Data from the Financial Markets Dealers Association (FMDA) has showed that average system liquidity declined by 17.68 per cent to N4.40 trillion last week, as the Central Bank of Nigeria (CBN) mopped up about N4.55 trillion through liquidity management operations. According to FMDA data, Open Market Operations (OMO) continued to account for the bulk of liquidity movements in the financial system, with OMO maturities recorded at N2.25 trillion, while N1.97 trillion is expected this week. [...]