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Money Markets The interbank market opened the week with a robust liquidity surplus of ₦906.85 billion, supporting stable short-term rates. However, liquidity declined significantly by ₦603.81 billion to close at…
Money Market Interbank liquidity tightened sharply today after NTB auction settlements and substantial CBN FX outflows, pushing the Overnight Policy Rate (OPR) up 33bps to 26.83% and Overnight Rate (O/N)…
Money Market Interbank liquidity opened lower at ~₦341 billion but maintained a positive balance. Rates showed no material movement, as the Overnight Policy Rate (OPR) stabilized at 26.50% while the…
Money Market Interbank liquidity stayed strong despite a modest decline to ~₦757 billion, keeping rates steady—the Overnight Policy Rate (OPR) at 26.50% and Overnight Rate (O/N) at 26.94%. Outlook: Interbank…
Money Market Interbank liquidity remained robust, exceeding ₦900 billion in surplus, keeping rates stable—the Overnight Policy Rate (OPR) held at 26.50% and the Overnight Rate (O/N) at 26.95%. Outlook: Interbank…
Global Macroeconomic Review United States: The U.S. economy exhibited signs of cooling inflation in February 2025, with the Consumer Price Index (CPI) rising 0.2% m/m (2.80% y/y) and core CPI…
Money Markets The interbank market sustained robust liquidity throughout the week, largely driven by ₦651 billion in OMO maturities, which helped keep short-term rates stable despite CBN’s CRR debits. Early…
Money Market Interbank liquidity stayed strong, pushing both the Overnight Policy Rate (OPR) and Overnight Rate (O/N) down by 8 bps to 26.42% and 26.88%, respectively. Outlook: Interbank rates are…
Money Market Interbank liquidity remained robust, supported by ₦651 billion in OMO maturities, keeping rates stable—the Overnight Policy Rate (OPR) held at 26.50% and the Overnight Rate (O/N) at 26.96%.…
Money Markets The interbank market experienced notable liquidity fluctuations throughout the week. Early on, liquidity remained negative despite FAAC inflows, FGN bond maturities (₦562bn), and coupon payments (₦38bn), keeping the…
