Liquidity in Nigeria’s banking system rebounds at N572.8 billion from a N307.8 billion deficit recorded in January, driven by substantial inflows from primary market repayments, open market operations repayments, and standing lending facility transactions, Afrinvest report shows.
According to the report, inflows from primary market repayment rose to N2.9 trillion, and standing lending facility transactions grew to N24.2 trillion outpacing the open market operations repayment of N823.3 billion in January.
“Inflows from primary market repayment (N2.9 trillion), OMO repayment (N823.3 billion), and SLF (N24.2 trillion) outpaced outflows via OMO sales (N1.4 trillion), PMAs (N1.4 trillion), and SDF (N4.2 trillion). As such, OPR and OVN fell 2.4ppts and 2.2ppts m/m to 26.8 percent and 27.3 percent respectively,” the report said.