System Liquidity System liquidity declined during the session as increased SDF placements more than offset coupon inflows. Despite the tighter liquidity conditions, the Overnight Rate remained unchanged, reflecting balanced money market conditions. Treasury Bills The Treasury bills market maintained a bullish tone following the NTB auction, with sustained demand across key maturities driving yields lower. […]

System Liquidity Liquidity eased 5.02% (₦341.79bn) to ₦6.47trn from ₦6.81trn, despite ₦330.65mn of coupon inflows and a 49.58% jump in SDF placements to ₦6.14trn. The Overnight Rate held at 22.10%, with NOFR and OPR unchanged at 22.00%. Treasury Bills Trading was active and bullish around the NTB auction outcome, with demand on the OMO curve […]

System Liquidity Liquidity rose 56.51% (₦2.46trn) to ₦6.81trn from ₦4.35trn, on a ₦2.48trn OMO maturity inflow and ₦4.11trn of DMB placements at the SDF window. The Overnight Rate still edged 1bp higher to 22.10%, with NOFR and OPR flat at 22.00%. Treasury Bills The secondary market turned bearish ahead of the NTB auction, with selling […]

System Liquidity System Liquidity: Liquidity opened the week 6.69% higher at ₦4.35trn on SDF placements of ₦4.09trn; OVN eased 1bp to 22.09%, NOFR/OPR flat at 22.00%. Treasury Bills Mildly bullish on ample liquidity, led by the 04-Feb-27 (-24bps) and 18-Feb-27 (-19bps) bills; average yield down 3bps to 18.09%. FGN Bonds Mixed with a bearish tilt […]

System Liquidity Liquidity rose 5.24% to ₦4.05 trillion on a ₦283.78 billion NTB maturity inflow, with SDF placements at ₦3.58 trillion. The Overnight Rate eased 2bps to 22.10%, while NOFR and OPR held at 22.00%. Treasury Bills Trading was quiet, with demand in the new 29 Jul 2027 bill and gains of 20–40bps across select […]

System Liquidity System liquidity settled at ₦3.84 trillion after successive OMO auctions tightened conditions, while Standing Deposit Facility placements rose from ₦2.61 trillion to ₦3.65 trillion. The Overnight Rate eased 2bps to 22.12%, with NOFR and OPR flat at 22.00%, and a ₦1.35 trillion NTB maturity should improve liquidity tomorrow. Treasury Bills The NTB secondary […]

System Liquidity Opening liquidity rose 5.46% to a ₦5.33trn surplus (from ₦5.05trn), with SDF placements dropping from ₦4.62trn to ₦2.61trn. The CBN offered ₦600bn at OMO but allotted ₦2.17trn at stop rates of 20.35% and 20.15%, while the OVN eased 1bp to 22.14%. Treasury Bills Bullish trading held up despite a second OMO auction, with […]

System Liquidity System liquidity strengthened significantly, rising 69.66% to a surplus of ₦5.05 trillion from ₦2.98 trillion, supported by a ₦23.96 billion coupon inflow and a 66.52% increase in CBN Standing Deposit Facility placements to ₦4.62 trillion. The CBN allotted ₦2.52 trillion at its OMO auction versus a ₦600 billion offer, while the Overnight Rate […]

System Liquidity System liquidity fell sharply by 36.82% to ₦2.55 trillion from ₦4.04 trillion, largely due to a ₦1.25 trillion NTB auction settlement outflow. As liquidity tightened, the Overnight Rate (OVN) rose by 12bps to 22.35%, while the NOFR and OPR remained at 22.00%, indicating sustained but less abundant liquidity conditions. Treasury Bills The Treasury […]

System Liquidity System liquidity declined by 38.0% to ₦4.04 trillion from ₦6.52 trillion, driven by a ₦211.62 billion OMO auction settlement outflow and a ₦640.64 billion reduction in SDF placements. Despite the lower liquidity, the Overnight Rate (OVN) eased by 6bps to 22.13%, while NOFR and OPR remained unchanged at 22.00%, indicating adequate liquidity among […]