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MarketNews
Nigerian OMO bills auctioned by the Central Bank last week attracted N6.1 trillion from investors chasing double-digit returns on naira-denominated assets.
The average yield on Nigerian Treasury bills declined slightly to 18.81% ahead of the midweek auction
Money market rates were mixed as excess liquidity levels in the banking system increased by more than 73%
The money market rates remained steady despite more than a 39% increase in banking system
The Central Bank of Nigeria (CBN) is scheduled to auction N500 billion worth of Treasury bills
The Central Bank of Nigeria (CBN) is anticipated to keep the benchmark interest rate at 26.5% at the policy committee
Banking System Liquidity Declines by 66%, NOFR Unchanged Short-term benchmark money market rates remained relatively…