FMDA’s Monthly Report-January-2026
FMDA’s Monthly report-January 2026: Highlights System liquidity dipped sharply in January as the CBN mopped up excess funds, with net liquidity withdrawals estimated at over N6.76 trillion through OMO operations and Treasury bill auctions. Looking ahead, an estimated N8.61 trillion in inflows is expected in February, with OMO maturities accounting for about 53% of the […]
Monetary and Credit Statistics December 2025
CBN December 2025 Money and Credit Data – Key Highlights and Insights The Central Bank of Nigeria (CBN) has released the Monetary and Credit Statistics for December 2025, providing updated insight into system liquidity, money supply movements, and credit dynamics. Below are the key highlights: Key Highlights (December 2025) Money Supply (M3) rose by 1.19% […]
FMDA’s Weekly Market Report January 26, 2026
Weekly Market Insights: Global Trends and Local Implications As expected, system liquidity received support from higher maturing instruments. Barring any OMO auction, the system is expected to receive a strong liquidity buffer this week, with total inflows estimated at N2.10 trillion, although lower than the previous week. OMO maturities account for about 89% of total […]
FMDA’s Weekly Market Report January 19, 2026
Weekly Market Insights: Global Trends and Local Implications System liquidity dipped last week due to significantly lower inflows from maturing instruments. The system is expected to receive a strong liquidity buffer this week, with total inflows estimated at N3.26 trillion. OMO maturities account for roughly 40% of total inflows, while FGN bond maturities contribute about […]
Nigeria’s Inflation Rate December 2025
Key Highlights on Inflation figure in December 2025 Headline inflation eased to 15.15% year-on-year in December, bringing the 2025 annual average to 23.33%. The note also explains the index rescaling/normalization applied by NBS following the CPI rebasing, which helped avoid an artificial spike in December inflation that could have arisen from the low December 2024 […]
FMDA’s Weekly Market Report January 12, 2026
Weekly Market Insights: Global Trends and Local Implications Global financial conditions continue to favour easier policy settings, as sustained disinflation and policy signalling across advanced and emerging economies reinforce expectations of a softer global rate environment into 2026. While Nigeria is unlikely to move aggressively in the near term, the external backdrop increasingly supports a […]
December 2025 Inflation Preview
Summary This note provides a forward-looking assessment of Nigeria’s December 2025 inflation outcome. Globally, disinflation continued into late 2025, with inflation easing across major economies and parts of Africa, supported by softer commodity prices. World Bank data show that crude oil and Brent prices declined further in December, helping to reduce global energy cost […]
Monetary and Credit Statistics November 2025
CBN November 2025 Money and Credit Data – Key Highlights and Insights The Central Bank of Nigeria (CBN) has released the Monetary and Credit Statistics for November 2025, providing updated insight into system liquidity, money supply movements, and credit dynamics. Below are the key highlights: Key Highlights (November 2025) Money Supply (M3) increased by 3.3% […]
FMDA’s Monthly Report-December-2025
FMDA’s Monthly report-December -2025: Highlights Global monetary conditions remain firmly tilted toward easing, with G10 central banks cutting rates by a cumulative 850bps and emerging markets by 3,085bps in 2025. This backdrop supports expectations of a gradual rate-cut cycle in Nigeria in 2026, even as the CBN remains cautious in the near term. Oil prices […]