FINANCIAL MARKETS TODAY – 20 May 2026
System Liquidity System liquidity remained strong, opening at a surplus of ₦6.21tn, supported mainly by CBN SDF placements and PMA repayments. Despite the MPC retaining the MPR at 26.5%, the NOFR stayed stable at 22.0%. Market expects rates to remain…
MPC HIGHLIGHT – MAY 2026
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 305th meeting on May 19 and 20, 2026, where it reviewed key developments in the domestic and global economic environment.
FINANCIAL MARKETS TODAY – 19 May 2026
System Liquidity Liquidity opened significantly higher at ₦5.97tn, driven mainly by large SDF placements and minor OMO maturities. Despite the surplus, the NOFR held steady at 22.00%. Liquidity is expected to remain elevated in the next session barring…
INFLATION WATCH – April 2026
Inflation Accelerate Year-on-Year Despite Ongoing Month-on-Month Disinflation Nigeria’s headline inflation rose to 15.69% (YoY) in April 2026, compared to 15.38% in March 2026, representing an increase of 0.31 percentage points…
FINANCIAL MARKETS TODAY – 14 May 2026
System Liquidity Liquidity opened slightly lower at ₦5.29tn, down ₦42.54bn from the previous day, supported mainly by ₦5.06tn in CBN SDF placements. Funding conditions stayed stable as the NOFR held at 22.0%. Looking ahead, funding rates may ease…
FINANCIAL MARKETS TODAY – 04 May 2026
System Liquidity System liquidity opened the week stronger at ₦5.56 trillion, rising by ₦601.73 billion due mainly to heavy deposit money bank placements at the CBN’s Standing Deposit Facility. Despite this surplus, the Nigerian Overnight Financing Rate…
FINANCIAL MARKETS TODAY – 29 April 2026
System Liquidity The banking system opened with a liquidity surplus of ₦5.79 trillion, down by ₦1.99 trillion from the previous session. The decline was mainly due to ₦276.79 billion outflow for Monday’s auction settlement, partially offset by ₦5.30…
FINANCIAL MARKETS TODAY – 23 April 2026
System Liquidity System liquidity remained strongly in surplus but declined to ₦3.84trn (from ₦3.95trn), driven mainly by ₦894.16bn auction settlement outflows, which outweighed inflows from NTB maturities. Despite the drop in liquidity, funding rates…
FINANCIAL MARKETS TODAY – 22 April 2026
System Liquidity System liquidity opened in surplus at ₦3.95trn slightly lower day on day with strong SDF placements at ₦3.86trn, while funding costs eased as OVN declined 4bps to 22.25%; OMO auction saw heavy demand with ₦2.22trn subscription vs ₦600bn…
FINANCIAL MARKETS TODAY – 16 April 2026
System Liquidity System liquidity opened with a surplus of ₦3.82 trillion, supported by ₦3.75 trillion in DMB placements at the CBN’s SDF and ₦535.61 million in primary market repayments, partly offset by ₦28.00 billion SLF borrowing. Despite the…
