The average yield on Nigerian OMO bills climbed to 21.1% in the secondary market, reflecting investors’ measured decisions to adjust their holdings in these short-term investment securities.

Inflows from expired OMO bills and from deposit money banks (DMBs)’ lodgments buoyed liquidity in the financial system, investment firms said in separate market updates.

The Debt Management Office (DMO) is set to open N800 billion worth of Federal Government of Nigeria (FGN) bonds for subscription on Monday.

SCM Capital Asset Mgt Limited’s Fund (the Frontier Fund), an open-ended unit trust scheme that offers investors the opportunity and flexibility to pool resources and optimize returns through the earning power of volume investing, has announced a plan to pay unitholders N18 per unit.

Money market rates moved in mixed directions as liquidity level in the financial system declined following the debit for Nigerian Treasury bills (NTB) allotment to investors at the midweek auction.

Banks Place N4.6trn with CBN Amidst Weak Loan Appetite Nigerian deposit money banks (DMBs) stepped…