Image Credit:Coronation Research

July 7, 2025/Coronation Report

Summary  

System liquidity closed the week on a positive note at N468.52bn, down by N1.12trn from the previous week. This decrease was largely driven by CBN issuance of Open Market Operations (OMO) bills (with allotment of N745.40bn), mopping up increased liquidity levels from the previous week.

As system liquidity trended lower, funding rates largely increased. The Open Repo Rate (OPR) expanded by 33bps to 26.83%, while the Overnight (OVN) rate also edged up by 42bps to 27.42%.

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