Browsing: OMO

The Nigerian money market rates closed mixed on Wednesday as financial system liquidity declined by 38% on the day due to the settlement of the OMO bills auction.

Financial system liquidity surged by about 72% to N3.10 trillion, supported by N1.46 trillion in inflows from matured OMO bills that were not refinanced by the Apex Bank.

Open repo, and overnight lending rates were steadied despite a surge in liquidity level in the financial system last week. The money market closed with excess liquidity of about N6 trillion despite primary market auctions.

The Central Bank of Nigeria (CBN) sold OMO bills to investors at the open market operation conducted on Tuesday, amidst robust liquidity in the financial…

The Central Bank of Nigeria (CBN) conducted an auction for N600 billion in OMO bills on Monday as part of its strategy to reduce excess liquidity in the financial system.

Money Market Liquidity Hits N6trn as CBN Refuses OMO Bids The liquidity level in the financial system surged to N6.12…

The financial system liquidity has been plunged into negative following a huge OMO bills auction settlement, and absence of significant inflows to weather the storm.

OMO, T-Bills Yields Fall Over Rising Demand for Naira Assets Nigerian Treasury papers and OMO bills yields declined in the…

OMO, Treasury Bills Yields Drop as Investors Increase Bets Average yields declined as investors increased bets on Nigerian OMO and…

Open Market Operation Drives Rates Surge in Money Market The money market rates edged higher after the Central Bank of…