DMO to Offer N800bn Treasury Bills, Boosting Liquidity
The Debt Management Office (DMO) is offering N800 billion in Treasury bills on October 28, contributing to an anticipated N2.81 trillion liquidity inflow in Nigeria's money market this week. This inflow will be primarily driven by N2.408 trillion in Open Market Operations (OMO) maturities, alongside N263.58 billion in federal government bond coupons, N130.72 billion in Treasury bills maturities, and N10.923 billion in corporate bond coupons.
The DMO's Treasury bill offer includes N100 billion each in 91-day and 182-day instruments and N600 billion in 364-day bills, with settlement scheduled for October 29. The Financial Markets Dealers Association (FMDA) reported that system liquidity rose by 10.39 percent week-on-week to N6.936 trillion, following a previous surge.
Despite this, Treasury bills yields declined, with the average yield falling by 59 basis points to 17.64 percent, influenced by declines in the one-month and three-month yields.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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