MPC HIGHLIGHT – NOVEMBER 2024
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its final meeting for 2024 today and decided to increase the benchmark interest rate by 25 bps…
FINANCIAL MARKETS TODAY – 25 November 2024
Money Market System liquidity remained weak and continued to be negative, although there was a slight improvement compared to the closing figures from the previous week. As a result, the…
Q3 2024 GDP Highlights
NIGERIA’S GDP GREW AT 3.46% IN Q3’24 YoY The Nigerian GDP report for Q3 2024 revealed a growth rate of 3.46% year-on-year, an improvement from the 3.19% recorded in Q2.…
FINANCIAL MARKETS WEEKLY – 22 NOVEMBER 2024
Money Markets System liquidity began on a strong note; however, debits due to the FGN bond (c.₦346 billion) and NTB auctions (Net withdrawal around ₦83.04 billion), along with the settlement…
FINANCIAL MARKETS TODAY – 21 November 2024
Money Market Liquidity in the system weakened due to the settlement of the NTB auction which resulted in a net debit of ₦83.04 billion. As a result, interbank rates rose…
FINANCIAL MARKETS TODAY – 20 November 2024
Money Market System liquidity declined significantly today due to the settlement of the FGN bond auction winnings, which amounted to c.₦346 billion, and the CBN’s FX intervention settlement. As a…
FINANCIAL MARKETS TODAY – 19 November 2024
Money Market Today, system liquidity decreased but maintained a fairly liquid position, bolstered slightly by Swap maturities and OMO maturities of c.₦6.38 billion, despite the settlement of CBN’s FX interventions.…
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%…
