Browsing: OMO Bills

The Central Bank of Nigeria (CBN) axed spot rates on Nigerian OMO bills across standard tenors

Fixed-income investors bolstered demand for Nigerian Treasury and OMO bills in the secondary market amid elevated yields on naira assets.

Huge Funds Chase Nigerian OMO Bills in Search for 21% True Yield The Central Bank of Nigeria (CBN) recorded exceptionally…

The Central Bank of Nigeria (CBN) cut rates on OMO bills at the primary market auction…

The Central Bank of Nigeria (CBN) raised N2.796 trillion from an OMO bill auction…

OMO Bills Reopening Drives Funds Away from Nigerian Stocks One of the more consequential policy shifts in Nigeria’s financial markets…

Money market funding rates eased ahead of anticipated inflows of more than N2 trillion from NGOMOB, a financial market ticker prefix used for Open Market Operations (OMO) zero-coupon bills and short-term securities issued by the Central Bank.

The Central Bank of Nigeria (CBN) turned down more than N2.4 trillion in investors’ money as total subscription at the open market operation topped N4.6 trillion, according to auction results reviewed by MarketForces Africa.

Interbank rates were mixed last week as banking system liquidity declined by approximately 21% to close at about N3 trillion.

The Central Bank of Nigeria (CBN) floated an OMO bill auction totalling N600 billion across three tenors on Tuesday amidst excess liquidity in the financial system.