₦5.89trn as the CBN drained cash via OMO, with the OPR steady at 22.00% and the overnight rate up to 22.30%; direction this week hinges on the size of the next OMO offer against maturities. Treasury…
FINANCIAL MARKETS TODAY – 16 September 2026
System Liquidity Liquidity jumped 6.36% to ₦5.89trn from ₦5.54trn, with the OPR steady at 22.00% and the overnight rate easing to 22.19%; direction this week hinges on the size of the next OMO offer. Treasury Bills Secondary market rates eased slightly,…
FINANCIAL MARKETS TODAY – 14 September 2026
System Liquidity Liquidity rose 3.84% d/d to ₦2.56trn despite the ₦1.05trn NTB settlement, with funding rates pinned at 22.00%; ₦2.94trn of OMO maturities set direction this week. Treasury Bills The average benchmark yield eased 2bps to 19.03%…
A Data Breach Doesn’t Have to Steal Your Money to Put You at Risk
When we hear “data breach,” the first thought is often: Was any money stolen? But money doesn’t have to disappear for a data breach to affect you. In August 2026, Zenith Bank disclosed that it was investigating unauthorized access to some customer…
FINANCIAL MARKETS TODAY – 28 August 2026
System Liquidity System liquidity closed the week in surplus at ₦3.61 trillion following heavy OMO and NTB auction settlements, pushing average funding costs up slightly to 22.11%. Treasury Bills he Treasury Bills secondary market closed with…
FINANCIAL MARKETS TODAY – 27 August 2026
System Liquidity Liquidity moderated on settlement outflows from the prior day’s auctions, though a bond coupon and steady SDF participation cushioned the decline. Funding costs should stay moderated, though fresh pressure looms as OMO settlement…