FINANCIAL MARKETS TODAY – 28 January 2025
Money Market Interbank liquidity continued to improve today, bolstered by inflows via CRR credits and OMO maturities, thus leading to a further easing in interbank rates. Specifically, the Overnight Policy Rate (OPR) fell by 8bps to 26.50%, while the…
FINANCIAL MARKETS TODAY – 27 January 2025
Money Market Interbank liquidity continued to improve today, leading to a further easing in interbank rates. Specifically, the Overnight Policy Rate (OPR) fell by 0.42% to 26.58%, while the Overnight Rate (O/N) decreased by 0.33% to 27.17%. Outlook:…
FINANCIAL MARKETS TODAY – 23 January 2025
Money Market Interbank liquidity showed a marginal improvement but continued to operate at a deficit, affected by the net NTB settlement debit of around ₦518.93 billion, which constrained market liquidity despite substantial statutory inflows. As a…
FINANCIAL MARKETS TODAY – 22 January 2025
Money Market Interbank liquidity started off lower, dipping into negative territory. However, as the day progressed, liquidity improved significantly due to the deposit of some FAAC payments and bond coupons. Consequently, interbank rates eased further.…
FINANCIAL MARKETS TODAY – 21 January 2025
Money Market Interbank liquidity experienced a significant recovery due to inflows from Remita, Net Cash Reserve Ratio (CRR) credits, and FGN bond coupons. Consequently, interbank rates decreased. Specifically, the Overnight Policy Rate (OPR) fell by…
FINANCIAL MARKETS TODAY – 20 January 2025
Money Market Interbank liquidity improved slightly due to inflows from the FGN bond coupon amounting to c.₦66 billion. However, this was not enough to shift liquidity into positive territory, as most participants continued to rely on the CBN’s SLF to…
FINANCIAL MARKETS TODAY – 16 January 2025
Money Market The liquidity within the interbank system showed some improvement, although it continues to be negative. Consequently, in the absence of any significant catalysts, interbank rates remained elevated. Specifically, the Overnight Policy Rate…
FINANCIAL MARKETS TODAY – 15 January 2025
Money Market Opening system liquidity experienced a decline today, moving further into negative territory, as outflows related to foreign exchange settlements and remita transactions contributed to further depletion of liquidity. As a result, interbank…
FINANCIAL MARKETS TODAY – 14 January 2025
Money Market System liquidity improved due to OMO maturities and substantial Remita inflows, although it remained in negative territory. Despite this, interbank rates stayed elevated. Specifically, the Overnight Policy Rate (OPR) decreased by 12 bps to…
FINANCIAL MARKETS TODAY – 13 January 2025
Money Market System liquidity significantly declined into negative territory today, starting the week on a lower note due to outflows from net CRR debit activities and swap rollovers last Friday. As a result, interbank rates saw a notable increase. The…
