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 […]

System Liquidity System liquidity improved sharply to ₦3.2 trillion, rising by ₦134.3 billion on the back of the ₦805.9 billion NTB maturity and increased SDF placements despite a ₦709.6 billion NTB PMA outflow, with funding rates holding steady as the OPR and O/N closed flat at 22.50% and 22.75%, respectively. Treasury Bills The NTB market […]

System Liquidity System liquidity improved to a ₦3.0 trillion surplus driven by higher SDF placements, resulting in easing funding rates with average rates down to 22.63% Treasury Bills The T-bills market traded quiet/neutral ahead of the NTB auction, where stop rates were mostly unchanged except for a sharp rise on the 364-day paper to 17.50%. […]

System Liquidity System liquidity improved sharply to ₦3.0 trillion, driven by ₦772.9 billion OMO maturity and ₦10.2 billion bond coupon inflows, causing the average funding rate to ease to 22.65% as the OPR held steady at 22.50% and the O/N rate declined to 22.79%. Treasury Bills The NTB secondary market traded mixed to bearish as […]

System Liquidity System liquidity improved to ₦2.2 trillion on higher SDF placements, though funding rates edged up to an average of 22.68%. Treasury Bills The NTB market traded quietly with a bearish bias as thinning demand—especially at the mid-to-long end—pushed the average benchmark rate up by 1bp to 15.59%. FGN Bonds The FGN bond market […]

System Liquidity System liquidity declined by ₦267.8bn to ₦2.0tn due to reduced SDF placements following the MPC corridor adjustment, while funding rates were steady as the OPR held at 22.50% and the OVN dipped slightly to 22.71%. Treasury Bills The NTB market traded calmly with mixed movements— the 19-Feb-26 bill eased 3bps to 15.45% while […]

System Liquidity System liquidity improved slightly to ₦2.3 trillion due to higher DMB placements at the SDF window, while OPR and O/N rates held steady at 22.50% and 22.75%. Treasury Bills The NTB market traded calmly with ample liquidity as investors evaluated the MPC’s widened system facility corridor, keeping average rates flat at 15.61%. FGN […]