Browsing: Money Market

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.

The short-term benchmark rates were steady in the money market, as liquidity conditions in the financial system remained surplus following a series of open-market operations.

The Nigerian financial system liquidity spiked more than 40% following a significant OMO bill repayment by the Apex Bank to eligible investors on Tuesday.

The Central Bank of Nigeria (CBN) sold OMO bills worth N3.3 trillion across two major open market operations to tighten liquidity in the financial system, according to auctions that slowed last week.

The Nigerian Overnight Rate (NOFR) steadied as the banking system’s surplus liquidity narrowed following the settlement of the April bond auction.

Money Market Rates Diverge as Liquidity Surplus Eases Money market rates diverged with N3.8 trillion in excess liquidity ahead of…

Financial System Liquidity Surges 19% on OMO Bill Inflow The financial system’s liquidity increased by about 19% following a large…

Money market rates diverged amidst strong liquidity in the financial system, driven by deposits from Nigerian lenders’ activities at the Apex Bank window.

Deposit Money Banks’ activities at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window boosted financial system liquidity to N7.65 trillion in the absence of the OMO auction.

Reflecting the absence of financial pressures, the overnight interest rate has declined following a significant rise in money market liquidity, which has now reached N6.8 trillion.