Liquidity conditions in Nigeria’s financial system deteriorated sharply following a major Open Market Operations (OMO) bills auction settlement, as limited inflows failed to cushion the impact of the Central Bank of Nigeria’s aggressive liquidity mop-up. The CBN on Tuesday sold ₦2.64 trillion worth of OMO bills to deposit money banks and foreign portfolio investors, significantly … Continue reading OMO Bill Auction Deepens Liquidity Crunch In Nigeria’s Financial System