Weekly Review
Weekly Market Review: Vol. 105
Prologue The interbank market liquidity average in the last month was a deficit of over N390 billion. Last week, the
July 22, 2024
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.
Prologue The $/₦ appears stable sub 1,500 and the climbing interest rate environment appears to have slowed amidst tight money
Prologue Last week, Fitch noted significant fiscal and monetary reforms undertaken by Nigeria over the past year to stabilise the
Prologue On Wednesday, May 29, 2024, President Bola Ahmed Tinubu’s administration marked its first year in office. A year characterised
Prologue Last week, attention was centred on the MPC meeting, as the CBN further tightened conditions. The Monetary Policy Rate
Prologue In recent times, the FX rates have fluctuated consistently to the extent that there is no guaranteed level at
Prologue In the previous week, the NAFEM rate closed at $/₦1,400.40. Last week, it closed at ₦1466.31. As it stands,
Prologue Over the last two weeks, the Naira has devalued considerably, contrasting its strong, appreciable performance in March 2024 when