FINANCIAL MARKETS TODAY – 11 December 2024
Money Market System liquidity remained negative as more deposit money banks (DMBs) continued to rely heavily on the Central Bank of Nigeria’s (CBN’s) standing lending facility (SLF) window to fund their operations. Consequently, interbank…
FINANCIAL MARKETS TODAY – 10 December 2024
Money Market System liquidity fell deeper into negative territory, primarily due to yesterday’s OMO auction settlement debit of ₦1.559 trillion. As a result, interbank rates rose further, with the Overnight Policy Rate (OPR) increasing by 0.68% to…
FINANCIAL MARKETS TODAY – 09 December 2024
Money Market The week began with a deficit in system liquidity, attributed to the debit of ₦772.93 billion from the OMO auction settlement and CBN’s CRR operations last Friday. This liquidity shortfall was further worsened by today’s OMO…
FINANCIAL MARKETS WEEKLY – 06 DECEMBER 2024
Money Markets System liquidity improved significantly this week, driven by FAAC disbursements, remita inflows, and other market credits. This led to a decline in interbank rates, with the Overnight Policy Rate (OPR) and Overnight Rate (O/N) easing to…
FINANCIAL MARKETS TODAY – 05 December 2024
Money Market System liquidity remained strong but experienced a slight decline due to the settlement of the NTB auction (net debit of ₦173.44 billion). Consequently, interbank rates increased, with the Overnight Policy Rate (OPR) rising by 50 bps to…
Monthly Financial Market Update – November 2024
Global Macroeconomic Review United States: In the third quarter of 2024, the U.S. economy demonstrated notable resilience, growing by 2.8% thanks to strong consumer spending and increased business investment in equipment. This uptick in consumer…
FINANCIAL MARKETS TODAY – 04 December 2024
Money Market Increased inflows improved interbank liquidity further today. As a result, interbank rates relaxed further, with the Overnight Policy Rate (OPR) dropping by 20 bps to 26.36% and the Overnight Rate (O/N) decreasing by 40 bps to 26.71%.…
FINANCIAL MARKETS TODAY – 03 December 2024
Money Market System liquidity improved further today due to additional inflows. Consequently, interbank rates eased further, with the Overnight Policy Rate (OPR) decreasing by 62 bps to 26.56% and the Overnight Rate (O/N) falling by 78 bps to 27.11%.…
FINANCIAL MARKETS TODAY – 02 December 2024
Money Market System liquidity improved significantly, supported by outstanding FAAC disbursements, remita inflows, and other inflows credited into the market. As a result, the interbank rates eased; specifically, the Overnight Policy Rate (OPR) decreased…
FINANCIAL MARKETS WEEKLY – 29 NOVEMBER 2024
Money Markets System liquidity started on a low note with a deficit of c.₦ 269 billion. It stayed in a deficit for most of the week, even with substantial inflows from FAAC. However, this was insufficient to enhance market liquidity significantly due to…
