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MarketNews
Excess liquidity in the Nigerian financial system surged about 33% after heavy OMO bill
Money Market Liquidity Hits N6trn as CBN Refuses OMO Bids The liquidity level in the…
The Debt Management Office (DMO) raised N1.54 trillion at its monthly auction sales in January as investors’ subscription signaled a higher appetite for the naira assets.
Overnight, Repo Rates Steady with Excess Liquidity in Money Market Excess liquidity in the financial…
The Nigerian Interbank Offered Rate (NIBOR), the benchmark interest rate for short-term, unsecured lending, rose as the Central Bank of Nigeria (CBN) monetary auctions triggered liquidity fluctuation in the money market last week.
The money market liquidity improved following inflows from matured bonds and Nigerian treasury bills. The market experienced liquidity fluctuation that plunged liquidity into deficit after the OMO bills settlement during the week.
The financial system liquidity has been plunged into negative following a huge OMO bills auction settlement, and absence of significant inflows to weather the storm.