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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.
Interbank rates remained largely unchanged as the money market remained flooded with excess liquidity of about N5 trillion on Tuesday…
Nigeria’s sovereign Eurobonds faced selling pressure in the international market as foreign portfolio investors continue to pile into US Treasuries amid elevated yields.
The average yield on Nigerian Treasury bills increased as investors trimmed positions in the secondary market amid sustained deceleration in inflation.
Money market funding rates eased ahead of anticipated inflows of more than N2 trillion from NGOMOB, a financial market ticker prefix used for Open Market Operations (OMO) zero-coupon bills and short-term securities issued by the Central Bank.
The Debt Management Office (DMO) reduced rates on Nigerian Government bonds as the subscription level surpassed the offer size, according to details from auction results obtained.
Nigeria’s Debt Management Office (DMO) is set to offer N1.10 trillion worth of FGN bond maturities at the primary market auction on Monday.