MPC HIGHLIGHT – JULY 2025
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 301st meeting on July 21–22, 2025 and unanimously decided to retain all monetary policy parameters unchanged.…
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 301st meeting on July 21–22, 2025 and unanimously decided to retain all monetary policy parameters unchanged.…
Rebased GDP Data: Nigeria Economy Kick-Start 2025 on Promising Note Amidst Mixed Sector Performance Nigeria’s economy grew by 3.13% YoY in Q1 2025, higher than the 2.27%growth recorded in Q1…
System Liquidity Despite a ₦90.59 billion bond coupon inflow, interbank liquidity remained tight. OPR rose 9bps to 32.42%, and O/N climbed 16bps to 32.83%. Treasury Bills Market activity was subdued…
System Liquidity System liquidity remained tight due to AMCON and CBN FX settlements, deepening the market into a ₦724.74 billion debit. Despite a ₦65.36 billion bond coupon inflow, rates stayed…
System Liquidity Tight interbank liquidity persisted following CBN FX settlements and bank obligations. Rates stayed elevated with OPR and O/N rates climbing to 32.42% and 32.75%. Treasury Bills T-Bills traded…
System Liquidity Liquidity remained tight, keeping interbank rates elevated. The Overnight Policy Rate (OPR) edged up by 8bps to 32.25%, while the Overnight (O/N) rate dipped slightly by 9bps to…
Inflation Watch – Nigeria’s Inflation Falls to 22.22% in June, Third Monthly Drop Nigeria’s inflation rate declined for the third consecutive month in June 2025, settling at 22.22% y/y. This…
System Liquidity Liquidity tightened as banks settled AMCON obligations, deepening the market’s debit position. Interbank rates remained elevated, with OPR rising by 67bps to 32.17% and O/N increasing by 50bps…
System Liquidity Liquidity conditions worsened due to CRR debits, a massive ₦1.25tn OMO auction, and CBN FX settlements. Despite temporary relief from NTB redemptions and FPI inflows, interbank rates rose…
System Liquidity FPI inflows and NTB maturities eased tight liquidity from the ₦1.2tn OMO settlement. OPR dropped 25bps to 29.50%, O/N dipped 34bps to 30.08%, keeping rates within the 29–30%…