THERE are high expectations among money market players that liquidity in the financial system will receive a boost of about N165.9 billion inflows from Open Market Operations (OMO) maturities.
However, the Central Bank of Nigeria (CBN) is expected to hold primary market auction on the 17th of April for the 91-day, 182-day and 364-day instruments for a total amount of N58.5billion, while an equal amount is expected to mature.
Dealers expect the CBN to re-commence OMO auctions in the coming week, given the expected maturities.
2023: Tinubu playing dangerous politics — Ayu
Primary Market Auction (PMA) maturities of N58.5billion is expected on the 17th of April and OMO maturities of N107.4billion on the 18th of April.
Consequently, “we expect yields across markets to close higher week-on-week,” dealers from Afrinvest stated.Meanwhile, average fixed income yields contracted last by 23 basis points (bps) to 13.67 per cent as interest resurfaced at both long and short ends of the curve marktlet information had indicated
On the latter, average Nigeria Treasury Bills (NTB) yields fell by 43bps Week on Week (WoW) to 13.11 per cent, as the absence of OMO auction and inflow of mature OMO bills (N31.8 billion) supported improvement in system liquidity.
In 2021, Air Peace alone suffered 14 bird strikes, which affected its engines, while in…
In a bold step towards building a climate-resilient agricultural sector, AGRA, Nestlé Nigeria, and TechnoServe…
“But in terms of real opposition. I don’t know why anybody refers to Peter Obi…
The Peoples Democratic Party Governors Forum (PDP-GF) and former governors have named former Senate President…
"It is obvious now that the state indigenes have lost their patrimony. I think one…
By Festus A. Akande NIGERIA, often described as the “Giant of Africa,” is a country…
This website uses cookies.