Nigeria’s financial system liquidity surged by 28.98 percent week-on-week to N4.66 trillion, up from N3.61 trillion, as maturities of Open Market Operations (OMO) instruments and Treasury bills injected substantial funds into the banking system, according to the latest Financial Markets Dealers Association (FMDA) Weekly Market report.
The sharp liquidity expansion came despite an estimated N3.75 trillion sterilisation through OMO and Nigerian Treasury Bills (NTB) auctions, highlighting the scale of funds flowing through the financial system during the review period.
The FMDA weekly report indicates that the liquidity position could remain elevated in the near term, with approximately N3.02 trillion expected to flow into the financial system this week.
OMO maturities are expected to account for about 97 percent of the projected inflows, with N2.94 trillion due to mature. Treasury bill maturities are expected to contribute N71.37 billion, while corporate bond coupons are projected at N236.25 million and commercial paper maturities at N3.42 billion.
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