- Investors Chase Nigerian OMO Bills with N6.1trn Subscription
- Nigerian Treasury Bills Yields Decline as Rates Hit 2026 Low
- SpaceX Tokenized bStocks Rises, Price Nears $150
- Money Market Liquidity Rises as Banks Boost SDF Placement
- Naira Softens as Interbank FX Turnover Slumps by 18%
- Kano Gov. Urges Northerners to Sustain Support for Tinubu’s Re-election
- I Understand Lagos Thoroughly, Best Candidate For 2027 -Hamzat
- Nigeria’s Foreign Reserves Inch Towards $55bn -CBN Data
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 Central Bank of Nigeria (CBN) sold OMO bills worth N3.3 trillion across two major open market operations to tighten liquidity in the financial system, according to auctions that slowed last week.
Excess liquidity in the financial system, totalling N6.2 trillion, kept short-term money market rates steady as banks continue to place funds with the Central Bank.
The Central Bank of Nigeria (CBN) is scheduled to conduct the first Treasury Bill auction for the month on May 6, 2026, according to a financial market circular released.
The Nigerian Overnight Rate (NOFR) steadied as the banking system’s surplus liquidity narrowed following the settlement of the April bond auction.
Nigerian Overnight Financing Rate Steady on Liquidity Surplus The liquidity surplus in the financial system…
Banks’ placement at the Central Bank of Nigeria (CBN) standing deposit facility (SLF) and additional inflows from expired OMO bills kept money market liquidity in surplus.,