OMO maturities surge 31% to N2.94 trillion as weekly liquidity inflows exceed N3 trillion
OMO maturities are projected to surge 30.67% to N2.94 trillion this week, up from N2.25 trillion the previous week, keeping Nigeria's total estimated financial system inflows above the N3 trillion mark for a second consecutive week. The post OMO maturities surge 31% to N2.94 trillion as weekly liquidity inflows exceed N3 trillion appeared first on Nairametrics .
The weekly liquidity outlook by the Financial Markets Dealers Association (FMDA) indicates that Nigeria's total financial system inflows are projected to exceed N3 trillion for a second consecutive week, reaching N3.02 trillion this week. This surge in inflows is primarily driven by OMO maturities, which are expected to rise by 30.67% to N2.94 trillion.
This accounts for approximately 97.5% of the total estimated inflows, with no expected inflows from FGN bond coupons, maturities, corporate bond maturities, or FAAC disbursements. The Central Bank of Nigeria (CBN) has been executing Primary Market Repayment, necessitating aggressive mop-up of N3.745 trillion through Bonds and Treasury Bills sales, including the upcoming N500 billion Treasury bills auction.
Analysts anticipate the CBN to begin cutting rates at the upcoming Monetary Policy Committee meeting, based on how the bank handles this week's OMO maturity surge.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
