System Liquidity Liquidity opened stronger at ₦3.82tn surplus (+₦1.67tn d/d), driven by ₦1.14tn OMO maturity, while OPR and O/N held steady at 22.50% and 22.68%, keeping average funding cost flat at 22.59%. Treasury Bills NTBs were largely mixed and calm; short–mid tenors softened while long-dated bills saw modest demand, leaving the benchmark rate unchanged at […]

System Liquidity System liquidity opened stronger at ₦3.88tn (+₦595bn), supported by higher DMB placements at the SDF and PMA inflows, despite a sizable OMO allotment; funding costs eased with OPR at 22.50% and O/N down to 22.68%. Treasury Bills NTB trading was quiet and largely flat amid subdued interest, with only the 17-Dec-26 bill seeing […]

System Liquidity Liquidity opened stronger at ₦3.06tn, driven by higher SDF placements and PMA inflows of ₦109.42bn. Net system balance rose ₦480.52bn. Funding conditions stayed tight, with average funding cost flat at 22.63% as OPR and O/N closed at 22.50% and 22.75%. Treasury Bills Post-PMA trading opened mixed, but strong demand for the new one-year […]

System Liquidity System liquidity remained in surplus at ₦2.58 trillion, though lower than the previous day, as bond auction settlement and SLF usage moderated balances, while heavy DMB placements at the SDF kept liquidity ample; funding rates edged slightly higher with OPR flat at 22.50% and O/N easing to 22.75% Treasury Bills The NTB secondary […]

System Liquidity System liquidity improved to a surplus of ₦3.06 trillion, supported by OMO maturities and coupon inflows, which helped ease funding conditions slightly as O/N and OPR rates moderated marginally. Treasury Bills The NTB secondary market was calm with no material repricing across tenors, leaving the average discount rate unchanged at 15.98% ahead of […]

System Liquidity System liquidity opened the week with a surplus of ₦2.59 trillion, reflecting a ₦135.2 billion moderation from the prior week due to reduced placements at the CBN’s SDF despite bond coupon inflows. Funding conditions remained stable, with OPR and overnight rates unchanged at 22.50% and 22.75%. Treasury Bills The NTB secondary market traded […]

System Liquidity Market liquidity opened with a ₦3.5 trillion surplus after a ₦521.3 billion moderation driven by reduced CBN SDF placements and net outflows from NTB settlements, while funding rates held around OPR 22.50% and O/N 22.79%. Treasury Bills The NTB market turned bullish after the ₦788.20bn auction, with strong demand for the new 364-day […]

System Liquidity System liquidity moderated to ₦3.97 trillion as increased placements at the CBN’s SDF window tightened conditions slightly, pushing funding rates higher with OPR at 22.50% and O/N at 22.80%. Treasury Bills The NTB market held a calm positive tone ahead of the auction, with limited secondary activity except a sharp 102bps drop on […]

System Liquidity System liquidity improved to ₦4.3 trillion on the back of large OMO maturities, though funding rates inched up, with OPR at 22.50% and O/N at 22.76%. Treasury Bills The NTB market traded mixed-to-bearish, with significant sell pressure on short- to mid-tenor bills pushing average discount rates up 37bps to 16.31%. FGN Bonds The […]

System Liquidity System liquidity improved to ₦3.3 trillion due to higher DMB placements in the SDF window, while OPR and O/N rates held flat at 22.50% and 22.72%. Treasury Bills The NTB market traded bearish despite ample liquidity, with mid-to-long tenors recording sharp rate increases and average NTB yields rising to 15.74%. FGN Bonds The […]