CBN allots N3.854 trillion in OMO auction, exceeding original offer by N2.354 trillion
The Central Bank of Nigeria (CBN) allotted N3.854 trillion at its Open Market Operations (OMO) auction on November 10, 2026, exceeding its initial N1.50 trillion offer by N2.354 trillion as investors showed strong preference for longer-dated securities. The post CBN allots N3.854 trillion in OMO auction, exceeding original offer by N2.354 trillion appeared first on Nairametrics .
On November 10, 2026, the Central Bank of Nigeria (CBN) conducted its Open Market Operations (OMO) auction, allotting N3.854 trillion, surpassing its initial N1.50 trillion offer by N2.354 trillion. Investors demonstrated a strong preference for longer-dated securities, resulting in a N4.069 trillion bid for the auction, which had a ratio of 2.71 times the advertised offer.
The CBN accepted almost 95% of subscriptions across the 154-day, 252-day, and 329-day instruments, accepting nearly all submissions for the 252-day and 329-day securities. This auction aligns with a pattern of significant OMO allotments by the CBN, although the level of acceptance varies. The November 3 auction saw N1.50 trillion offered, attracting N3.52 trillion in subscriptions, while the November 6 auction allocated N724.32 billion, accepting 38.37% of N1.887 trillion in bids.
The latest allotment represents an increase of approximately N900 billion since the November 3 outcome, with longer-dated securities clearing at lower stop rates compared to shorter maturity instruments. The undersubscription of the 154-day instrument indicates that investors are less interested in shorter-dated securities at higher stop rates.
The upcoming auctions and the volume of maturing obligations will play a crucial role in determining the CBN's continued aggressive liquidity absorption and the sustained preference for longer-dated instruments.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
