FINANCIAL MARKETS TODAY – 15 January 2026
System Liquidity System liquidity improved to ₦2.13tn, supported by strong SDF placements and primary market repayments. Funding costs rose, with the OPR unchanged at 22.50% and the OVN increasing to close at 22.78%. Treasury Bills The NTB market closed…
INFLATION WATCH – December 2025
Headline Inflation Moderates to 15.15%, Amid Readjustment to 12-Month Average Nigeria’s headline inflation eased to 15.15% y/y in December 2025, down from 17.33% in November, according to the rebased data published by the National Bureau of Statistics…
FINANCIAL MARKETS TODAY – 14 January 2026
System Liquidity Banking system liquidity moderated to ₦2.07tn, reflecting a decline from the prior session despite higher SDF placements. Funding conditions tightened slightly, with the OPR steady at 22.50% and OVN closing higher at 22.71%. Treasury…
FINANCIAL MARKETS TODAY – 13 January 2026
System Liquidity System liquidity improved sharply to ₦2.21tn, driven by sizeable OMO maturities inflows despite SLF borrowings. Funding costs edged higher, with the OPR closing at 22.50% and the OVN rate rising to 22.70%. Treasury Bills The NTB market…
FINANCIAL MARKETS TODAY – 12 January 2026
System Liquidity System liquidity opened at ₦1.47tn, supported by primary market inflows despite lower SDF placements. Funding conditions eased, with the OPR closing at 22.50% and the OVN rate declining to 22.68%. Treasury Bills The NTB market traded…
MACRO ECONOMIC AND FINANCIAL MARKETS WEEKLY UPDATE – 9 JANUARY 2026
Base-Year Effect Festive Spending to Halt Disinflationary Trend in December; Headline CPI expected at a range of 31.4– 32.4%y/y In the week ahead, the National Bureau of Statistics (NBS will publish the Consumer Price Index (CPI) for the month of…
FINANCIAL MARKETS TODAY – 8 January 2026
System Liquidity Money market liquidity moderated, opening at ₦1.20tn, down ₦456.38bn d/d due to ₦1.14tn NTB settlement, partly offset by ₦514.25bn maturities. Funding costs eased, with OPR at 22.50% and OVN at 22.71%. Treasury Bills NTB secondary…
FINANCIAL MARKETS TODAY – 7 January 2026
System Liquidity Money market liquidity remained tight, opening at ₦1.66 trillion, pressured by reduced SDF placements and ₦235 billion SLF borrowing. NTB auction activity also weighed on liquidity, pushing average funding costs higher, with OVN closing…
2026 Economic & Market Outlook – From Stabilization to Sustainable Growth
Executive Summary The global economy in 2025 demonstrated resilience despite renewed trade tensions, geopolitical conflicts, and persistent inflationary pressures. The return of President Trump to office triggered successive tariff measures that elevated…
FINANCIAL MARKETS TODAY – 6 January 2026
System Liquidity System liquidity opened with a ₦4.12tn surplus, supported by ₦1.37tn OMO maturities despite SLF borrowing. The CBN’s OMO auction absorbed liquidity, while funding rates stayed stable, with OPR at 22.50% and OVN easing slightly. Treasury…
