FINANCIAL MARKETS WEEKLY – 12 January 2024
FIXED INCOME MARKETS Money Markets System liquidity opened the week at c. ₦812.76 billion. However, system liquidity fell by 78.39% week-on-week to ₦186.43 billion, compared to last week Friday, due to intermittent CRR debits and OMO auction funding.…
FINANCIAL MARKETS WEEKLY – 05 January 2024
FIXED INCOME MARKETS Money Markets System liquidity maintained a positive level all through the week and recorded +361.65% increase from ₦186.90 billion last week to ₦862.82 billion. As a result, the Open Repo Rate (OPR) and Overnight Rate (O/N)…
FINANCIAL MARKETS WEEKLY – 29 December 2023
FIXED INCOME MARKETS Money Markets System liquidity stayed positive all through the week, although, liquidity declined by 69.46% from ₦611.98 billion last week to ₦186.90 billion. As a result, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased…
FINANCIAL MARKETS WEEKLY – 22 December 2023
FIXED INCOME MARKETS Money Markets The NTB and FGN bond auction debits during the week dampened system liquidity by c.-224.40% from ₦76.83 billion to -₦95.58 billion week-on-week. Consequently, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased…
FINANCIAL MARKETS WEEKLY – 15 December 2023
FIXED INCOME MARKETS Money Markets The NTB and FGN bond auction debits during the week dampened system liquidity by c.-224.40% from ₦76.83 billion to -₦95.58 billion week-on-week. Consequently, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased…
FINANCIAL MARKETS WEEKLY – 08 December 2023
FIXED INCOME MARKETS Money Markets System liquidity improved at the start of the week but declined towards the end of the week due to the NTB auction settlement. Overall, system liquidity declined by 80.99% from ₦404.09 billion to ₦76.83 billion…
FINANCIAL MARKETS WEEKLY – 01 December 2023
FIXED INCOME MARKETS Money Markets System liquidity was majorly positive this week, improving from last week’s negative position of ₦186.43 billion short to ₦404.09 billion long, bolstered by FAAC credits. As a result, the Open Repo Rate (OPR) and…
FINANCIAL MARKETS WEEKLY – 24 November 2023
FIXED INCOME MARKETS Money Markets Early this week, system liquidity slipped into negative territory and further deteriorated due to the impact of NTB auction funding and the sustained presence of most banks at the Standing Lending Facility (SLF) Window.…
FINANCIAL MARKETS WEEKLY – 17 November 2023
FIXED INCOME MARKETS Money Markets System liquidity experienced a shortfall over the week, primarily influenced by the funding of the FGN bond auction. To provide context, there was a 74.96% week-on-week decline in system liquidity, decreasing from…
FINANCIAL MARKETS WEEKLY – 10 November 2023
FIXED INCOME MARKETS Money Markets System liquidity experienced a decrease this week due to Cash Reserve Ratio (CRR) and Nigerian Treasury Bills (NTB) auction debits. Liquidity declined by 10.48%, moving from ₦345.46 billion to ₦317.32 billion. As a…
