FINANCIAL MARKETS TODAY – 09 January 2025
Money Market System liquidity opened lower today, entering negative territory due to the net settlement of the NTB auction winnings. As a result, interbank rates rose significantly. Specifically, the Overnight Policy Rate (OPR) increased by 2.67%,…
FINANCIAL MARKETS TODAY – 08 January 2025
Money Market System liquidity opened lower following the settlement of the OMO auction winnings. However, interbank rates decreased due to a lack of funding pressure. The Overnight Policy Rate (OPR) fell by 90bps to close at 27.00%, while the Overnight…
FINANCIAL MARKETS TODAY – 07 January 2025
Money Market System liquidity opened notably higher due to inflows from CRR refunds and OMO maturities (c.₦300 billion) today. To regulate the money supply, the CBN offered and sold a total of ₦500 billion in an OMO auction today. As a result, interbank…
FINANCIAL MARKETS TODAY – 06 January 2025
Money Market System liquidity opened lower but remained in positive territory. This decrease was due to the late CRR event that occurred last Friday. Nevertheless, in the absence of any major funding need, interbank rates dropped slightly. Specifically,…
FINANCIAL MARKETS TODAY – 02 January 2025
Money Market System liquidity opened the year on a positive note, and in the absence of any major funding need, interbank rates remained relatively stable. Specifically, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) printed at 26.69% and…
FINANCIAL MARKETS TODAY – 31 DECEMBER 2024
Money Markets System liquidity started off negative after the OMO auction settlement and net CRR debit activities from yesterday. As a result, interbank rates increased, with the Overnight Policy Rate (OPR) and Overnight Rate (O/N) trading between 28%…
FINANCIAL MARKETS TODAY – 30 DECEMBER 2024
Money Markets Liquidity in the system started much higher today, driven by significant Remita inflows from Friday. Consequently, interbank rates saw a slight decline, with the Overnight Policy Rate (OPR) recorded at 26.50%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 24 December 2024
Money Market System liquidity declined despite the FAAC disbursements, as the CBN conducted CRR debit activities yesterday, which reduced liquidity. However, interbank rates eased. The Overnight Policy Rate (OPR) fell by 10 bps to 26.83%, while the…
FINANCIAL MARKETS TODAY – 23 December 2024
Money Market System liquidity experienced a notable improvement, driven by inflows from derivatives, the signature Bonus, and other disbursements from the CBN. Consequently, interbank rates eased significantly, with the Overnight Policy Rate (OPR)…
FINANCIAL MARKETS TODAY – 19 December 2024
Money Market System liquidity improved as additional FAAC inflows were credited to the system. However, the system remained in a deficit. As a result, interbank rates remained elevated, with the Overnight Policy Rate (OPR) recorded at 32.29% and the…
