FINANCIAL MARKETS TODAY –29 September 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened slightly higher with a balance of ca ₦48.40 billion, compared to the previous day’s opening of ca ₦47.01 billion. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) both…
FINANCIAL MARKETS TODAY –28 September 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened at ca ₦47.01 billion, lower than the previous day’s opening of ca ₦213.13 billion. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) trended higher to settle at 16.17% and…
FINANCIAL MARKETS TODAY –27 September 2022
FIXED INCOME MARKET Money Market Interbank system liquidity opened the day with a credit balance of ca ₦213.13 billion compared to yesterday’s opening balance of ₦26.59 billion. Thus, the Overnight Policy Rate (OPR) trended lower to settle at 14.00% from…
MPC HIGHLIGHT – SEPTEMBER 2022
The Monetary Policy Committee (MPC) concluded its 2-day meeting today and raised the benchmark interest rate by 150bps, from 14.00% to 15.50%. Please see below, a summary of the committee’s decisions: MPR increased to 15.50% from 14.00% CRR increased to…
FINANCIAL MARKETS TODAY –26 September 2022
FIXED INCOME MARKET FIXED INCOME MARKET Money Markets Interbank system liquidity improved today, opening with a balance of ₦26.59 billion, higher than Friday’s negative balance of ca -₦169.99 billion. Thus, the Overnight Policy Rate (OPR) and Overnight…
FINANCIAL MARKETS TODAY –23 September 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity remained in negative territory, with an opening balance of c.-₦169.99 billion. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) trended higher to settle at 14.83% and 15.00%…
FINANCIAL MARKETS TODAY –22 September 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened lower with a deficit balance of ca ₦201.95 billion compared to yesterday’s opening balance of ca -₦71.31 billion. Thus, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) trended…
FINANCIAL MARKETS TODAY –21 September 2022
FIXED INCOME MARKET Interbank system liquidity opened c.₦71.31 billion short, significantly lower than yesterday’s opening balance of c.₦128.17 billion due to the bond auction settlement. Consequently, the Overnight Policy Rate (OPR) and Overnight Rate…
FINANCIAL MARKETS TODAY –20 September 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity improved today, opening with a credit balance of c.₦128.17 billion, compared to yesterday’s opening balance of c.₦28.28 billion. However, the Overnight Policy Rate (OPR) and Overnight Rate…
FINANCIAL MARKETS TODAY –19 September 2022
FIXED INCOME MARKET Money Markets Interbank system liquidity opened significantly lower at ca ₦25.50 billion long ( due to last week’s Retail FX auction and CRR debits), compared to ca ₦236.67 billion recorded on Friday. Thus, the Overnight Policy Rate…
