INFLATION WATCH – June 2025
Inflation Watch – Nigeria’s Inflation Falls to 22.22% in June, Third Monthly Drop Nigeria’s inflation rate declined for the third consecutive month in June 2025, settling at 22.22% y/y. This…
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Inflation Watch – Nigeria’s Inflation Falls to 22.22% in June, Third Monthly Drop Nigeria’s inflation rate declined for the third consecutive month in June 2025, settling at 22.22% y/y. This…
System Liquidity Liquidity tightened as banks settled AMCON obligations, deepening the market’s debit position. Interbank rates remained elevated, with OPR rising by 67bps to 32.17% and O/N increasing by 50bps…
System Liquidity Liquidity conditions worsened due to CRR debits, a massive ₦1.25tn OMO auction, and CBN FX settlements. Despite temporary relief from NTB redemptions and FPI inflows, interbank rates rose…
System Liquidity FPI inflows and NTB maturities eased tight liquidity from the ₦1.2tn OMO settlement. OPR dropped 25bps to 29.50%, O/N dipped 34bps to 30.08%, keeping rates within the 29–30%…
System Liquidity CBN’s ₦600bn OMO auction drew ₦2.17tn in bids, allotting ₦1.25tn. Liquidity tightened sharply, pushing OPR to 29.75% (+100bps) and O/N to 30.42% (+109bps). Treasury Bills Quiet trading followed…
System Liquidity Interbank liquidity tightened sharply, driving funding rates to 29–30%. The OPR jumped 200bps to 28.75%, while O/N rate rose 208bps to 29.33%. Treasury Bills Bullish momentum persisted with…
System Liquidity Liquidity tightened due to CRR debits, keeping funding rates elevated. OPR eased to 26.75% (-8bps) and O/N rate fell to 27.25% (-17bps). Treasury Bills Investor demand shifted to…
Global Macroeconomic Review United States: The US Labor markets have begun showing unmistakable signs of fatigue, with employers adding a disappointing 139,000 jobs in May, falling well short of market…
System Liquidity Liquidity started strong but tightened midweek due to a ₦600bn OMO auction and corporate tax remittances. CBN’s CRR debits later drained liquidity, spiking rates to 29%. Week-on-week, OPR…
System Liquidity The interbank market was quiet with no significant funding movements. Liquidity remained stable, keeping the OPR and O/N rates unchanged at 26.50% and 27.00%, respectively. Treasury Bills Bullish…