Mid-Week Review
Crypto and Oil Markets
Commodities Oil prices declined to a two-week low on Tuesday, primarily due to the easing of concerns over potential supply
August 22, 2024
Commodities Oil prices declined to a two-week low on Tuesday, primarily due to the easing of concerns over potential supply
Prologue Last week, the Nigerian Naira consistently closed below the $/N1,600 benchmark at the end of each business day. The
Commodities Last week, oil prices closed on a positive note, with significant gains reported on Friday. Brent crude surged by
Prologue In the week under review, the global markets – from crypto to stocks – witnessed extreme challenges at the
Alternative Assets On Sunday, the cryptocurrency market was hit by a dramatic downturn as investors intensified their exits from high-risk
Prologue Nationwide protests were the focal point for Nigerian markets albeit from a foreign perspective as pricing of assets largely
Prologue Interbank liquidity has been consistently short throughout the third quarter of 2024. Last week, however, the position shifted from
Prologue The interbank market liquidity average in the last month was a deficit of over N390 billion. Last week, the
Prologue The interbank money market had a liquidity deficit throughout the week as OPR and O/N closed at 31.61% and
Prologue In a season where Central Banks worldwide have begun to signal easing after an elongated period of tightening to
Prologue The past week saw market liquidity open long at ₦951.5 billion, with bonds auction, T-bills auction and OMO auction
Prologue Interbank money market liquidity opened ₦768 billion long, with the CBN conducting two (2) OMO auctions during the week.