System Liquidity System liquidity opened the week in a strong surplus position of ₦4.97 trillion, reflecting a ₦181.77 million increase supported by inflows from repayments and placements at the CBN’s SDF and SLF windows. Despite ample liquidity, average funding cost eased by 8bps to 22.09%, with the overnight rate declining to 22.19% while the OPR […]

System Liquidity System liquidity remained in surplus at ₦6.62 trillion but declined due to NTB auction settlements. Despite this, funding rates were unchanged, indicating stable money market conditions. Outlook suggests possible CBN mop-up, though rates may hold steady. Treasury Bills The NTB market traded quietly with selective buying interest in mid-tenors. Yields declined slightly, leading […]

System Liquidity System liquidity opened the week in a strong surplus position of ₦6.16 trillion as at 7 April 2026, reflecting a ₦706.69 billion increase week-on-week, driven mainly by ₦2.12 trillion OMO maturities. Despite the ample liquidity, average funding cost rose to 22.16%, with the overnight rate increasing to 22.31% while the OPR held steady […]

System Liquidity System liquidity opened the week in a strong surplus position of ₦6.16 trillion, largely driven by OMO maturities and continued placements at the CBN’s SLF window. This excess liquidity pushed funding costs slightly lower, with overnight and repo rates easing. Looking ahead, funding rates are expected to decline modestly as liquidity remains buoyant. […]

System Liquidity System liquidity opened with a surplus of ₦8.15 trillion, a decline of ₦91.12 billion due mainly to net outflows from primary market activities. Despite this, SDF balances increased by ₦113.78 billion to ₦8.18 trillion, while the average funding cost inched up to 22.14%. Treasury Bills The NTB secondary market traded mixed, with notable […]

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System Liquidity System liquidity rose to ₦5.84 trillion, up ₦622.34 billion, supported by ₦799.13 billion NTB maturity and higher SDF placements at ₦5.94 trillion. Funding costs increased to 22.14%, with OPR at 22.00% and OVN at 22.29%. Treasury Bills The NTB market traded cautiously after the ₦1.01 trillion PMA, where the 364-day bill cleared at […]

System Liquidity System liquidity opened at a surplus of ₦5.21 trillion, down ₦461.94 billion due to ₦235.60 billion OMO settlement. Banks’ placements at the CBN SDF rose to ₦5.35 trillion. Funding conditions eased slightly as the average funding rate declined 5bps to 22.11%, with OPR at 22.00% and OVN at 22.21%. Treasury Bills The NTB […]

System Liquidity System liquidity opened with a surplus of ₦4.39 trillion, an increase of ₦682.39 billion from the previous session, driven by higher DMB placements at the CBN’s SDF window rising from ₦3.62 trillion to ₦4.32 trillion. Average funding cost inched up to 22.18%, with OPR at 22.00% and OVN at 22.35%. Treasury Bills The […]

System Liquidity System liquidity opened with a surplus of ₦2.68 trillion, a decline of ₦850.64 billion from the previous session due to reduced DMB placements at the SDF window and a ₦1.11 trillion OMO settlement. Average funding cost inched up to 22.13%, with OPR at 22.00% and OVN at 22.25%. Treasury Bills The NTB secondary […]