CBN Sells OMO Bill At 22.43% Interest Rate To Investors

Investors bidding for 363-day tenor OMO bills at a spot rate of 22.34% for one-year securities were able to purchase them from the Central Bank of Nigeria (CBN) at the Wednesday primary market auction. After the rate modification for the monetray policy, OMO bill market rates stayed high. This is an effort to draw international … Continue reading CBN Sells OMO Bill At 22.43% Interest Rate To Investors