Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Before You Invest A Dime

    July 12, 2026

    XRP Buoys as SWIFT Taps Ripple’s Partner Banks for Tokenised Payment

    July 12, 2026

    NGX Delivers 57% Return, Investors’ Wealth Surges by N9.3trn

    July 12, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Before You Invest A Dime
    • XRP Buoys as SWIFT Taps Ripple’s Partner Banks for Tokenised Payment
    • NGX Delivers 57% Return, Investors’ Wealth Surges by N9.3trn
    • HBAR Slides as Hedera Protocol Suffers $9m Exploit via Oracle Flaw
    • Fitch Affirms Saudi Arabia at ‘A+’ with Stable Outlook
    • BCHUSD – Bitcoin Cash Price Slips on Fractured Momentum
    • Ethereum Tops $1.8k as AI Agent Boosts Protocol Security
    • Binance Coin Rises on BNB Chain Haber Upgrade, Tokyo Event
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Sunday, July 12
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Uncategorized » CBN Sells OMO Bills to Investors at 24.36% Interest Rate

    CBN Sells OMO Bills to Investors at 24.36% Interest Rate

    Julius AlagbeBy Julius AlagbeSeptember 26, 2024Updated:September 26, 2024 Uncategorized No Comments1 Min Read
    CBN Sells OMO Bills to Investors at 24.36% Interest Rate
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    CBN Sells OMO Bills to Investors at 24.36% Interest Rate

    The Central Bank of Nigeria (CBN) sold OMO bills at the spot rate of 24.36% to investors at the primary market auction on Thursday. t the OMO auction, the CBN offered ₦500 billion across standard maturities, which are 96-day, 194-day, and 362-day papers.

    However, demand was weak, with offers totaling ₦252.90 billion only seen for the longest-dated instrument, CardinalStone Securities Limited told investors in an emailed note.

    The investment firm explained that bets on CBN OMO bills by investors resulted in a bid-to-offer ratio of 0.51x, with the stop rate settling at 24.36%. #CBN Sells OMO Bills to Investors at 24.36% Interest Rate

    Naira Rises against US Dollar Ahead of Sept. FX Auction

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Julius Alagbe
    • Website
    • LinkedIn

    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

    Keep Reading

    Rwanda Spends $32m on Fuel Subsidies in 4 Months- Minister 

    FG Lists 2 Savings Bonds for Subscription in July

    Crude Oil Prices Ease as OPEC+ Boosts Output

    DisCos Meter 241,590 Customers in 2 Months –NERC

    Investors Trade 1.68bn Shares worth N109.4bn on NGX

    Hormuz Closure: Trump Dismisses Iran’s Offer as Oil Prices Surge

    Add A Comment

    Comments are closed.

    Editors Picks

    Before You Invest A Dime

    July 12, 2026

    XRP Buoys as SWIFT Taps Ripple’s Partner Banks for Tokenised Payment

    July 12, 2026

    NGX Delivers 57% Return, Investors’ Wealth Surges by N9.3trn

    July 12, 2026

    HBAR Slides as Hedera Protocol Suffers $9m Exploit via Oracle Flaw

    July 12, 2026

    Fitch Affirms Saudi Arabia at ‘A+’ with Stable Outlook

    July 12, 2026
    Latest Posts

    Rwanda Spends $32m on Fuel Subsidies in 4 Months- Minister 

    July 10, 2026

    FG Lists 2 Savings Bonds for Subscription in July

    July 9, 2026

    Crude Oil Prices Ease as OPEC+ Boosts Output

    July 6, 2026

    DisCos Meter 241,590 Customers in 2 Months –NERC

    May 22, 2026

    Investors Trade 1.68bn Shares worth N109.4bn on NGX

    May 13, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.