FINANCIAL MARKETS WEEKLY – 11 OCTOBER 2024
Money Markets This week, system liquidity ended in a deficit due to various factors, such as CBN FX interventions, net CRR debits, CBN SWAP rollovers, and OMO auction settlements. The CBN’s OMO auction at the week’s end led to a ~33% rate…
FINANCIAL MARKETS WEEKLY – 04 OCTOBER 2024
Money Markets System liquidity started with a credit balance of around ₦709 billion but dropped by over ₦1.4 trillion. This decrease was caused by various factors including CBN’s FX intervention settlements, CRR activities, and OMO auction…
FINANCIAL MARKETS WEEKLY – 27 SEPTEMBER 2024
Money Markets System liquidity improved significantly this week, mainly due to inflows from FAAC, FGN bond coupons, and the maturity of FGN Sukuk 2024. The major highlight for the week was the increase in MPR by 50bps to 27.25% and the increment of the…
FINANCIAL MARKETS WEEKLY – 20 SEPTEMBER 2024
Money Markets System liquidity improved this week compared to the previous week, supported by OMO maturities and FGN bond coupon inflows. However, it remained negative, with most Deposit Money Banks (DMBs) relying on CBN’s standing Lending Facility…
FINANCIAL MARKETS WEEKLY – 13 SEPTEMBER 2024
FIXED INCOME MARKETS Money Markets System liquidity remained negative throughout the week, with most deposit money banks (DMBs) experiencing increasing exposure to the SLF window. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N)…
FINANCIAL MARKETS WEEKLY – 06 SEPTEMBER 2024
FIXED INCOME MARKETS Money Markets System liquidity started the week positive but decreased during the week, following the OMO auction settlement worth ₦459.60 billion. As a result, the Open Repo Rate (OPR) increased from 18.11% to 31.25%, while the…
FINANCIAL MARKETS WEEKLY – 30 AUGUST 2024
FIXED INCOME MARKETS Money Markets Despite the two consecutive OMO auctions with a total auction debit of ₦1.63 trillion, system liquidity maintained a significantly positive balance. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N)…
FINANCIAL MARKETS WEEKLY – 23 AUGUST 2024
FIXED INCOME MARKETS Money Markets Despite the outflows from NTB and FGN local bond auction settlements, FAAC credits and bond coupon led system liquidity to close the week with a positive balance. Consequently, the Open Repo Rate (OPR) and the Overnight…
FINANCIAL MARKETS WEEKLY – 16 AUGUST 2024
FIXED INCOME MARKETS Money Markets During the early part of the week, system liquidity was positive. As the week progressed, liquidity improved and resulted in a surplus balance from the middle of the week to the end. Consequently, the Open Repo Rate…
FINANCIAL MARKETS WEEKLY – 09 AUGUST 2024
FIXED INCOME MARKETS Money Markets System liquidity remained positive for most of the week but turned negative by the end of the week. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 778 bps and 791 bps to 33.39% and…
