FMDA Sees N10.9tn June Liquidity Inflow as OMO Maturities Dominate Market Outlook

FMDA Sees N10.9tn June Liquidity Inflow as OMO Maturities Dominate Market Outlook

Nume Ekeghe

Nigeria’s financial system is set for another wave of liquidity in June, with an estimated N10.90 trillion expected to flow into the market, driven largely by Open Market Operations (OMO) maturities, the Financial Markets Dealers Association (FMDA) has said.

FMDA who stated this in its Monthly Market Report projected that June inflows would be about 3.51 per cent higher than the N10.53 trillion recorded in May, with OMO maturities accounting for the largest share of expected liquidity injections.

“Looking ahead, an estimated N10.90 trillion in inflows is projected for June, about 3.51per cent higher than May levels. OMO maturities are expected to account for about 71per cent of total inflows, though the ultimate liquidity impact may be moderated by subsequent CBN sterilisation activities,” the report stated.