CBN Raises N2.7trn from OMO Bills, Rates Still Look Good
The Central Bank of Nigeria (CBN) allotted N2.71 trillion worth of OMO bills to investors at the first open market operation conducted in 2026.
The huge allotment signals that the CBN will be more aggressive in its primary market actions with increasing demand for short-term borrowing from the Nigerian government to patch the income gap.
The authority floated OMO bills for subscription, sought to raise N600 billion from foreign portfolio investors (FPIs) and Deposit Money Banks, the core active players at the space.
The offer size of N600.0 billion was split across the 161-day and 210-day tenors. Investment banking firms said in separate reports that total subscription stakes came strong.
Offshore investors in the local market and Nigerian banks staked ₦2.7 trillion bets, which made CBN offers look tiny amidst rising appetite for the naira asset.
The auction result revealed that the Apex Bank allotted ₦2.7 trillion across the two bills, at stop rates of 19.34% and 19.40%, respectively. Analysts said given disinflation, the rates look attractive for market participants. Naira Rallies Ease Corporate Foreign Payments Burden
