CBN faces N8.57 trillion liquidity surge as OMO, Bond maturities hit banking system

AI Summary

The Central Bank of Nigeria anticipates a liquidity surge of approximately N8.57 trillion due to maturing Open Market Operations bills and bond coupons starting September 28, leading to a significant increase in system liquidity. This development may have notable implications for Nigeria's banking sector and financial markets.

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 CBN faces N8.57 trillion liquidity surge as OMO, Bond maturities hit banking system appeared first on Nairametrics.