CBN Allots N2.1trn in OMO Bills to Banks, Foreign Investors
The Central Bank of Nigeria (CBN) allotted OMO bills totalling N2.1 trillion to deposit money banks (DMBs) and foreign portfolio investors (FPIs) at today’s concluded open market operation on Monday.
The CBN floated another OMO auction on Tuesday, offering N600.0 billion across the 70-day and 140-day tenors, according to detailed results from today’s auction.
The monetary operation followed an auction conducted on Monday, in which the CBN raised about N2.7 trillion across two short tenors – 99 days and 134 days.
At the auction, investor demand was robust, with subscriptions totalling N2.1 trillion. The CBN finally allotted N2.1 trillion across both papers, at stop rates of 20.75% and 19.99%, respectively.
OMO bills with September-01-2026 expiration attracted N538 billion in subscriptions, and the CBN allotted the entire amount at a rate of 20.75%.
Also, OMO bills with November-10-2026 maturity attracted N1.561 trillion in subscription from banks and offshore investors. The CBN approved N1.524 trillion for investors seeking positions in 140-day OMO bills at a rate of 19.99%, auction results revealed.
In the money market, liquidity declined sharply following the sterilisation of about N4.8 trillion via OMO sales over two consecutive trading sessions. According to Futureview Financial Limited, system liquidity retreated to ₦0.09 trillion from ₦3.66 trillion, following primary market repayments
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