The Central Bank of Nigeria (CBN) withdrew 1.06 trillion naira ($772 million) from the financial system in a Treasury bill auction, after injecting 2.21 trillion naira ($1.61 billion) through the repayment of maturing Open Market Operations (OMO) securities. The operation comes in a context of abundant bank liquidity, as banks had extra funds after the…...
Trending
- Senegal: CDMP SA and FONAMIF mobilize 2 billion FCFA to refinance microfinance institutions
- Payment of the 2025 dividend of the African Rubber Plantation Company set for August 28, 2026
- Burkina Faso raises 49.5 billion CFA francs on the UEMOA financial market
- Morocco: How Akditalest became the coveted giant of private healthcare?
- Has a new path for water financing in Africa opened in N’Djamena?
- Diaspora: In Ghana, a Pan-African Youth Parliament to Influence Democracy
- GIM-UEMOA: Ahmed Al Moustapha Cissé appointed interim CEO
- Gabon: SAMB’A Assurances launches micro-insurance dedicated to agricultural operators
Nigeria: CBN absorbs $772 million in liquidity after OMO securities repayment
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com