CBN Manages N2.04tn Liquidity Inflows This Week
The Central Bank of Nigeria (CBN) is set to manage N2.04 trillion in liquidity inflows this week, as indicated by data from the Financial Market Dealers Association (FMDA). Average system liquidity has decreased by 17.68% to N4.40 trillion.
The CBN's open market operations (OMO) are expected to account for the bulk of liquidity movement, with OMO maturities projected at N2.25 trillion and N1.97 trillion expected in the upcoming week. The total projected inflow includes a significant contribution from OMO maturities, which will represent 97% of the total.
Additionally, Federal Government bond coupon payments are estimated at N47.84 billion, down from N161.28 billion in the previous week. The foreign exchange market has seen a slight depreciation of the naira, with a 40% decline in turnover.
External reserves recorded an increase during the week, despite a 2.44% drop in oil prices, averaging $101.76 per barrel, amid supply concerns.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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