The CBN withdrew ₦3.31 trillion through its latest OMO auction as ₦2.17 trillion in maturing bills returned liquidity to Nigeria’s banking system, resulting in a net withdrawal of about ₦1.14 trillion.
Tag: Monetary Policy
Investors Submit ₦6.1tn for CBN OMO Bills as Demand Surges After Rate Cut!
Investors submitted ₦6.1tn for CBN OMO bills as demand surged after Nigeria’s rate cut. Weng Global examines the auction, yields and market implications.
CBN Cuts Monetary Policy Rate to 23% in Major Interest Rate Reduction!
The Central Bank of Nigeria has cut the Monetary Policy Rate from 26.5% to 23%, signalling a major shift in monetary policy as inflation moderates.