FMDA’s Weekly Market Report April 27, 2026
Weekly Market Insights: Global Trends and Local Implications System liquidity declined for the third consecutive week to N3.85 trillion on average, reflecting sustained CBN liquidity mop-up. The CBN withdrew an estimated N2.81 trillion via OMO and Treasury bill auctions during the week. Looking ahead, N1.06 trillion is expected from maturing securities, largely driven by OMO […]
Nigeria’s tariff shake-up targets production boost and consumer relief
Nigeria’s tariff shake-up targets production boost and consumer relief The recent shake-up in Nigeria’s trade policy reflects a deliberate effort to strengthen domestic production, easeconsumer pressures and discourage the importation of finished goods. Industrial, food, and transport sectors recorded the largest tariff reductions, with the industrial sector alone posting a net cut of 569 percent. […]
FMDA’s Weekly Market Report April 20, 2026
Weekly Market Insights: Global Trends and Local Implications Average system liquidity declined further to N4.03 trillion last week as the CBN continue mop up liquidity from the system. During the week, the CBN withdrew an estimated N2.47 trillion through OMO auction. All else being equal, about N2.40 trillion is projected to flow in from maturing […]
Nigeria’s Inflation Rate – March 2026
Key Highlights on Inflation figure in March 2026 Nigeria’s headline inflation increased to 15.38% year-on-year in March 2026, from 15.06% in February, indicating a clear reversal of the disinflation trend. Month-on-month inflation rose sharply to 4.18%, from 2.01% in February, reflecting a significant acceleration in price pressures. Food inflation remained elevated, with food prices increasing […]
CBN to transition from OBB and OVN as NOFR emerges as new benchmark
CBN to transition from OBB and OVN as NOFR emerges as new benchmark The Central Bank of Nigeria (CBN) has signalled a transition in Nigeria’s money market framework with the introduction of the Nigerian Overnight Financing Rate (NOFR), a new transaction-based benchmark designed to enhance transparency and market integrity. The move, undertaken in collaboration with […]
Financial Market Risk & Liquidity Survey Report (H1 2026).
Financial Market Risk & Liquidity Survey Report (H1 2026). This report presents insights from financial market practitioners across commercial and merchant banks, capturing expectations on liquidity conditions, market risks, and the outlook for the next six months. The findings indicate that while liquidity conditions remain broadly adequate, market expectations are gradually shifting toward tighter conditions, […]
Nigeria Inflation Forecast – March 2026
Global & regional inflation backdrop Inflation trends were mixed across major economies in March 2026. Inflation accelerated in the United States to 3.3 percent from 2.4 percent, while the Euro Area rose to 2.5 percent from 1.9 percent, reflecting renewed price pressures. The uptick is partly linked to heightened Middle East tensions, which have driven […]
FMDA’s Weekly Market Report April 13, 2026
Weekly Market Insights: Global Trends and Local Implications Average system liquidity declined to N5.59 trillion last week as the CBN mopped up excess liquidity from the system. During the week, the CBN withdrew an estimated N3.04 trillion through its liquidity management operations. All else being equal, about N1.44 trillion is projected to flow in from […]
Monetary and Credit Statistics February 2026
CBN February 2026 Money and Credit Data – Key Highlights and Insights The Central Bank of Nigeria (CBN) has released the Monetary and Credit Statistics for February 2026, providing updated insight into system liquidity, money supply movements, and credit dynamics. Below are the key highlights: Key Highlights (February 2026) Money Supply (M3) declined by 0.17% […]