N2.59trn cash injection to influence borrowing costs

The Nigerian money market is expected to witness a significant liquidity boost this week, with approximately N2.59 trillion projected to flow into the banking system through Open Market Operations (OMO) and treasury bills maturities, potentially reinforcing demand for fixed-income instruments and exerting downward pressure on short-term yields.
According to analysts, the anticipated inflows comprise N2.02 trillion in OMO maturities and N572.55 billion in treasury bills maturities. The sizeable injection is expected to sustain excess liquidity across the banking system, providing market participants with additional funds to position in the secondary Treasury bills market this week.
Re...