Nigeria’s Liquidity-Driven Stability Meets Inflation Repricing
The Nigerian financial markets traded through a week defined by resilient liquidity despite inflation-led repricing pressures and cautious risk-taking across asset classes. Interbank liquidity remained structurally strong, easing from a ₦4.79trn surplus to ₦3.84trn (-22.7% WTD), while money market rates stayed anchored with OPR steady at 22.00% and O/N oscillating around 22.16%–22.35%, reflecting sustained CBN liquidity sterilisation.
The Big Bid Returns: Clarity, Capital, and Crypto’s Structural Repricing
The week opened cautiously amid Middle East tensions and oil price volatility. However, early signs of geopolitical de-escalation triggered a relief rally that quickly evolved into a short-covering squeeze. With over $300 million in short liquidations occurring within hours, BTC reclaimed above the $74,000 level, reversing early-week losses, and market sentiment improved sharply, despite the Fear and Greed Index in Extreme fear.