FINANCIAL MARKETS TODAY – 01 September 2021

System liquidity improved today, opening with a balance of ca ₦432.62 billion, higher than previous day’s opening of ca ₦237.91 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 4.50% and 5.00% from 6.00% and 6.50% respectively, the previous day.

FINANCIAL MARKETS TODAY – 31 August 2021

System liquidity opened with a balance of ca ₦237.92 billion, as OMO maturities of ₦57.00 billion impacted the system. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 6.00% and 6.50% from 6.50% and 7.17% respectively, the previous day.

FINANCIAL MARKETS TODAY – 30 August 2021

Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 6.50% and 7.17% from 8.33% and 8.50% respectively on Friday, suggesting higher liquidity levels in the system today. The Central Bank of Nigeria (CBN) today, rolled over maturing special bills of ca ₦4.5 trillion for ca 35, 63 and 91 days respectively, with the longest tenor offered around 6.00% levels.