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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.
MarketForces Africa – The Central Bank of Nigeria (CBN) is scheduled to conduct a primary market auction on Wednesday, targeting N700 billion across standard tenors.
In an attempt to lock in yields, Nigerian Treasury Bills rallied across the short, belly, and long durations ahead of the main auction scheduled for Wednesday.
Overnight lending rate (OVN) declined slightly as deposit money banks (DMBs) placements
Money market rates headed in different directions as financial system liquidity ended last week in surplus.
The Central Bank of Nigeria (CBN) is scheduled to open NGN700 billion worth of Treasury bills for investors’ subscription this week, according to a primary market auction circular.
Nigerian Treasury Bills Yields Fall on Naira Asset Attractiveness The average yield on Nigerian Treasury…