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OPEN MARKET OPERATION
Nigeria’s fixed-income market closed on Thursday, October 2, 2025, with Treasury bill yields easing marginally across maturities, while the Federal Government bond market ended mixed, reflecting tight liquidity conditions in the money market, FMDQ data showed.
Nigeria’s foreign exchange market has seen the turnover on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window surge by an astonishing 231.99% on May 24, 2024
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.
Based on CBN's report, Prime Lending Rate and the Maximum Lending Rate declined 0.3ppts and 1.2ppts respectively to 15.0% and 30.0% respectively in Q4 2019.
The Nigerian treasury market has been characterised by bearish sentiment. This has particularly been affecting tenured OMO securities,