The Central Bank of Nigeria (CBN) on Thursday sold N897.2 billion worth of open market operation (OMO) bills, offering investors stop rates as high as 25.99%, auction results showed.
The sale, conducted across two maturities, came after more than N1 trillion in inflows lifted market liquidity into surplus. The CBN offered N600 billion split between 89-day and 124-day bills but demand was strong, with subscriptions reaching N1 trillion.
At the close of the auction, the 89-day tenor cleared at 25.50%, while the 124-day paper settled at 25.99%. The issuance was aimed at mopping up excess liquidity following the maturity of earlier bills, while also helping attract foreign portfolio inflows amid ongoing economic reforms.
 on Thursday sold N897.2 billion worth of open market operation (OMO) bills, offering investors stop....){kind=link}