CBN faces N8.57 trillion liquidity surge as OMO, Bond maturities hit banking system
Nigeria’s apex bank could face significant upsurge in system liquidity up to about N8.57 trillion this week beginning Monday, September 28, following a potential N2.59 trillion injection from maturing Open Market Operations (OMO) bills and bond coupons. Nairametrics’ analysis of Central Bank of Nigeria (CBN’s) financial data shows that net system liquidity had already strengthened […] The post…
The Central Bank of Nigeria (CBN) is bracing for a significant liquidity surge of up to N8.57 trillion this week, starting Monday, September 28. This surge is anticipated due to a potential N2.59 trillion injection from maturing Open Market Operations (OMO) bills and bond coupons. According to Nairametrics' analysis of CBN's financial data, net system liquidity had already increased to N5.98 trillion in the week ended Friday, September 25, from N2.86 trillion in the prior week.
The projected increase, driven by N2.43 trillion in OMO maturities and N164 billion in bond coupons, may prompt another liquidity mop-up operation by the CBN. The banks have placed more than N7 trillion at the Standing Deposit Facility (SDF) during the past week, indicating a substantial surplus liquidity within the financial system.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
