FINANCIAL MARKETS TODAY – 07 October 2024
Money Market Opening system liquidity improved to start the week but remained in negative territory, keeping the interbank rates elevated. Specifically, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 5bps and 4bps to 32.28% and…
FINANCIAL MARKETS TODAY – 03 October 2024
Money Market System liquidity opened significantly lower today, with most participants relying on the SLF window to fund their operations. Interbank rates closed higher due to the OMO auction conducted today. Specifically, the Open Repo Rate (OPR) and…
FINANCIAL MARKETS TODAY – 02 October 2024
Money Market System liquidity opened lower today compared to the previous day. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 94 bps and 96 bps to 28.98% and 29.68%, respectively. Outlook: We anticipate that interbank…
FINANCIAL MARKETS TODAY – 30 September 2024
Money Market Opening system liquidity remained buoyant to end the month. Thus, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 140 bps and 130 bps to 28.03% and 28.72%, respectively. Outlook: We expect the interbank rates to continue to…
FINANCIAL MARKETS TODAY – 26 September 2024
Money Market Opening system liquidity improved today, supported by FGN Sukuk 2024 maturity. However, the interbank rates closed higher due to the OMO auction sale during the day. Specifically, the Open Repo Rate (OPR) and the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 25 September 2024
Money Market Opening system liquidity declined today due to debits for the FGN bond auction. The interbank rates showed mixed numbers, with the Open Repo Rate (OPR) decreasing by 5 bps to 20.28%, while the Overnight Rate (O/N) increased by 7 bps to…
FINANCIAL MARKETS TODAY – 24 September 2024
Money Market Opening system liquidity improved further today as more credits entered the system. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 18bps and 8bps to 20.33% and 20.88%, respectively. Outlook: We anticipate that…
FINANCIAL MARKETS TODAY – 23 September 2024
Money Market Opening system liquidity improved today due to FAAC credits, leading to significant declines in interbank rates. Specifically, the Open Repo Rate (OPR) decreased by 9.54% to 20.15%, and the Overnight Rate (O/N) decreased by 9.17% to 20.80%.…
FINANCIAL MARKETS TODAY – 19 September 2024
Money Market System liquidity deteriorated today as more DMBs increased exposure to the SLF window. As a result, the Open Repo Rate (OPR) increased by 17 bps to 31.45%, and the Overnight Rate (O/N) rose by 27 bps to 31.83%. Outlook: We expect the…
FINANCIAL MARKETS TODAY – 18 September 2024
Money Market Coupon inflows from FGN bonds mainly drove the improvement in system liquidity today. Despite fewer DMBs exposed to the SLF window, the interbank rates increased. The Open Repo Rate (OPR) rose by 82 bps to 31.28%, and the Overnight Rate…
