Here’s what to expect from Nigeria’s money market ahead of OMO Auction
06 November 2019 | 12:55 pm
The Central Bank of Nigeria (CBN) offered N330 billion across three maturities in an Open Market Operation (OMO) Auction. For a focus on activities shaping Nigeria’s fixed income and Forex market, Tunde Adama, Head of Trading at CITI Nigeria joins CNBC Africa.
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Nigeria’s Debt Management Office offered 147.82 billion naira in today’s Primary Auction compared to the 167.82 billion Naira maturing Treasury bills. Ifeoma Onyejekwe, Fixed Income Trader at UBA tells CNBC Africa’s Esther Awoniyi how market participants reacted to the auction as well as what to expect from a possible OMO auction on Thursday.
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The Central Bank of Nigeria floated an OMO auction on Thursday with a total of 170 billion naira on offer. Constance Onyia, Fixed Income Dealer at Access Bank joins CNBC Africa for more.
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