OMO, Treasury Bills Attract N4.6trn As Fixed Income Market Surges

Investors committed a total of N5.8 trillion to fixed income securities in the Nigerian financial market last week, with Open Market Operations (OMO) bills and Treasury Bills accounting for the bulk of activity amid sustained demand for government-backed instruments and elevated interest rates.
Data released by the Central Bank of Nigeria (CBN) showed that transactions across OMO bills, Treasury Bills, Federal Government of Nigeria (FGN) Bonds, and Sukuk instruments reflected strong investor participation from Monday to Friday.
OMO bills remained the dominant instrument in the market, attracting N3.07 trillion in trades during the week. The segment also opened the week strongly, with ...