FINANCIAL MARKETS TODAY – 26 May 2025
System Liquidity CBN absorbed excess liquidity via ₦600bn OMO auction after SRA inflows. Despite strong demand and CRR debits, interbank rates stayed stable near 26.5%. Treasury Bills Market opened calm, with mild bullish sentiment in July, August, and…
FINANCIAL MARKETS WEEKLY – 23 MAY 2025
System Liquidity Interbank liquidity stayed strong and stable, keeping OPR and O/N rates around 26.5%. The CBN’s OMO auction was oversubscribed despite midweek tightening. System liquidity fell slightly week on week amid OMO maturities, bond inflows, and…
FINANCIAL MARKETS TODAY – 22 May 2025
System Liquidity Interbank liquidity improved, remaining positive despite NTB auction settlement. This stability kept the Overnight Policy Rate at 26.50%, while the Overnight (O/N) rate rose slightly by 6bps to 26.96%. Treasury Bills NTB secondary market…
FINANCIAL MARKETS TODAY – 21 May 2025
System Liquidity Liquidity remained positive despite OMO settlement pressure, keeping interbank rates stable. The Overnight Policy Rate held at 26.50%, while the Overnight (O/N) rate dipped slightly by 5bps to 26.90%. Treasury Bills The T-bills market…
FINANCIAL MARKETS TODAY – 20 May 2025
System Liquidity The MPC held all policy rates unchanged. Liquidity improved via ₦1.14 trillion OMO maturities, prompting a ₦500 billion OMO auction, which saw strong demand. Interbank rates stayed stable with OPR and O/N rates at 26.50% and 26.95%.…
MPC HIGHLIGHT – MAY 2025
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 300th meeting on May 19–20, 2025, and unanimously decided to retain all monetary policy parameters unchanged. This marks the second consecutive hold on the Monetary Policy…
FINANCIAL MARKETS TODAY – 19 May 2025
System Liquidity Interbank liquidity remained ample with no major funding pressures. Consequently, the OPR and O/N rates held steady at 26.50% and 26.96%, respectively. Treasury Bills Activity was muted in NTBs, though long-dated OMO bills—especially the…
FINANCIAL MARKETS WEEKLY – 16 MAY 2025
System Liquidity System liquidity opened strong but tightened midweek due to CRR and FX settlements. Bond coupon inflows later boosted liquidity, pulling OPR and O/N rates down to 26.50% and 26.96%, respectively, by week’s end. Treasury Bills Market…
FINANCIAL MARKETS TODAY – 15 May 2025
System Liquidity Liquidity improved after ₦175bn FGN coupon and CBN inflows. OPR dropped 165bps to 26.85%, and O/N rate fell 202bps to 27.40%. Treasury Bills The market was mixed; 07-May NTB sold off, rising 5bps, while longer-dated OMO papers gained…
INFLATION WATCH – April 2025
Inflation Watch – Base Effect, Lower Food Costs Pull Nigeria’s Inflation Down to 23.71% Nigeria’s headline inflation rate fell to 23.71% in April 2025, down from 24.23% in March, according to the National Bureau of Statistics (NBS). This 0.52…
