CBN sells N4.69 trillion OMO bills, more than double N2.43 trillion maturing same day
The Central Bank of Nigeria (CBN) sold approximately N4.686 trillion in Open Market Operations (OMO) bills at its September 29, 2026 auction, nearly double the N2.5 trillion originally offered and almost twice the N2.433 trillion OMO repayment maturing on the same day. The post CBN sells N4.69 trillion OMO bills, more than double N2.43 trillion maturing same day appeared first on Nairametrics .
The Central Bank of Nigeria (CBN) conducted a significant Open Market Operations (OMO) bill auction on September 29, 2026, selling N4.686 trillion in bills, more than double the N2.5 trillion originally offered and nearly twice the N2.433 trillion OMO repayment maturing on the same day. The auction, which featured three instruments with maturities of 147, 182, and 266 days, saw a total of N6.399 trillion in bids, indicating strong investor demand.
The 266-day instrument, in particular, attracted the most interest, suggesting a trend towards longer-dated OMO bills at lower rates. The CBN successfully allotted N2.19 trillion above the headline offer, resulting in a substantial liquidity withdrawal from the banking system. This auction follows a month of record investor demand for CBN OMO auctions, highlighting the continued interest in longer-dated bills.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
