A 28.7% decline was recorded in system liquidity following the settlement of yesterday’s OMO and NTB auctions. Consequently, the overnight rate eased by 5bps to 22.07%, while the OPR remained unchanged at 22.00%.

Following the ₦2.32tn inflow from OMO maturities, system liquidity increased by 35.5% to ₦7.40tn from ₦5.46tn. Consequently, the overnight rate eased by 2bps to 22.12%, while the OPR held steady at 22.00%.

The Nigerian equity market opened the week on a negative note, with the NGX-ASI declining 0.11% and Market Capitalization falling 0.09%. The mixed indicator outcomes were attributed to additional listings from International Energy Insurance Plc’s Public Offer and Prestige Assurance Plc’s Private Placement.

Despite the ₦429bn NTB maturity inflow, system liquidity declined marginally by 1.1% to ₦3.96tn from ₦4.01tn, as placements at the SDF window fell by 27%. Consequently, the Overnight Rate eased to 22.11%, while the OPR remained unchanged at 22.00%.

An 18.6% decline in liquidity brought the level to ₦4.01 trillion from ₦4.93 trillion, although liquidity remained elevated amid the CBN’s decision not to conduct an OMO auction to absorb excess funds. Conversely, the overnight rate edged up by 16bps to 22.36%, while the Open Repo Rate (OPR) held steady at 22.00%.

A ₦2.2 trillion injection from OMO maturities expanded market liquidity by 45.6% to ₦4.93 trillion from the prior ₦3.38 trillion. Conversely, the overnight rate edged up to 22.20%, while the Open Repurchase Rate remained steady at 22.00%.

A  slight decrease in SDF placement dragged system liquidity lower by 5.1%  to ₦3.38tn from  the prior ₦3.57tn. Subsequently, the overnight rate  eased by 6bps to 22.19%, while the OPR held steady at 22.00%.