System Liquidity System liquidity improved significantly, opening with a surplus of ₦2.58 trillion due to large inflows from bond and NTB maturities. This eased funding pressures, leading to a slight decline in average funding rates. Overnight and repo rates moderated, and funding costs are expected to remain range-bound in the near term. Treasury Bills The […]

System Liquidity System liquidity swung into a sharp deficit of ₦973.9bn, driven mainly by sizable OMO sales and SLF borrowings, despite SDF placements and bond coupon inflows. As a result, funding conditions tightened, with average funding cost rising to 22.65%. Treasury Bills The NTB market traded on a calm-to-bearish note ahead of the PMA, with […]

System Liquidity System liquidity opened in a strong surplus of ₦3.77tn, buoyed by a sizeable OMO repayment despite CBN liquidity sterilisation via OMO and SDF. Funding conditions remained stable, with OPR and OVN rates flat at elevated levels. Treasury Bills The NTB market remained calm-to-bearish amid cautious demand, as attention shifted to the OMO auction. […]

System Liquidity System liquidity improved, opening with a surplus of ₦2.24 trillion, supported by higher DMB placements at the CBN’s SDF and primary market repayments. Despite ample liquidity, average funding costs edged higher as overnight rates spiked slightly. Treasury Bills The NTB market traded quietly, supported by improved system liquidity. Most tenors closed unchanged, with […]

System Liquidity System liquidity improved to ₦2.13tn, supported by strong SDF placements and primary market repayments. Funding costs rose, with the OPR unchanged at 22.50% and the OVN increasing to close at 22.78%. Treasury Bills The NTB market closed calm to positive, supported by improved liquidity and softer inflation data. Most tenors were flat, while […]

System Liquidity Banking system liquidity moderated to ₦2.07tn, reflecting a decline from the prior session despite higher SDF placements. Funding conditions tightened slightly, with the OPR steady at 22.50% and OVN closing higher at 22.71%. Treasury Bills The NTB market remained calm to bearish as sell pressure dominated short- to mid-tenors, driving notable rate widening. […]

System Liquidity System liquidity improved sharply to ₦2.21tn, driven by sizeable OMO maturities inflows despite SLF borrowings. Funding costs edged higher, with the OPR closing at 22.50% and the OVN rate rising to 22.70%. Treasury Bills The NTB market traded calm to mixed, with buying interest at the long end driving rate compression on Jan-27 […]

System Liquidity System liquidity opened at ₦1.47tn, supported by primary market inflows despite lower SDF placements. Funding conditions eased, with the OPR closing at 22.50% and the OVN rate declining to 22.68%. Treasury Bills The NTB market traded mixed, supported by improved liquidity-driven demand on select bills, particularly Jan-27. Profit-taking on other maturities offset gains, […]

System Liquidity Money market liquidity moderated, opening at ₦1.20tn, down ₦456.38bn d/d due to ₦1.14tn NTB settlement, partly offset by ₦514.25bn maturities. Funding costs eased, with OPR at 22.50% and OVN at 22.71%. Treasury Bills NTB secondary trading was largely calm, with most maturities unchanged. Mild bearish pressure appeared at the long end, where Dec-26 […]

System Liquidity Money market liquidity remained tight, opening at ₦1.66 trillion, pressured by reduced SDF placements and ₦235 billion SLF borrowing. NTB auction activity also weighed on liquidity, pushing average funding costs higher, with OVN closing at 22.79%. Treasury Bills The NTB secondary market was largely calm as attention shifted to the ₦1.15 trillion primary […]