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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 Central Bank of Nigeria (CBN) hiked the interest rate on OMO bills at the last auction for the first quarter of 2026, with a total allotment of N1.75 trillion.
With a slight decline in the overnight lending rate, excess liquidity in the banking system increased to nearly N9 trillion as financial institutions continue to park funds at the Apex Bank Standing Deposit Facility (SDF).
The Central Bank of Nigeria (CBN) has again cut interest rates on Nigerian Treasury bills with 182-day and 364-day maturities, according to auction results obtained by MarketForces Africa.
Excess Liquidity in Banking System Hits N8.2trn The financial system witnessed a marginal surge in…
Money market rates diverged amidst strong liquidity in the financial system, driven by deposits from Nigerian lenders’ activities at the Apex Bank window.
The Central Bank of Nigeria (CBN) sold OMO bills worth N2.4 trillion to banks, and foreign portfolio investors at the primary market auction floated on Monday.