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…
FINANCIAL MARKETS TODAY – 21 November 2024
Money Market Liquidity in the system weakened due to the settlement of the NTB auction which resulted in a net debit of ₦83.04 billion. As a result, interbank rates rose further, with the Overnight Policy Rate (OPR) increasing by 55 bps to 32.25% and the…
FINANCIAL MARKETS TODAY – 20 November 2024
Money Market System liquidity declined significantly today due to the settlement of the FGN bond auction winnings, which amounted to c.₦346 billion, and the CBN’s FX intervention settlement. As a result, interbank rates increased significantly,…
FINANCIAL MARKETS TODAY – 19 November 2024
Money Market Today, system liquidity decreased but maintained a fairly liquid position, bolstered slightly by Swap maturities and OMO maturities of c.₦6.38 billion, despite the settlement of CBN’s FX interventions. Interbank rates generally…
FINANCIAL MARKETS TODAY – 18 November 2024
Money Market Today, opening system liquidity declined but remained strong. Nonetheless, the Overnight Policy Rate (OPR) fell by 91bps to 25.18%, while the Overnight Rate (O/N) decreased by 1.19% to 25.69%. Outlook: We expect interbank rates to remain…
FINANCIAL MARKETS TODAY – 14 November 2024
Money Market System liquidity worsened further within the deficit zone, leading to a 25 bps increase in the Overnight Policy Rate (OPR) to 32.18%, while the Overnight Rate (O/N) rose by 7 bps to 32.55%. Outlook: We anticipate that interbank rates will…
FINANCIAL MARKETS TODAY – 13 November 2024
Money Market System liquidity declined further into negative territory. Nonetheless, the Overnight Policy Rate (OPR) declined by 10bps to 31.93%, while the Overnight Rate (O/N) fell by 12bps to 32.48%. Outlook: We expect that interbank rates will remain…
FINANCIAL MARKETS TODAY – 12 November 2024
Money Market System liquidity worsened due to some CRR debits, causing interbank rates to trend upward. Specifically, the Overnight Policy Rate (OPR) increased by 1.60% to 32.03%, while the Overnight Rate (O/N) rose by 1.55% to 32.60%. Outlook: We…
