CBN offers N2 trillion OMO bills as banks hold N6 trillion at deposit window
The Central Bank of Nigeria (CBN) is offering N2 trillion in Open Market Operations (OMO) bills on Thursday, October 22, 2026, as banking system liquidity remains elevated following substantial securities repayments. The post CBN offers N2 trillion OMO bills as banks hold N6 trillion at deposit window appeared first on Nairametrics .
The Central Bank of Nigeria (CBN) is set to offer N2 trillion in Open Market Operations (OMO) bills on October 22, 2026, amid a liquidity-rich banking system. This follows a significant repayment of N2.41 trillion in OMO securities on October 13, which led to a surge in banks’ net placements at the CBN’s Standing Deposit Facility, exceeding N6 trillion.
The auction notice from the CBN includes N1 trillion each of 138-day and 180-day bills for bidding between 1:00 p.m. and 1:30 p.m. The projected OMO maturities for the week, as per the Financial Markets Dealers Association (FMDA), stand at N2.067 trillion. The CBN’s latest OMO auction features two bills with equal allocations for the 138-day and 180-day instruments, maturing on March 9, 2027, and April 20, 2027, respectively.
The N2 trillion offer constitutes about 96.8% of the projected FMDA maturities. The auction results, including stop rates, subscriptions, and allotments, will dictate the extent of liquidity withdrawal from the banking system.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
