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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
Excess liquidity in the banking system, which peaked above N6 trillion, shrank due to outflows relating to the settlement of OMO and Nigerian Treasury bills sold at the primary market auctions.
Nigerian Treasury Bills Rally after Midweek Rates Swing The Nigerian Treasury bills rallied in the…
The Nigerian overnight financing rate (NOFR) was steadied at 22% amid fluctuations in banking system liquidity, market analysts said in a separate report.
The banking system’s excess liquidity surged as the monetary authority maintained its stance of economic tightening while seeking to tame Nigeria’s double-digit headline inflation.
The Central Bank of Nigeria (CBN) is scheduled to open N650 billion worth of Treasury bills for subscription at the primary market auction on Wednesday, according to details from the circular released.
Money Market Rates Mixed as Liquidity Drops by 39% Money market rates showed mixed performance…