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MarketNews
Excess liquidity in the Nigerian financial system surged about 33% after heavy OMO bill
Overnight lending rate fell, while repo rate stayed unchanged on the back of surplus money market liquidity, supported by activities of banks and primary market repayment.
Risk-off Sentiment Shifts Yields on Nigerian Treasury Bills Reflecting risk-off sentiment in the debt market,…
Money market analysts anticipate that robust primary market repayment of N2.4 trillion will play a pivotal role in strengthening liquidity in the financial system. This anticipated surge in liquidity is primarily driven by inflows from matured Open Market Operations (OMO) and Treasury bills.
Reflecting weak appetite for loans, deposit money banks (DMBs) significantly increased their placements at the Central Bank’s Standing Deposit Facility (SDF) window, reaching N6 trillion as of Thursday.
CBN to Sell Nigerian Treasury Bills to Investors Midweek After weak OMO bills auction delivered…
Money market rates closed mixed despite a significant surge in financial system liquidity at the beginning of the week. The overnight lending rate rose, but the repo rate closed flattish.