System Liquidity System liquidity closed the week in surplus at ₦3.61 trillion following heavy OMO and NTB auction settlements, pushing average funding costs up slightly to 22.11%. Treasury Bills he Treasury Bills secondary market closed with mixed-to-bullish sentiment following strong demand at the primary auctions, though the average benchmark yield rose 64bps week-on-week to 19.21%. […]

System Liquidity Liquidity moderated on settlement outflows from the prior day’s auctions, though a bond coupon and steady SDF participation cushioned the decline. Funding costs should stay moderated, though fresh pressure looms as OMO settlement clears. Treasury Bills The NTB market traded bullish as investors chased yields lower following a stop rate decline at the […]

System Liquidity Liquidity remained in surplus, supported by coupon inflows on a maturing FGN bond and stronger DMB participation at the SDF window, with no recourse to the SLF. Funding rates held stable and should moderate further next session on expected fresh liquidity inflows. Treasury Bills The NTB market traded calm but bearish, with selling […]

System Liquidity System liquidity opened the week in surplus, supported by coupon inflows and strong participation at the SDF window. Funding rates should moderate next session, supported by expected liquidity inflows. Treasury Bills The NTB market opened on a calm but bearish note, with selling pressure pushing yields higher as investors positioned ahead of fresh […]

System Liquidity System liquidity stayed in surplus despite a slight pullback, as funding costs eased on continued strong participation at the SDF window. Rates should stay anchored near current levels next session, supported by expected coupon inflows. Treasury Bills The NTB market traded mixed, with yields easing at the short and mid end on selective […]

System Liquidity System liquidity tightened as funding pressures from the August FGN Bond PMA settlement drained the system, even as funding costs held steady. Rates should stay anchored near current levels next session as the bulk of the auction-related drain has now been absorbed. Treasury Bills The NTB market traded calm-to-bullish, supported by excess system […]

System Liquidity System liquidity swung sharply into a wider surplus as a large OMO maturity inflow more than offset prior tightness, even as DMBs stayed active at the SDF window. Funding costs held steady as a result but are expected to face renewed upward pressure next session once the FGN Bond auction proceeds settle and […]

System Liquidity System liquidity opened the week in a narrower surplus as funding conditions eased, with average rates declining on the back of continued SDF participation. Liquidity is expected to improve further following the upcoming NGOMOB maturity. Treasury Bills The Treasury bills market opened with a mixed-to-bearish tone as investors repositioned ahead of the FGN […]

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 […]