FINANCIAL MARKETS TODAY – 14 August 2025
System Liquidity System liquidity stayed in deficit at about ₦35.30bn, driving higher funding costs as the OPR and O/N rates rose to 32.30% and 32.60%, respectively, amid elevated DMB borrowings…
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System Liquidity System liquidity stayed in deficit at about ₦35.30bn, driving higher funding costs as the OPR and O/N rates rose to 32.30% and 32.60%, respectively, amid elevated DMB borrowings…
System Liquidity System liquidity fell to a ₦32.23 billion deficit as DMBs’ borrowings from the CBN’s SLF window rose ₦56.3 billion to ₦311.7 billion, pushing the OPR up 340bps to…
System Liquidity System liquidity fell by ₦151.1 billion from ₦313.9 billion, pushing OPR and O/N rates up by 228bps and 240bps to 28.70% and 29.40%, respectively. Treasury Bills The NTB…
System Liquidity Liquidity moderated as system balances dropped ₦436.38Bn, driven by SLF borrowings which rose to ₦186.3Bn from ₦25.0Bn. Despite the tighter conditions, funding costs eased slightly with OPR at…
System Liquidity The money market saw mild volatility, with early funding rate increases despite strong liquidity, before a sharp mid-week swing to a ₦1.61 trillion deficit after the ₦2.13 trillion…
System Liquidity System liquidity rebounded to a ₦229.4 billion surplus following a ₦173.25 billion NTB settlement. Funding rates were broadly stable, with the OPR unchanged at 26.6% and the O/N…
System Liquidity System liquidity swung sharply into a deficit of ₦1.6 trillion from a previous surplus of ₦2.3 trillion due to the recent OMO auction settlement. Despite this, the Overnight…
Global Macroeconomic Review The U.S. labor market showed clear signs of slowing in July, with employers adding just 73,000 jobs, well below expectations, while May and June payrolls were revised…
System Liquidity Interbank liquidity rose sharply to ₦2.26tn from ₦1.21tn ahead of tomorrow’s NTB auction. However, funding costs increased, with the average rate up 60bps to 27.35%, the OPR up…
System Liquidity System liquidity fell to a ₦1.21tn surplus on reduced DBM participation at the CBN’s SDF window, keeping funding rates elevated with the OPR at 26.5% and the O/N…