{
  "id": 1828194,
  "title": "OMO Bills Drive N8.09tn Fixed Income Trades in One Week",
  "url": "https://urgent.news/2026/08/18/omo-bills-drive-n8-09tn-fixed-income-trades-in-one-week",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T23:09:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/08/19/omo-bills-drive-n8-09tn-fixed-income-trades-in-one-week/"
  },
  "original_language": "en",
  "account": "Last week, Nigeria's fixed income market saw N6.01 trillion, or approximately 74%, of the N8.09 trillion total face value traded come from Open Market Operation (OMO) bills, according to data from the Central Bank of Nigeria’s Fixed Income Dashboard. This period saw 920 OMO bill trades between August 10 and 14, 2026, involving 26 participants, with Treasury bills and Federal Government of Nigeria (FGN) bonds accounting for N1.50 trillion and N571.65 billion, respectively. The dominance of OMO bills occurred amid elevated yields across the short end of the market, with the dashboard recording an OMO closing yield of 21.50%, a weighted average yield of 20.79% for Treasury bills, and yields ranging from about 14.80% to 17.75% for FGN bonds. This preference for OMO bills, which accounted for over seven out of every ten naira traded by face value, underscored the ongoing strategy by investors to position around current yields and liquidity conditions, clearly outpacing Treasury bills and FGN bonds in market activity.",
  "summary": "Nume Ekeghe Open Market Operation (OMO) bills dominated activity in Nigeria’s fixed income market last week, accounting for N6.01 trillion, or about 74 per cent, of the N8.09 trillion total",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}