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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.
Banks Boost Financial System Liquidity Ahead of OMO Debit Banks’ placement at the Central Bank…
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.
Money Market Rates Soften Despite OMO, NTB Debits Money market rates softened despite huge outflows…
The Debt Management Office (DMO) is set to open N800 billion worth of Federal Government of Nigeria (FGN) bonds for subscription on Monday.
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.
Money market rates showed mixed trends, with the overnight rate increasing 3 basis points (bps) to 22.83%, while the open repo rate remained unchanged at 22.50%.