Liquidity in the Nigerian money market is expected to increase as N1.07 trillion inflows from combination of Treasury Bills maturity, Open Market Operation ( OMO) and Primary Market Auction (PMA) hit the system this week.
A breakdown of the inflows show that N536.3 billion will come from Treasury Bills maturity, N356.5 billion from OMO and N179.8 billion from PMA.
The money market last week recorded total inflow of N347 billion from matured OMO bills. However, the Central Bank of Nigeria (CBN) auctioned and sold OMO bills to mop up N527 billion, which caused a spike in average money market rates by 2,011 basis points.
Treasury bills closed on a negative note. Yields across the curve increased marginally by 1 bps on the average to 13.40 percent from 13.39 percent the previous day, according to analysts at FSDH research, an arm of FSDH Merchant Bank Limited.
Yields on medium and long term maturities increased by 4bsp, while the yields on the short- term maturities declined by 4bsp.
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Hope Moses-Ashike
Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks.
She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings.
Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.
