Nigeria's banking system to receive N15.72 trillion liquidity inflow in September

Nigeria's banking system is projected to experience a significant liquidity inflow of N15.72 trillion in September, primarily due to maturing Open Market Operations (OMO) bills and other securities. This figure represents a 16.1% increase from the estimated N13.54 trillion inflow in August. The Financial Markets Dealers Association (FMDA) indicates that OMO maturities will account for approximately 74% of these expected inflows. However, the net liquidity impact will depend on the Central Bank of Nigeria's (CBN) sterilization efforts.