{
  "id": 8982636,
  "title": "FMDA projects Nigeria’s liquidity inflows to drop 31% to N2.47 trillion this week",
  "url": "https://urgent.news/2026/09/21/fmda-projects-nigerias-liquidity-inflows-to-drop-31-to-n2-47-trillion",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T18:48:27.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/09/21/fmda-projects-nigerias-liquidity-inflows-to-drop-31-to-n2-47-trillion-this-week/"
  },
  "original_language": "en",
  "account": "The Financial Markets Dealers Association (FMDA) predicts a 31% decrease in Nigeria's financial-system liquidity inflows to N2.47 trillion this week, down from N3.56 trillion the previous week. This drop occurs as the Central Bank of Nigeria's Monetary Policy Committee begins its two-day meeting, with analysts anticipating the bank to keep its benchmark rate steady. Of this week's projected inflows, OMO maturities will make up 91.8%, amounting to N2.27 trillion, a 25.8% decline from N3.06 trillion. Corporate bond coupons and commercial paper maturities are expected to fall by 76.1% and 35.0% respectively, with no expected inflows from FGN bond maturities, corporate bond maturities, or FAAC disbursements. Despite this projected decline, system liquidity actually increased by 15.97%, reaching N2.86 trillion from N2.46 trillion, as N4.45 trillion entered the financial system. The recent bond yield trends showed mixed results, with the 4-year FGN bond yield falling sharply by 1.73 percentage points to 16.60% and the 15-year bond rising by 1.60 percentage points to 16.35%. Analysts expect the MPC to maintain the 26.5% rate at this week's meeting, but some suggest a potential change in tone. In July, the CBN held the MPR at 26.5% for two consecutive meetings, with Governor Olayemi Cardoso citing Middle East tensions as the reason for a cautious approach. With OMO maturities still leading the liquidity calendar and inflation showing a slow downward trend, the MPC's decision this week will provide insight into whether the CBN will start broad easing or continue to hold steady amid oil-price shocks and pre-election liquidity risks.",
  "summary": "The Financial Markets Dealers Association (FMDA) has projected Nigeria's financial-system liquidity inflows to fall sharply this week to N2.47 trillion, about 30.62% drop from N3.56 trillion the previous week. The post FMDA projects Nigeria’s liquidity inflows to drop 31% to N2.47 trillion this week appeared first on Nairametrics .",
  "key_points": [
    "Nigeria's financial-system liquidity inflows projected to drop 31% to N2.47 trillion this week",
    "Central Bank of Nigeria's Monetary Policy Committee begins two-day meeting",
    "OMO maturities make up 91.8% of projected inflows, amounting to N2.27 trillion"
  ],
  "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."
}