The Central Bank of Nigeria (CBN) absorbed 4.720 trillion naira (approximately 3.53 billion USD) of liquidity during two Open Market Operations (OMO) auctions held on August 26 and 27, 2026, which was significantly more than the initially proposed 2 trillion naira (approximately 1.50 billion USD). Investors submitted 8.620 trillion naira (6.45 billion USD) in bids,...
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Nigeria: CBN withdraws 4.720 trillion naira from the system through OMO auctions
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.
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