CBN debunks report on plan to phase out OMO auction

The Central Bank of Nigeria has debunked media reports that it is preparing to bar foreign portfolio investors from participating in its Open Market Operations auction. Meanwhile, UBA traders say they anticipate cautious trading in the secondary T-bills market for the rest of the week as traders carefully manage their liquidity profiles. Ifeoma Onyejekwe, a Fixed Income Trader at UBA joins CNBC Africa for more.