Nigeria’s financial system is expected to receive an estimated N2.04 trillion in liquidity inflows this week, largely driven by maturing Open Market Operations (OMO) bills, even as the Central Bank of Nigeria (CBN) intensified liquidity sterilisation efforts in the previous week.
- +FMDA expects N2.04 trillion liquidity inflows this week despite CBN’s mop-up
The projection was disclosed in the latest Financial Markets Dealers Association (FMDA) Weekly Market Snapshot published on Monday, May 25, 2026.
The projection was disclosed in the latest Financial Markets Dealers Association (FMDA) Weekly Market Snapshot published on Monday, May 25, 2026.
The report also showed that average system liquidity declined by 17.68% week-on-week to N4.40 trillion after the CBN mopped up approximately N4.55 trillion through liquidity management operations.
The expected inflows, while lower than the N3.03 trillion recorded last week, are anticipated to provide fresh liquidity to the banking system and influence money market conditions in the days ahead.
The FMDA report indicates that OMO maturities will account for the overwhelming majority of inflows expected this week, underscoring their continued importance as the primary liquidity driver in the financial system.
Unlike the previous week when Treasury Bills maturities drew N583.29 billion, there are no Treasury bills maturities, FGN bond maturities, corporate bond coupon payments, or FAAC disbursements expected within this week.
The sharp decline in average liquidity reflects the CBN’s continued use of aggressive liquidity sterilisation measures aimed at managing excess cash in the banking system and maintaining stability in the fixed-income market.
At the same time, commercial paper maturities and bond coupon payments could support selective reinvestment activity in the fixed-income market.
The latest liquidity projection follows a period of elevated system inflows largely driven by OMO maturities and Treasury instruments.
Market analysts say sustained high liquidity levels, combined with active CBN sterilisation measures, could continue to influence money market rates, yield movements and portfolio allocation decisions across Nigeria’s fixed-income market.
