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    Money Market Rates Mixed as NTB Auction Debit Shakes Liquidity

    Julius AlagbeBy Updated:No Comments2 Mins Read
    Money Market Rates Mixed as NTB Auction Debit Shakes Liquidity
    Yemi Cardoso

    Money Market Rates Mixed as NTB Auction Debit Shakes Liquidity

    Money market rates headed in mixed direction as outflow for Nigerian Treasury bills (NTB) shake liquidity balance in the financial system.

    The interbank market liquidity faced ₦598.33 billion outflow for Nigerian Treasury bills auction settlement.  In spite of this, the interbank market liquidity remained surplus. Local deposit money banks are still absent at the central Bank of Nigeria (CBN) Standing Lending Facility (SLF) to borrow.

    According to some analysts, the amount sterilised at Standing Deposit Facility earnings floor rate remained sufficient to keep the market going in the absence of significant funding demand.

    On Thursday, Nigerian Interbank Offered Rate (NIBOR) rose across all tenors, reflecting the current liquidity conditions in the banking system. Meanwhile, key money market indicators were mixed: the Open Repo rate remained unchanged at 26.50%, while the Overnight Lending Rate rose by 0.05% to 27.00%.

    Also, the Nigerian Interbank Treasury Bills True Yield (NITTY) curve advanced across all maturities, causing the average Treasury bills yield to decline by 3 basis points to 20.88%

    Barring any major liquidity disruptions, interbank rates should maintain current levels in tomorrow’s session, analysts said in their separate updates.  #Money Market Rates Mixed as NTB Auction Debit Shakes Liquidity Equities Investors Gain N1.04trn as Nigerian Stocks Boom

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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