UBA: Investors await ₦500bn OMO auction outcome

Traders at UBA say the market is in a calm mode as investors focus is driven towards the 500 billion naira OMO auction holding today. The outcome should further serve as a guidance in both the Bonds and T-Bills secondary market as to where near term investor bias would tilt. Kenneth Onuoha, Team Member, Assets and Liabilities at UBA joins CNBC Africa for more market movements.