Liquidity levels in Nigeria’s money market tightened significantly following the settlement of the Central Bank of Nigeria’s (CBN) Open Market Operations (OMO) bills auction, leading to a shift in short-term interest rates. Analysts noted that the settlement, amounting to ₦2.12 trillion, was concluded after the CBN’s primary market operation on Friday, a move expected to … Continue reading CBN’s OMO Settlement Drains Liquidity, Alters Money Market Dynamics