…steps to boost the naira's value by auctioning off about N4.73 trillion through its Open Market Operations (OMO) billsThe apex bank initially planned to sell half the amount, but investors' appetite led the CBN to more than double the instrumentOMO bills are short-term instruments used to remove excess cash from the sy…

The expected maturity of about N2.32 trillion in Open Market Operations (OMO) instruments and N166 billion in bond coupons is set to provide additional liquidity to the Nigerian money market this week The post N2.32trn OMO maturities to boost liquidity, moderate money market rates appeared first on Tribune Online.

…long end of the NTB curve, where the 12 August bill traded around 17.30 per cent. On the Open Market Operations (OMO) curve, selective interest emerged in the December maturities, with the 22 December and 29 December bills changing hands at 19.65 percent and 19.75 percent respectively. The FGN bond market was quieter s…

…operations with maturities between four and 90 days, and widening participation in the Open Market Operations (OMO) market to cover non-bank financial institutions, corporates, and retail investors. CBN reforms FX and money markets as Nigeria’s external reserves surge to $52.25 billion. Photo: BloombergImagesHere are o…

…reviewed its Discount Window restrictions and the framework governing participation in Open Market Operations, OMO. This was disclosed in a circular signed by the apex bank's Acting Director of the Financial Markets Department, Okey Umeano, on Wednesday. With the latest review, the CBN said the existing restriction on…

…the settlement of N1.20 trillion in Nigerian Treasury Bills (NTBs) and N2.19 trillion in Open Market Operations (OMO) auctions drained significant liquidity from the banking system. System liquidity fell 20.68 per cent to N2.99 trillion from N3.78 trillion the previous week. Despite […] The post Combined N783.78bn OMO,…