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Banks prefer CBN’s SDF window over OMO auctions

Traders say they expect an agile session today as market players look to fill unmet bids at the primary market auction. Investors await Wednesday’s Treasury-bills auction results where the DMO offered a sum of 515 billion naira. Meanwhile the CBN’s Standing Deposit Facility rose to 360 billion naira. In a trend that surfaced late last year, banks are now participating more at the CBN’s SDF window compared to the OMO auctions, driven by the attractive rates at the window. Bankole Odusanya, the Chief Dealer at Polaris Bank, joins CNBC Africa to discuss sentiments that will shape the fixed income and FX markets this year.
Thu, 09 Jan 2025 14:27:05 GMT

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