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Money Markets Interbank liquidity remained in negative territory throughout the week, driven by CRR debits and subsequent liquidity constraints. Despite inflows for oil-producing states, market illiquidity persisted, keeping interbank rates…
Money Market Interbank liquidity deteriorated further today, plunging deeper into negative territory after the net NTB settlement of c.₦516.59 billion. Consequently, interbank rates remained high, with the Overnight Policy Rate…
Money Market Interbank liquidity worsened today, sinking deeper into negative territory. As a result, interbank rates edged higher, with the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increasing by…
Money Market Interbank liquidity started lower today after pending CRR debits were settled. Despite inflows for oil-producing states, market illiquidity persisted, keeping rates elevated. The Overnight Policy Rate (OPR) climbed…
Global Macroeconomic Review United States: The U.S. economy in early 2025 showed mixed signals. Manufacturing rebounded after 27 months, with the ISM Manufacturing PMI improving, while the ISM Services PMI…
Money Market Interbank liquidity improved slightly today but remained in negative territory due to last Friday’s CRR activity. However, interbank rates edged higher, with the Overnight Policy Rate (OPR) rising…
Money Markets Interbank liquidity remained positive throughout the week, supported by OMO maturities and FAAC inflows. As a result, interbank rates initially declined, with the Overnight Policy Rate (OPR) and…
Money Market Interbank liquidity significantly improved today, but the market tightened following the CBN’s OMO auction. The CBN offered ₦600 billion across two long-dated papers, with subscriptions reaching ₦1.877 trillion…
Money Market Interbank liquidity saw a notable improvement and remained positive. However, the Overnight Policy Rate (OPR) rose by 8 bps to 26.50%, and the Overnight Rate (O/N) increased by…
Money Market Interbank liquidity stayed positive and stable, keeping interbank rates unchanged. The Overnight Policy Rate (OPR) and the Overnight Rate (O/N) held steady at 26.42% and 26.83%, respectively. Outlook:…
