FINANCIAL MARKETS TODAY – 24 December 2024
Money Market System liquidity declined despite the FAAC disbursements, as the CBN conducted CRR debit activities yesterday, which reduced liquidity. However, interbank rates eased. The Overnight Policy Rate (OPR) fell by 10 bps to 26.83%, while the…
FINANCIAL MARKETS TODAY – 23 December 2024
Money Market System liquidity experienced a notable improvement, driven by inflows from derivatives, the signature Bonus, and other disbursements from the CBN. Consequently, interbank rates eased significantly, with the Overnight Policy Rate (OPR)…
FINANCIAL MARKETS WEEKLY – 20 DECEMBER 2024
Money Markets System liquidity remained negative throughout the week despite inflows from statutory revenue, FAAC, and the signature bonus. Elevated liquidity outflows kept interbank rates high, including the FGN bond auction settlement (₦211 billion),…
FINANCIAL MARKETS TODAY – 19 December 2024
Money Market System liquidity improved as additional FAAC inflows were credited to the system. However, the system remained in a deficit. As a result, interbank rates remained elevated, with the Overnight Policy Rate (OPR) recorded at 32.29% and the…
FINANCIAL MARKETS TODAY – 18 December 2024
Money Market System liquidity continued to be negative but experienced some relief as statutory revenue inflows helped alleviate the illiquidity. However, interbank rates stayed high due to the FGN bond auction settlement of c.₦211 billion, FX…
FINANCIAL MARKETS TODAY – 17 December 2024
Money Market Liquidity in the system showed some improvement but was still negative. Consequently, interbank rates remained high, with the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) settling at 32.33% and 32.75%, respectively. Outlook: We…
FINANCIAL MARKETS TODAY – 16 December 2024
Money Market System liquidity remained negative despite some inflows, including the signature bonus. Consequently, interbank rates continued to be elevated, with the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) closing at 32.22% and 32.81%,…
INFLATION WATCH – November 2024
Inflation Watch – Nigeria’s Inflation Hits 34.60% as Food and Transport Costs Soar Nigeria’s inflation rate accelerated in November 2024 to 34.60% y/y, up from 33.88% in October, marking the third consecutive monthly increase and the highest level…
FINANCIAL MARKETS WEEKLY – 13 DECEMBER 2024
Money Markets System liquidity experienced significant pressure throughout the week. This liquidity shortfall worsened after an OMO auction sold ₦1.559 trillion, far exceeding the ₦600 billion offered. As a result, interbank rates surged, with the…
FINANCIAL MARKETS TODAY – 12 December 2024
Money Market System liquidity deteriorated today following the net NTB auction settlement of ₦252.17 billion today. As a result, interbank rates remained elevated. Specifically, the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) settled at…
