FINANCIAL MARKETS WEEKLY – 27 SEPTEMBER 2024
Money Markets System liquidity improved significantly this week, mainly due to inflows from FAAC, FGN bond coupons, and the maturity of FGN Sukuk 2024. The major highlight for the week…
FINANCIAL MARKETS TODAY – 26 September 2024
Money Market Opening system liquidity improved today, supported by FGN Sukuk 2024 maturity. However, the interbank rates closed higher due to the OMO auction sale during the day. Specifically, the…
FINANCIAL MARKETS TODAY – 25 September 2024
Money Market Opening system liquidity declined today due to debits for the FGN bond auction. The interbank rates showed mixed numbers, with the Open Repo Rate (OPR) decreasing by 5…
FINANCIAL MARKETS TODAY – 24 September 2024
Money Market Opening system liquidity improved further today as more credits entered the system. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 18bps and 8bps…
MPC HIGHLIGHT – SEPTEMBER 2024
At today’s MPC meeting, the committee reaffirmed its hawkish stance by increasing the benchmark interest rate by 50 basis points to 27.25%. Despite the widely anticipated decision to maintain the…
FINANCIAL MARKETS TODAY – 23 September 2024
Money Market Opening system liquidity improved today due to FAAC credits, leading to significant declines in interbank rates. Specifically, the Open Repo Rate (OPR) decreased by 9.54% to 20.15%, and…
FINANCIAL MARKETS WEEKLY – 20 SEPTEMBER 2024
Money Markets System liquidity improved this week compared to the previous week, supported by OMO maturities and FGN bond coupon inflows. However, it remained negative, with most Deposit Money Banks…
FINANCIAL MARKETS TODAY – 19 September 2024
Money Market System liquidity deteriorated today as more DMBs increased exposure to the SLF window. As a result, the Open Repo Rate (OPR) increased by 17 bps to 31.45%, and…
FINANCIAL MARKETS TODAY – 18 September 2024
Money Market Coupon inflows from FGN bonds mainly drove the improvement in system liquidity today. Despite fewer DMBs exposed to the SLF window, the interbank rates increased. The Open Repo…
FINANCIAL MARKETS TODAY – 17 September 2024
Money Market System liquidity improved today, although it remained in the negative territory. Inflows from OMO maturities and FGN bond coupons drove the mild improvement. As a result, the Open…
