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Nigeria’s banking system closed last week with a liquidity surplus of N3.78 trillion, sustaining strong investor appetite for government securitiesThe CBN’s decision to hold its benchmark interest rate steady reinforced expectations of a stable high-yield environment for fixed-income marketsAnalysts at Cowry Research and Coronation Merchant Bank weighed in on what to expect from liquidity conditions and a scheduled N700bn Treasury bill auction
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Nigeria’s fixed-income market recorded strong activity last week, driven by a combination of elevated banking system liquidity and the Central Bank of Nigeria’s decision to hold its benchmark interest rate at its most recent Monetary Policy Committee meeting.
Banking system liquidity closed the week at N3.78 trillion, down from N4.68 trillion the previous week but still high enough to sustain robust demand for Treasury bills and
