The Central Bank of Nigeria (CBN) has drawn nearly N3 trillion from the financial system following its latest open market operations (OMO) sale on Tuesday, as the regulator intensifies efforts to contain rising liquidity pressures across the money market. During the auction, the CBN offered N600 billion worth of OMO instruments spread evenly across short-dated … Continue reading CBN Conducts Fresh OMO Auction, Mops Up N2.98 Trillion To Curb Excess Liquidity