There expectations that the Central Bank of Nigeria will auction treasury bills worth N230.5 billion this week, just as the 90-, 182- and 364-Days bills mature. “The Central Bank will also auction OMO bill of the same amount on the same day in order to mop up liquidity,” one dealer said. This was as a result of the withdrawals for the day’s open market operations (OMO) auction carried out by the Central Bank of Nigeria (CBN). Nigerian Tribune reports that generally, the treasury bills market was relatively flat as investors gear up for the second Primary Market Auction (PMA) by the central bank this week. As traders prepare for the week’s auction, observers say the market will remain quiet at the next trading session as the money market rates are expected to go down slightly.

Source: Nigerian Tribune January 15, 2018 02:36 UTC