Iran–US conflict: What has changed in financial markets so far?
The escalation in Iran–US tensions has triggered a broad market repricing, with Brent crude rising about 53% from $72 to near $110 per barrel, intensifying inflation expectations. The US dollar strengthened across major currencies, reflecting a shift toward safer assets, while global bond yields rose as investors demanded higher returns. Nigeria was not insulated, as […]
FMDA’s Monthly Report-March 2026
FMDA’s Monthly report-March 2026: Highlights Average system liquidity surged by over 100% in March to N6.48 trillion, driven by higher inflows from maturing instruments, the highest since January and February. Looking ahead, an estimated N8.84 trillion in inflows is projected for April, about 15% lower than March levels. OMO maturities are expected to account for […]
FMDA’s Weekly Market Report March 23, 2026
Weekly Market Insights: Global Trends and Local Implications System liquidity surged to a record N7.56 trillion as the CBN appears to have scaled back OMO auction activity. The moderation in OMO activity may reflect an effort to manage sterilisation costs, as lower mop-up could reduce the interest burden on outstanding liabilities. All else being equal, […]
Nigeria’s Inflation Rate February 2026
Key Highlights on Inflation figure in February 2026 Nigeria’s headline inflation moderated slightly to 15.06% year-on-year in February 2026, from 15.10% in January, indicating that the broader disinflation trend remains intact. However, month-on-month inflation rose sharply to 2.01%, reversing the -2.88% decline recorded in January, largely driven by a strong rebound in food prices. Food […]
FMDA’s Weekly Market Report March 16, 2026
Weekly Market Insights: Global Trends and Local Implications Average net system liquidity continued to increase as inflows trickled in, while withdrawals through OMO auctions remained relatively slow. Liquidity inflows are expected to moderate this week, with about N1.35 trillion projected from maturities, barring additional injections such as CRR refunds. Although the Iran conflict triggered outflows […]
Nigeria Inflation Forecast – February 2026
Nigeria Inflation Forecast – February 2026 Following the sharp moderation in January (15.10% YoY), our analysis suggests that February headline inflation is expected to ease further to around 13.47% on a year-on-year basis. This continued decline reflects favourable base effects and sustained moderation in underlying price pressures. Key highlights include: Month-on-month pressures are projected to […]
FMDA’s Weekly Market Report March 09, 2026
Weekly Market Insights: Global Trends and Local Implications Average net system liquidity surged by 71.79% week-on-week to N5.4 trillion, reflecting strong inflows into the system. The liquidity expansion reflects cash returning to the banking system from maturing securities, while the Central Bank refrained from aggressively reissuing OMOs to mop up the excess liquidity. Monthly FAAC […]
Monetary and Credit Statistics January 2026
CBN January 2026 Money and Credit Data – Key Highlights and Insights The Central Bank of Nigeria (CBN) has released the Monetary and Credit Statistics for January 2026, providing updated insight into system liquidity, money supply movements, and credit dynamics. Below are the key highlights: Key Highlights (January 2026) Money Supply (M3) declined by 0.8% […]
FMDA’s Monthly Report-February-2026
FMDA’s Monthly report-February 2026: Highlights System liquidity increased by 9.27% in February, despite net liquidity withdrawals of over N1.83 trillion by the CBN, indicating sustained inflows into the banking system. Looking ahead, an estimated N10.55 trillion in inflows is projected for March, nearly 33% higher than February’s level. OMO maturities are expected to account for […]