CBN mops up N3.46 trillion across OMO, NTB auctions, holds T-bill stop rates steady
The Central Bank of Nigeria (CBN) allotted approximately N3.46 trillion across its Open Market Operations (OMO) auction on November 3 and Nigerian Treasury Bills (NTB) auction on November 4, 2026, while keeping Treasury Bills stop rates unchanged. The post CBN mops up N3.46 trillion across OMO, NTB auctions, holds T-bill stop rates steady appeared first on Nairametrics .
The Central Bank of Nigeria (CBN) conducted two auctions, the Open Market Operations (OMO) on November 3 and Nigerian Treasury Bills (NTB) on November 4, 2026, raising a combined N3.46 trillion. The CBN allotted N3.46 trillion across these auctions, with N2.95 trillion from OMO and N509.41 billion from NTB. Despite the high investor bids of N5.57 trillion, which were 2.42 times the offered amount, the CBN left a significant amount of investor bids unallotted.
The CBN's decision to increase OMO allotments suggests a potential resumption of aggressive mop-up, but NTB allotments remained below the advertised offer. The auction results come amid elevated banking-system liquidity, with CBN financial data showing balances above N7.72 trillion in Standing Deposit Facility (SDF) on November 3.
The upcoming Monetary Policy Committee meeting will be crucial in determining the CBN's policy stance and subsequent auction decisions.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
