System liquidity opened the week 5.4% higher at ₦7.31tn, up from ₦6.94tn in the previous session, following an inflow of ₦207.89bn in primary market repayments. Consequently, the…

Elections don’t set the market’s direction; macro shocks do. Since 1999 the ASI has fallen before a poll only when the vote met an external shock, made worse in 2014 and 2018 by a…

Following the inflow of ₦392.80 NTB maturities, system liquidity increased by 23.8% to ₦8.39tn from ₦6.78tn in the previous session. Consequently, both the overnight rate and the…

Following the settlement of the ₦2.02tn bond auction, balances declined by 12.3% from ₦7.74tn to ₦6.78tn. Consequently, the overnight rate inched up 4 bps, while the Open Repo…