FINANCIAL MARKETS TODAY – 28 October 2024
Money Market System liquidity improved today, bolstered by inflows from the FGN Bond coupon amounting to ₦259.35 billion. However, rates are still hovering around 27% due to the settlement related to the CBN’s foreign exchange intervention.…
FINANCIAL MARKETS TODAY – 24 October 2024
Money Market System liquidity improved slightly as FAAC credits have begun to come in gradually. However, the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) increased by 1.28% and 1.30%, reaching 31.69% and 32.08%, respectively. Outlook: : We…
FINANCIAL MARKETS TODAY – 23 October 2024
Money Market System liquidity declined today due to the FGN bond auction debit. However, the Overnight Policy Rate (OPR) and the Overnight Rate (O/N) fell by 1.95% and 1.83%, settling at 30.41% and 30.78%, respectively. Outlook: We anticipate that the…
FINANCIAL MARKETS TODAY – 22 October 2024
Money Market System liquidity showed a slight improvement but remained negative. Nonetheless, the Overnight Policy Rate (OPR) and Overnight Rate (O/N) increased by 11 bps, closing at 32.36% and 32.61%, respectively. Outlook: We anticipate that interbank…
FINANCIAL MARKETS TODAY – 17 October 2024
Money Market Opening system liquidity improved today, with fewer players exposed to CBN’s SLF window. As a result, funding rates experienced a slight decline. Specifically, the Open Repo Rate (OPR) decreased by 22 bps to 32.28%, while the Overnight…
FINANCIAL MARKETS TODAY – 16 October 2024
Money Market Liquidity in the financial system remained very tight as it further plunged into negative territory today. Funding costs across banks also increased as a result. Specifically, the Open Repo Rate (OPR) and the Overnight Rate (O/N) rose by 20…
FINANCIAL MARKETS TODAY – 15 October 2024
Money Market System liquidity improved, although it remained negative, with over ₦1.5 trillion exposed to the CBN’s SLF window. Despite this, the Open Repo Rate (OPR) increased by 11 bps to 32.30%, while the Overnight Rate (O/N) settled at 32.68%.…
FINANCIAL MARKETS TODAY – 14 October 2024
Money Market Opening system liquidity plunged further into negative territory, bolstered by Friday’s OMO sale of over ₦900 billion. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 17 bps and 33 bps to 32.19% and…
FINANCIAL MARKETS TODAY – 10 October 2024
Money Market Opening system liquidity plunged into negative territory, with over ₦1 trillion borrowed from the CBN’s SLF window. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 13 bps and 15 bps to 32.03% and 32.40%,…
FINANCIAL MARKETS TODAY – 09 October 2024
Money Market Opening system liquidity improved significantly, supported by OMO maturities. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 49bps and 56bps to 31.90% and 32.25%, respectively. Outlook: We expect the interbank…
