Opening market liquidity was reported at N222.9bn on Friday (08 July ‘22). Overnight and repo rates closed within a range of 13 – 14%. The average NTB yield increased by +142bps w/w to close at 6.8%. Meanwhile, the average yield for OMO bills increased by +98bps w/w to close at 6.3%

Opening market liquidity was reported at N56.4bn on Friday (01 July ‘22). Overnight and repo rates closed within a range of 13 – 14%. The average NTB yield increased by +60bps w/w to close at 5.4%. At the latest primary market NTB auction held last week Wednesday, the CBN offered N174.1bn but allotted N197.7bn worth …

Nigeria’s economy has posted GDP expansion for four quarters since its last recession recorded in 2020. However, the current growth rate levels are unable to halt the steady decline in incomes and the rise in poverty. Our in-house estimates assume GDP at current market prices as high as pre-pandemic levels (2019). We considered increased vaccination …

pening market liquidity was reported at N240.9bn on Friday (27 May ‘22). Overnight and repo rates closed within a range of 12 – 15%. The average NTB yield increased by +14bps w/w to close at 3.8%. At the primary market NTB auction held last week, the CBN offered N153.0bn but allotted N173.5bn worth of NTBs …