FINANCIAL MARKETS TODAY – 20 March 2025
Money Market Interbank liquidity deteriorated further today, even with FGN coupon inflows of c.₦254.8 billion, as the NTB auction settlement drained liquidity from the system. This kept interbank rates elevated, with the Overnight Policy Rate (OPR) and…
FINANCIAL MARKETS TODAY – 19 March 2025
Money Market Interbank liquidity worsened today due to a lack of significant inflows, keeping rates elevated. The Overnight Policy Rate (OPR) and Overnight Rate (O/N) closed at 32.40% and 32.90%, respectively. Outlook: Given current liquidity levels and…
FINANCIAL MARKETS TODAY – 18 March 2025
Money Market Interbank liquidity deteriorated significantly today, even with inflows from FGN bond coupons, leading to a rise in interbank rates. The Overnight Policy Rate (OPR) climbed by 8 bps to 32.50%, while the Overnight Rate (O/N) increased by 5…
FINANCIAL MARKETS TODAY – 17 March 2025
Money Market Interbank liquidity improved slightly today, bolstered by FGN bond coupons but stayed in negative territory, keeping rates elevated. The Overnight Policy Rate (OPR) increased by 2 bps to 32.42%, while the Overnight Rate (O/N) rose by 3 bps…
FINANCIAL MARKETS TODAY – 13 March 2025
Money Market Interbank liquidity deteriorated further today, plunging deeper into negative territory after the net NTB settlement of c.₦516.59 billion. Consequently, interbank rates remained high, with the Overnight Policy Rate (OPR) and Overnight Rate…
FINANCIAL MARKETS TODAY – 12 March 2025
Money Market Interbank liquidity worsened today, sinking deeper into negative territory. As a result, interbank rates edged higher, with the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increasing by 8 bps to 32.33% and 32.75%, respectively.…
FINANCIAL MARKETS TODAY – 11 March 2025
Money Market Interbank liquidity started lower today after pending CRR debits were settled. Despite inflows for oil-producing states, market illiquidity persisted, keeping rates elevated. The Overnight Policy Rate (OPR) climbed by 35 bps to 32.25%, while…
FINANCIAL MARKETS TODAY – 10 March 2025
Money Market Interbank liquidity improved slightly today but remained in negative territory due to last Friday’s CRR activity. However, interbank rates edged higher, with the Overnight Policy Rate (OPR) rising by 4.82% to 31.90% and the Overnight Rate…
FINANCIAL MARKETS TODAY – 06 March 2025
Money Market Interbank liquidity significantly improved today, but the market tightened following the CBN’s OMO auction. The CBN offered ₦600 billion across two long-dated papers, with subscriptions reaching ₦1.877 trillion and allotments totaling…
FINANCIAL MARKETS TODAY – 05 March 2025
Money Market Interbank liquidity saw a notable improvement and remained positive. However, the Overnight Policy Rate (OPR) rose by 8 bps to 26.50%, and the Overnight Rate (O/N) increased by 9 bps to 26.92%. Outlook: We expect interbank rates to remain…
