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...
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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.
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