Tag
OMO BILLS
Nigeria recorded total capital inflows of $5.64 billion in Q1 2025, a 67% increase from the $3.38 billion posted in the previous quarter.
Nigeria’s listed banks earned a combined N5.93 trillion from investment securities in 2024, a sharp rise that highlights how lenders leaned into safe, high-yield assets during the year.
The CBN leveraged higher interest rates to attract a strong turnout from investors, effectively utilizing OMO bills to absorb excess liquidity from the financial system.
The Monetary Policy Committee of the CBN will meet for the second time this year on the 25th and 26th of March 2024. This was announced in a notice on the CBN website assessed by Nairametrics.
The Central Bank of Nigeria has intensified its efforts to manage the money supply by conducting Open Market Operations (OMO) auctions, through which it sold N1.06 trillion in bills.
The outcome of the first Open Market Operations (OMO) bills auction for 2024 reveals an oversubscription of N157 billion for the 363-day bills.
Foreign investors stayed away from the Central Bank's latest OMO Auction which held on the 19th of March 2020.
Corporate issuers appear to be taking advantage of the unorthodox policies of the CBN to raise funds from the local debt market.
Following a bearish run in 2019, with a negative return of 14.6%, the local bourse began the year on a positive note.
The Central Bank of Nigeria has been attracting much kudos of late especially for its handling of the...