Nigeria’s fixed income and foreign exchange market posted a combined turnover of N676.71 trillion in 2025, underscoring the depth of liquidity in the financial system even as policymakers intensify efforts to attract a share of an estimated $30 trillion global sustainability capital pool. Data published by FMDQ Exchange show that transactions worth N676.71 trillion ($446.18 […]
The Central Bank of Nigeria (CBN) moved aggressively into the money market on Monday, selling ₦1.3 trillion worth of Open Market Operation (OMO) bills to mop up excess liquidity estimated at over ₦4 trillion. The apex bank had initially offered ₦600 billion across two short-term maturities, February 24 and May 26, with ₦300 billion apiece. […]
In its effort to manage the money supply and curb inflation, the Central Bank of Nigeria (CBN) in 10 months has mop-up estimated N3.96 trillion excess liquidity using the Open Market Operations (OMO) auctions. OMO sales operation by the apex bank has increased significantly in 2017 and reached record high of about N892.8 billion in […]