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MarketNews
The Central Bank of Nigeria (CBN) allotted OMO bills to match the aggregate subscription from investors seeking high-yield naira assets at the primary market auction.
Nigerian deposit money banks (DMBs) placements at the Central Bank of Nigeria (CBN) Standing deposit Facility (SDF) window edged higher on midweek as the authority slowdown aggressive liquidity management action.
Excess liquidity in the Nigerian financial system surged about 33% after heavy OMO bill
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.
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.