System Liquidity System liquidity declined to ₦4.71tn after settlement of the ₦1.19tn NTB auction outweighed the ₦600.54bn FGN coupon payment, although funding rates are expected to ease in the near term. FGN Bonds Trading was subdued as investors shifted focus to the post-NTB auction, with mild profit-taking at the long end, while investor interest in […]

System Liquidity Liquidity improved following an FGN bond coupon payment, but the large NTB auction settlement is expected to exert mild upward pressure on funding rates in the near term. FGN Bonds Trading was subdued as investors shifted focus to the NTB auction and June inflation data, which showed a slight decline. Market participants are […]

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System Liquidity Liquidity remained strong, supported by the recent OMO maturity, although the upcoming NTB auction settlement is expected to moderate liquidity despite partial support from an NTB maturity. FGN Bonds FGN bond yields were broadly steady as investors stayed cautious ahead of the NTB auction, with demand expected to improve in the next session. […]

System Liquidity System liquidity remained elevated but volatile, with balances around ₦3.74tn recently after fluctuating significantly above ₦4tn in prior sessions, reflecting intermittent funding pressures. Overnight rates stayed broadly stable near 22.26%, indicating relatively balanced interbank funding conditions despite liquidity swings. Treasury Bills & FGN Bonds Average T-bill yields hovered around 16.2%, showing mild stability […]

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System Liquidity System liquidity improved significantly, rising 26.5% to ₦5.33tn from ₦4.21tn, driven by strong placements at the CBN’s SDF window. Despite the liquidity surplus, the NOFR remained unchanged at 22.0%. Treasury Bills The NTB secondary market traded on a mildly bullish but subdued note as investors focused on the NTB PMA. Strong auction demand […]

System Liquidity System liquidity opened on a stronger surplus position of ₦5.92 trillion, supported by significant inflows from OMO maturities and primary market repayments, alongside sustained placements at the CBN’s SDF window. Despite improved liquidity conditions, the NOFR remained stable at 22.00%, indicating balanced short-term funding pressures. Treasury Bills The NTB secondary market remained subdued, […]

System Liquidity System liquidity opened with a moderate surplus of ₦5.69 trillion, down ₦519.93 billion from the previous session due largely to NTB settlement debits of about ₦829.33 billion. Despite the decline, liquidity remained robust as banks maintained sizeable SDF placements of roughly ₦5.80 trillion, while SLF usage stayed minimal at about ₦221 million. The […]

System Liquidity System liquidity remained strong, opening at a surplus of ₦6.21tn, supported mainly by CBN SDF placements and PMA repayments. Despite the MPC retaining the MPR at 26.5%, the NOFR stayed stable at 22.0%. Market expects rates to remain largely stable despite the ₦334bn bond auction settlement. Treasury Bills The Treasury Bills market traded […]