OMO Bills Dominate Nigeria's Fixed-Income Market in August
In August, Open Market Operation (OMO) bills accounted for approximately 72% of the N36.52 billion face value traded in Nigeria's fixed-income market. According to the latest Fixed Income Dashboard from the Central Bank of Nigeria (CBN), there were 9,187 trades conducted from August 1 to 31, involving 29 participants across various instruments including OMO bills, Treasury bills, FGN Bonds, and Sukuk.
OMO bills led significantly with 4,032 trades, representing a face value of N26.19 billion, which is 71.7% of the total market activity. Following OMO bills, Treasury bills recorded 2,666 trades valued at N5.69 billion, while FGN Bonds had 2,471 trades worth N4.59 billion.
The performance of Sukuk was not detailed in the provided text.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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