FINANCIAL MARKETS TODAY – 6 August 2025
System Liquidity System liquidity swung sharply into a deficit of ₦1.6 trillion from a previous surplus of ₦2.3 trillion due to the recent OMO auction settlement. Despite this, the Overnight Policy Rate (OPR) and Overnight (O/N) rate declined by 60bps…
FINANCIAL MARKETS TODAY – 5 August 2025
System Liquidity Interbank liquidity rose sharply to ₦2.26tn from ₦1.21tn ahead of tomorrow’s NTB auction. However, funding costs increased, with the average rate up 60bps to 27.35%, the OPR up 50bps to 27.50%, and the O/N rate up 70bps to 27.20%.…
FINANCIAL MARKETS TODAY – 4 August 2025
System Liquidity System liquidity fell to a ₦1.21tn surplus on reduced DBM participation at the CBN’s SDF window, keeping funding rates elevated with the OPR at 26.5% and the O/N rate at 27.0% Treasury Bills The NTB secondary market opened the week…
FINANCIAL MARKETS TODAY – 31 July 2025
System Liquidity System liquidity improved by ₦242.1bn to ₦1.5tn, barring significant funding activities. Funding rates were mixed, as the OPR fell 10bps to 26.4% while the Overnight rate inched up 10bps to 26.98%. Treasury Bills The NTB secondary market…
FINANCIAL MARKETS TODAY – 30 July 2025
System Liquidity Despite the ₦185.9bn bond settlement, the system liquidity increased by ₦155.7bn to ₦1.3tn, largely driven by ₦459.0bn increase in SDF. As such, the Overnight Policy Rate (OPR) sustained 26.5% level, while the Overnight (O/N) rate dipped…
FINANCIAL MARKETS TODAY – 29 July 2025
System Liquidity System liquidity dipped by ₦874.3bn to ₦1.1tn, largely driven by the settlement of the previous session’s OMO auction despite a coupon inflow of ₦41.3bn. However, the Overnight Policy Rate (OPR) closed flat at 26.50%, while the Overnight…
FINANCIAL MARKETS TODAY – 28 July 2025
System Liquidity System liquidity opened the day stronger, rising by ₦648.7bn to ₦1.99tn. However, the Overnight Policy Rate (OPR) closed flat at 26.50%, while the Overnight (O/N) rate inched up by 8bps to 27.00%. Treasury Bills The Treasury bills…
FINANCIAL MARKETS TODAY – 24 July 2025
System Liquidity FAAC inflows and coupon payments improved the system liquidity significantly by ₦1.18 trillion. Funding rates dropped significantly, with the Overnight Policy Rate (OPR) falling by 475bps to 26.5%, and the Overnight (O/N) rate declining…
FINANCIAL MARKETS TODAY – 23 July 2025
System Liquidity System liquidity remains in deficit but improved by reduced SLF funding and coupon inflow. Funding rates funding rates moderated, with the OPR falling by 125bps to 31.25%, and O/N rate declining by 108bps to 31.67% Treasury Bills The…
FINANCIAL MARKETS TODAY – 22 July 2025
System Liquidity System liquidity remains in deficit despite the coupon inflow of about ₦74.34 billion. Funding rates were mixed, with OPR rosing 8bps to 32.50%, while the O/N shed 8bps to 32.75%. Treasury Bills The Treasury Bills secondary market…
