Details from the auction results showed that the Central Bank of Nigeria (CBN) raised the spot rate on one-year open market operation (OMO) bills to 22.48% at the primary market auction (PMA). In the most recent auctions, investors saw a reversal of the declining spot rate price on one-year tenor OMO bills instruments due to … Continue reading CBN Increases Spot Rate On OMO Bills To 22.48%