How the MPR Cut Will Shape Your Investment Portfolio
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted to cut the Monetary Policy Rate (MPR), otherwise known as the benchmark interest rate, by 50 basis points from 27 percent to 26.5 percent. This is the first rate cut this year and the second since Olayemi Cardoso assumed office as CBN […]
FMDA’s Weekly Market Report February 23, 2026
Weekly Market Insights: Global Trends and Local Implications Average net system liquidity declined by 19% week-on-week, reflecting recent liquidity management operations. Liquidity inflows are expected to moderate this week, with an estimated N933.05 billion projected from maturities, barring additional inflows such as CRR refunds. Given the relatively modest inflow size, the impact on FX conditions […]
Pre-MPC Analysis: Expecting MPC to hold the Monetary Policy Rate (MPR) at 27%
Pre-MPC Analysis: Expecting MPC to hold the Monetary Policy Rate (MPR) at 27%, While global inflation continues to ease and major central banks have paused after an aggressive rate-cut cycle in 2025, Nigeria’s macroeconomic backdrop shows improving external buffers, declining inflation, and strengthening investor confidence. However, private sector momentum remains mixed, and excess system liquidity […]
Nigeria Capital Importation for Q3 2025
Key Highlights on Foreign Portfolio Investment (FPI) and Foreign Direct Investment (FDI) Total capital inflow rose by 380.2% YoY to $6.01 billion in Q3 2025, reflecting improved investor confidence and the impact of ongoing reforms. Foreign Portfolio Investment (FPI) increased by 439.7% YoY and 15.6% QoQ to $4.85 billion, accounting for 80.7% of total […]
Nigeria’s Inflation Rate January 2026
Key Highlights on Inflation figure in January 2026 Headline inflation eased slightly to 15.10 percent year-on-year in January, down from 15.15 percent in December. On a month-on-month basis, inflation rose by a negative 2.88 percent in January, significantly less than 0.54 percent recorded in December 2025. This means prices actually fell by 2.88 percent between […]
FMDA’s Weekly Market Report February 16, 2026
Weekly Market Insights: Global Trends and Local Implications Average net system liquidity increased sharply by over 80% week-on-week, driven by inflows from maturing securities, FAAC-related 13% derivation payments to oilproducing states, and CRR refunds to banks. Liquidity inflows are expected to remain elevated, with an estimated N2.98 trillion projected from maturities this week. OMO maturities […]
Nigeria Inflation Forecast – January 2026
Nigeria Inflation Forecast – January 2026 Following the sharp moderation in December (15.15% YoY), our analysis suggests that January headline inflation is likely to rise mechanically to 18.98% on a year-on-year basis. This expected increase is primarily driven by base effects rather than a renewed surge in prices. Key highlights include: Month-on-month pressures are projected […]
FMDA’s Weekly Market Report February 09, 2026
Weekly Market Insights: Global Trends and Local Implications Average net system liquidity declined by over 50% week-on-week, reflecting significantly lower inflows compared with the prior week. Liquidity inflows are expected to remain subdued this week, with only about N1.01 trillion projected from maturities. OMO maturities account for roughly 98% of total inflows, suggesting limited […]
Nigeria’s FX Market Update Q3,2025
The Nigeria FX Market Update for Q3 2025, prepared from the Central Bank of Nigeria’s latest Statistical Bulletin. Summary Key Highlights Total FX inflows stood at US$27.09 billion in Q3 2025, only marginally lower than Q2 levels. This shows that FX supply remained broadly resilient, even as market pressures eased. CBN FX sales to I&E, […]