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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.
With expectations of robust demand over the one-year tenor, the Central Bank of Nigeria
The money market closed with a significant credit balance, which kept interbank rates…
Debt Management Office (DMO) has raised N7.6 trillion via Federal Government of Nigeria
Driven by a slide in the overnight lending rate, funding costs in the money market…
Excess liquidity in the money market kept funding costs stable at around 22%, reflecting the absence of significant pressure from the Central Bank’s operations.
The average yield on Nigerian Treasury bills fell slightly as investors increased bets on the naira asset in the secondary market following a disinflation-driven boost to real returns.