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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
The Debt Management Office (DMO) is set to open N800 billion worth of Federal Government of Nigeria (FGN) bonds for subscription on Monday.
Money market rates moved in mixed directions as liquidity level in the financial system declined following the debit for Nigerian Treasury bills (NTB) allotment to investors at the midweek auction.
Money market rates showed mixed trends, with the overnight rate increasing 3 basis points (bps) to 22.83%, while the open repo rate remained unchanged at 22.50%.
Nigeria’s Eurobond Yield Dips to 7% as African Issuers Rally Nigeria’s Eurobond yield declined to…
A flood of inflow from expired investment securities, amid zero liquidity mop-up, drove excess liquidity in the money market higher last week.
With deposit money banks (DMBs) sustaining activity in the Standing Deposit Facility (SDF), financial system conditions continue to improve in the absence of open market operations and other primary market actions thus far this week.