FINANCIAL MARKETS TODAY – 18 November 2024
Money Market Today, opening system liquidity declined but remained strong. Nonetheless, the Overnight Policy Rate (OPR) fell by 91bps to 25.18%, while the Overnight Rate (O/N) decreased by 1.19% to…
FINANCIAL MARKETS WEEKLY – 15 NOVEMBER 2024
Money Markets The week started with system liquidity showing a deficit of c.₦60 billion, remaining negative throughout most of the week. However, by the week’s end, it improved to a…
INFLATION WATCH – October 2024
Inflation Watch – Economic Strain Intensifies as Inflation Climbs Again to 33.88% in Nigeria In October 2024, Nigeria’s inflation rate rose to 33.88% y/y, surpassing the estimated rate of 33.10%…
FINANCIAL MARKETS TODAY – 14 November 2024
Money Market System liquidity worsened further within the deficit zone, leading to a 25 bps increase in the Overnight Policy Rate (OPR) to 32.18%, while the Overnight Rate (O/N) rose…
FINANCIAL MARKETS TODAY – 13 November 2024
Money Market System liquidity declined further into negative territory. Nonetheless, the Overnight Policy Rate (OPR) declined by 10bps to 31.93%, while the Overnight Rate (O/N) fell by 12bps to 32.48%.…
FINANCIAL MARKETS TODAY – 12 November 2024
Money Market System liquidity worsened due to some CRR debits, causing interbank rates to trend upward. Specifically, the Overnight Policy Rate (OPR) increased by 1.60% to 32.03%, while the Overnight…
FINANCIAL MARKETS TODAY – 11 November 2024
Money Market System liquidity remained negative but showed signs of improvement due to inflows from Remita and net CRR credits. As a result, funding rates eased; specifically, the Overnight Policy…
FINANCIAL MARKETS WEEKLY – 08 NOVEMBER 2024
Money Markets System liquidity opened with a credit of ₦398.31 billion but saw a significant decrease of ₦923.80 billion, to close in a deficit of ₦525.49 billion. This sharp decline…
FINANCIAL MARKETS TODAY – 07 November 2024
Money Market System liquidity stayed negative, though it showed slight improvement. Due to the tight market liquidity, funding rates across banks remained high. Consequently, the Overnight Policy Rate (OPR) increased…
FINANCIAL MARKETS TODAY – 06 November 2024
Money Market Following the OMO auction debit, system liquidity plunged further into negative territory, causing a significant surge in interbank rates. Specifically, the Overnight Policy Rate (OPR) rose by 2.09%…
