Demand for the Central Bank of Nigeria’s Open Market Operations (OMO) bills rebounded sharply on the recent CBN auction, as excess liquidity in the financial system drove subscriptions to about N3 trillion, reversing last week’s weak investor appetite. “The improved demand was influenced by increased interbank liquidity on the back of inflows from bond coupons and OMO maturities that have been in the system,” said Victor Ogundijo, a certified financial analyst at CardinalStone. The apex bank sold N2.36 trillion worth of OMO bills at the a
Demand for the Central Bank of Nigeria’s Open Market Operations (OMO) bills rebounded sharply on the recent CBN auction, as excess liquidity in the financial system drove subscriptions to about N3 trillion, reversing last week’s weak investor appetite. “The improved demand was influenced by increased interbank liquidity on the back of inflows from bond coupons and OMO maturities that have been in the system,” said Victor Ogundijo, a certified financial analyst at CardinalStone. The apex bank sold N2.36 trillion worth of OMO bills at the a